(Photo courtesy of Noah Weiner)
Avhana Health closed a $750,000 seed round and is looking to grow its team, CEO Noah Weiner said.
Investors in the round include venture firms SR One Limited, Boston Millennia Partners Founders Fund, as well as the Wilmington Investor Network. Investments from TEDCO’s TCF Fund and the DreamIt Health accelerator — which they completed last year — are also included.
Avhana is building a system to provide doctors with digital checklists that integrate patient information and Electronic Medical Records in one place. Like many health IT startups, they’re looking to replace an outdated technology. In this case, it’s the voluminous documents that explain protocols for people to take care of patients.
With the new funding, the company is looking to hire two new people, and will bring on three Venture for America fellows to bring the total staff to 10.
According to Weiner, the company is moving into a production phase, and aims to have the product in hospitals by the fall. The company has been working with EMR companies like Epic, Allscripts and Greenway Health to get the system working with existing EMRs. The team members set a goal of putting the system in 10 hospitals by the end of the year, but that changed when the company found how much data they were getting from existing pilots.
“Our goal is to have enough pilot data to develop a robust business model that is needed to sell and then scale the product,” Weiner said. “We have realized that we can accomplish this with way less then 10 customers.”-30-
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