AVIA raises $22 million in new funding round to propel service expansion

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AVIA raises $22 million in new funding round to propel service expansion

Press releases may be edited for formatting or style | October 23, 2019 Health IT
CHICAGO – October 23, 2019 – AVIA, the leading partner for digital health insights, strategic guidance, and consulting services, today announced it has raised $22 million to expand its services. Led by First Trust Capital Partners, LLC, the round includes a number of strategic investors and health systems with a similar vision for the future. Twelve health systems have invested in AVIA and count themselves among the 50+ health systems that have selected the company as their partner to help navigate the threats and opportunities presented by the digitization of healthcare.

“Digital technologies have transformed nearly every other industry, resulting in massive value creation, increased competitive intensity, and greater disparity between winners and losers. The installation of electronic medical record systems over the last decade represents just the first step in digital’s impact on healthcare. As the digital disruption of healthcare accelerates over the coming decade, we see big opportunities but equally big risks for incumbent healthcare providers,” says Eric Langshur, Co-founder and CEO of AVIA.

Globally, nearly all healthcare organizations are working to drive growth, improve quality and productivity, and prepare for financial risk. The proliferation of new digital solutions enables achievement of these goals -- but only if organizations deploy them effectively. Members of the AVIA Innovator Network access unique insights, participate in collaborative strategic initiatives, and engage in consulting services to increase speed and assurance for their digital transformations. This round of funding enables AVIA to expand its coverage of new digital topical areas, services and markets:

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- Areas of focus. AVIA already has major initiatives underway to (i) build the next-generation Digital Front Door and consumer journeys for healthcare organizations, (ii) bring proven models of better, less expensive care to vulnerable populations through the Medicaid Transformation Project, (iii) increase access and convenience through virtual health, and (iv) unlock workforce capacity through automation solutions. At the request of its members, AVIA will expand the breadth and depth with which it addresses consumerism, population health and managing risk-based arrangements, and redesigning practices to compete on productivity, access, and satisfaction.

- Services. Building on AVIA’s prior work in ensuring client preparedness for digital transformation and creating results-focused digital roadmaps, AVIA is growing its consulting practice to help healthcare organizations link their overarching strategies to specific, technology-enabled business plans, as well as to build the skills, capacity, and governance to implement them faster. The company is expanding the resources it devotes to working with boards of directors and senior management teams on the urgency, scale, and sequencing required to master digital as a differentiating advantage.

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