May 28, 2014

GE Ventures & Drive Capital Back Aver Informatics to Lower Healthcare Costs

What does it mean to provide value-based healthcare while managing costs? Aver Informatics knows. The Green Bay, Wisc.-based company, which is part of the StartUp Health and GE entrepreneurship program, uses health data to simplify the reimbursement process and lower costs for payors. Since launching three years ago, Aver has helped its customers save 10 to 15 percent on payments for treatments across their patient populations. This week, it announced that it has raised $8.5 million from GE Ventures and Drive Capital. We’re thrilled to see Aver’s rapid traction and we’re excited about what it could mean for the system.

StartUp Health Returns to Health Datapalooza for Our Third Anniversary

Three years ago, StartUp Health launched on stage at Health Datapalooza with the mission of helping build and scale a legion of companies focused on reimagining healthcare. Next week, we’ll return to Washington, DC, to showcase 40 of our 70 companies, introduce eight new startups and celebrate their collective innovation. Additionally, four of our companies -- Maxwell Health, 1EQ, @PointofCare and Pocket Anatomy -- will take the main stage to demo their solutions.

If you’re a payor, provider or investor committed to supporting the startup ecosystem and would like access to our StartUp Health Showcase in DC on June 2, email us your name, company and title today! (Note: We will do our best to accommodate you, but may be limited by space considerations).

StartUp Health Companies in the News

Aver Informatics

Aver Informatics Raises $8.5M Series A for Simplifying Insurance-Reimbursement System
Dow Jones VentureWire

Aver Informatics Raises $8.5 Million To Tackle Healthcare Payments
TechCrunch

Aver Informatics raises $8.5M to cure ailing health care billing system
VentureBeat

GE, Drive Capital lead $8.5M round for bundled payment analytics specialist Aver Informatics
MedCity News

Aver Informatics Raises $8.5 Million to Simplify the Healthcare Reimbursement Process
HIT Consultant

Aver Informatics raises $8.5 million in venture capital
Milwaukee Journal Sentinel

Care at Hand & Caremerge

Spotlight on: Care transition technologies
mHealthNews

GoGoHealth & RxREVU

A New Era in Value-Driven Pharmaceuticals 
The Health Care Blog

Medicast

The house call makes a comeback
Marketplace

StartUp Health Weekly InsightsTM

Top Digital Health Funding This Week
Startup Amount Investors
Quantapore $35.0M Undisclosed
iRhythm Technologies $17.0M Norwest Venture PartnersNovo A/S
Kyruus $11.3M Undisclosed
Nyxoah $11.0M Undisclosed
Aver Informatics $8.5M GE VenturesDrive Capital
Assurex Health $7.0M Sequoia CapitalMayo Clinic
Claremont Creek VenturesCincinnati Children's Hospital Medical Center
CincyTechAllos Ventures
Bellabeat $4.5M SV AngelCrunchFundPromus VenturesUniversal Music Group
Cherubic Ventures
Independa $2.8M Undisclosed
Jointly $1.3M Frost Venture PartnersReed Elsevier Ventures
Filament Labs $1.0M Mercury FundArcadia Home Care
Corinthian Health Services
See much more in StartUp Health Insights, the most comprehensive funding database tracking over $10 billion in digital health and health tech deals.

Upcoming Health Events & Challenges

Health Datapalooza
June 1-3, 2014
Washington, DC

Healthy Communities Data Summit
June 11, 2014
Los Angeles, CA

Healthcare Cloud Coalition
June 19, 2014
Falls Church, VA

For more digital health events, visit our website.

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StartUp Health, its directors, officers, employees, and agents specifically disclaim any liability whatsoever, for any direct, indirect, incidental, consequential, or special damages arising out of or in any way connected with this communication including any error or incompleteness of fact or opinion in it or lack of care in its preparation or publication. All information provided herein is subject to change without notice.  
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