Baltimore, MD-based Avhana Health closed a $750,000 seed round from a number of investor, including SR One Limited, Boston Millennia Partners Founders Fund, and Wilmington Investor Network, as well as the company’s last year investors – TEDCO’s TCF Fund and the DreamIt Health accelerator.
Avhana is building a system to provide doctors with digital checklists which integrate patient information with Electronic Medical Records, with the idea to replace voluminous documents that explain protocols for people to take care of patients.
The company plans to use the funds to hire two new people, to bring the total staff to 10.
According to Avhana’s CEO Noah Weiner, they are moving into a production phase, and are looking 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 health record keeping system.
Avhana Health is looking to have the product in hospitals by the fall.Initially, the company planned to put the system in 10 hospitals by the end of the year, but that changed when they 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 than 10 customers.”
[Via: technical.ly]