We take for granted our ability to go to any bank’s ATM to get cash and see our account balance, or that we can use our cell phones in just about any location. These things are made possible through integrated financial and cellular networks that allow free-flowing transactions between multiple entities.
At Avaneer Health, we’re building that kind of network for healthcare. We’re going beyond the traditional ideas of interoperability and creating an entirely new way of transacting healthcare. It’s not just a redesign or streamlining of existing processes. It’s about disruption and innovation. It’s about a new way of thinking and working together. It’s about reinventing the business of healthcare.
The use cases for this type of network are limitless, but we’ve prioritized some of the most impactful: real-time adjudication and eligibility/coverage determination. We also see the urgent need for a dynamic solution exchange marketplace on which solutions can be launched and subscribed to by other healthcare organizations. We are partnering with organizations who want to launch solutions on our marketplace that improve administrative processes, encourage multi-app purchases, have a large addressable market, and are adaptable to a decentralized network.
We realize that the value of our network is closely aligned with the expansion of users and solutions. As more apps are added and more payers and providers join, that value increases exponentially. We invite you to join the network or learn more at www.avaneerhealth.com.
In This Issue
- Avaneer Health recognized as a great place to work
- Exploring Decentralized Architecture Networks in Healthcare
- The Missing Ingredient in Today’s Patient Portals: Network Effects
- 10 healthcare companies that hit $1B valuations in 2022
- It’s time to redefine what we mean by interoperability and reimagine what it could be
Featured Avaneer Content
Avaneer Health recognized as a great place to work
Avaneer Health has received the Built In’s 2023 Best Places to Work award. The award is presented to companies large and small, from startups to enterprises, and honors both remote-first employers and large tech firms across the country.
The award is determined based on several criteria, including compensation and benefits, flexible work opportunities, DEI (diversity, equity, and inclusion) programs, and other cultural factors.
Exploring Decentralized Architecture Networks in Healthcare
Health IT Analytics
A recent survey found that close to 60% of health systems use “more than 50 point solutions to manage healthcare operations.” Nearly one in four use more than 150. Besides high costs and growing stress, the lack of integration among these solutions increases burnout among clinicians, complicates patient care, and inhibits healthcare innovation. Read the Article
The Missing Ingredient in Today’s Patient Portals: Network Effects
The Healthcare Platform Blog (formerly e-CareManagement Blog)
Patient portals have increased in popularity in recent years but they have a long way to go to reach their full potential. The problem, according to the article, is a lack of network effects. “Portals offer mostly stand-alone value – the ability to conduct discrete transactions with one provider organization.” Research shows that 20% of Medicare patients have medical records with eight or more organizations; just 5% have records with a single provider. Having to log into multiple portals to get a complete picture of their healthcare has become a friction point for patients. To be truly patient-centric, healthcare organizations should allow patients to transact with all their providers in a single portal. This would drive patient usage, which would drive clinician usage, leading to mass adoption, innovation, better data, and greater value for all. This is the potential of network effects. Read the Article
10 healthcare companies that hit $1B valuations in 2022
Fierce Healthcare
Digital health startups saw an influx of venture funding in 2021, with 85 startups reaching unicorn status—a 49% increase from 2020. However, things took a downward turn in 2022 due to economic pressures, although not for everyone. This article introduces ten digital startups that are “bucking the trend, raising significant amounts of cash.” Learn what makes these innovative startups different. Read the Article
From the Avaneer Blog
It’s time to redefine what we mean by interoperability and reimagine what it could be
The definition of interoperability needs a makeover. As new technologies such as AI (artificial intelligence), machine learning, and blockchain are developed, we need to rethink what interoperability could mean. In yesterday’s terms, interoperability was closely aligned with APIs. While they are an effective tool for establishing connectivity between two entities, they aren’t the hoped-for conduit that finally allows us to maximize the potential of fast-growing landmasses of data we have available. What we need, and what new technologies can provide, is a decentralized peer-to-peer network where participants can connect once and transact with many. Read More
We want to meet you!
We are attending a few events this spring and hope to meet you in person.
We will have a pod at ViVE 23, reply to this email and let us know if you’d like to set up time to meet.
Meet with us at HIMSS23 – we will have a meeting room on the exhibit floor and are hosting a lunch and learn. Reply to this email if you’d like more information about connecting.
