How Avaneer Health is Building The One Health Data Exchange to Rule Them All – The Health Care Blog

By JESSICA DaMASSA, WTF Wellness

What Significant issue is Avaneer Wellbeing building with its $50 million SEED round backed by not-just-investors-but-also-partners CVS Wellness, Aetna, Anthem, Cleveland Clinic, HCSC, PNC Bank, Sentara Health care and IBM Watson Well being? CEO Stuart Hanson stops by to apparent-up the mystery that IS Avaneer Overall health, and how the large info exchange system it is making is meant to link the data coming out of the most important payers and biggest providers in health care, right and in serious-time.

Dangle on – is this the blockchain-dependent information exchange health care has been chatting about for far more than a 10 years?? It confident is making an attempt to be. And what Stuart suggests is unique about Avaneer’s work is, in truth, the fact that it is backed by some of the major makes in the company and that they see the organization circumstance in remaining able to extra successfully share their knowledge with one a different. As he clarifies it, “this difficulty of facts interoperability and knowledge fluidity is larger than any competitive enterprise design that they require to stress about…”

Stuart is very careful to describe what Avaneer IS and what it IS NOT, and this is crucial to the company’s advancement options and profits product. Avaneer is NOT a info middleman it is not about aggregating knowledge, normalizing it, de-determining it, or applying any fancy device finding out algorithms to it to supply “insights” on it. Avaneer is strictly a platform for protected, compliant facts trade, so, for case in point, Anthem can hook up to Cleveland Clinic in authentic-time and confirm insurance coverage protection. The revenue model is now created all around entry to the network and will one particular-working day-before long also acquire in costs from ‘Solutions Innovators’ (aka details-aggregating, algorithm-loving, insights-dropping well being tech organizations) that will provide their services as incorporate-on’s to Avaneer’s clients who are plugged into the community.

What’s ahead for this stealthy get started-up as it scales? Could they Actually be on the lookout to increase a comply with-on seed round?? Discover out what type of buyers they’re seeking for and what’s forward on their solution roadmap in this in-depth chat.