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

By JESSICA DaMASSA, WTF Wellbeing

What Significant detail is Avaneer Wellbeing developing with its $50 million SEED round backed by not-just-traders-but-also-companions CVS Wellbeing, Aetna, Anthem, Cleveland Clinic, HCSC, PNC Bank, Sentara Healthcare and IBM Watson Health? CEO Stuart Hanson stops by to clear-up the thriller that IS Avaneer Health, and how the massive details exchange system it is building is meant to connect the info coming out of the major payers and largest suppliers in healthcare, straight and in genuine-time.

Cling on – is this the blockchain-primarily based facts trade health care has been speaking about for extra than a 10 years?? It absolutely sure is attempting to be. And what Stuart claims is various about Avaneer’s work is, certainly, the point that it’s backed by some of the most significant brands in the business and that they see the organization situation in remaining able to extra proficiently share their facts with just one yet another. As he explains it, “this problem of knowledge interoperability and facts fluidity is greater than any aggressive small business product that they require to be concerned about…”

Stuart is very careful to explain what Avaneer IS and what it IS NOT, and this is important to the company’s growth plans and income design. Avaneer is NOT a details middleman it is not about aggregating information, normalizing it, de-identifying it, or making use of any fancy machine mastering algorithms to it to provide “insights” on it. Avaneer is strictly a platform for secure, compliant facts exchange, so, for example, Anthem can link to Cleveland Clinic in authentic-time and confirm insurance policies protection. The profits model is now crafted all-around obtain to the network and will one-day-quickly also choose in fees from ‘Solutions Innovators’ (aka information-aggregating, algorithm-loving, insights-dropping health tech companies) that will present their providers as include-on’s to Avaneer’s prospects who are plugged into the network.

What is in advance for this stealthy begin-up as it scales? Could they Truly be seeking to elevate a stick to-on seed spherical?? Come across out what type of buyers they are seeking for and what is ahead on their merchandise roadmap in this in-depth chat.

https://www.youtube.com/observe?v=Ls4RDb_ZxmU