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 point is Avaneer Overall health making with its $50 million SEED spherical backed by not-just-investors-but-also-associates CVS Wellbeing, Aetna, Anthem, Cleveland Clinic, HCSC, PNC Lender, Sentara Health care and IBM Watson Overall health? CEO Stuart Hanson stops by to obvious-up the secret that IS Avaneer Health and fitness, and how the huge facts exchange platform it is setting up is intended to hook up the knowledge coming out of the major payers and most important providers in health care, right and in serious-time.

Cling on – is this the blockchain-dependent data exchange health care has been talking about for far more than a ten years?? It confident is hoping to be. And what Stuart suggests is distinctive about Avaneer’s effort and hard work is, in fact, the simple fact that it is backed by some of the greatest brand names in the business enterprise and that they see the small business case in currently being equipped to a lot more proficiently share their data with 1 yet another. As he describes it, “this difficulty of knowledge interoperability and details fluidity is larger than any aggressive company product that they need to be concerned about…”

Stuart is cautious to clarify what Avaneer IS and what it IS NOT, and this is critical to the company’s growth programs and income design. Avaneer is NOT a data intermediary it’s not about aggregating data, normalizing it, de-determining it, or making use of any extravagant machine learning algorithms to it to deliver “insights” on it. Avaneer is strictly a system for safe, compliant knowledge trade, so, for illustration, Anthem can link to Cleveland Clinic in actual-time and validate insurance policies protection. The profits product is at the moment built all around entry to the community and will a person-working day-shortly also just take in expenses from ‘Solutions Innovators’ (aka data-aggregating, algorithm-loving, insights-dropping well being tech firms) that will offer their products and services as increase-on’s to Avaneer’s clients who are plugged into the community.

What’s in advance for this stealthy get started-up as it scales? Could they Genuinely be hunting to elevate a observe-on seed spherical?? Obtain out what type of traders they are looking for and what is forward on their item roadmap in this in-depth chat.