NewYork-Presbyterian Invests in Telehealth Startup Avizia | Healthcare Informatics Magazine | Health IT | Information Technology Skip to content Skip to navigation

NewYork-Presbyterian Invests in Telehealth Startup Avizia

October 31, 2016
by Heather Landi
| Reprints

Avizia, a Reston, Va.-based telehealth solution provider, announced the completion of its Series A financing totaling $17 million, with $6 million from HealthQuest Capital and NewYork-Presbyterian.

In recent years, NewYork-Presbyterian has been at the forefront of delivering video consult services. The health system is using telehealth technology to reduce emergency room wait times and power their telestroke peer-to-peer physician consult program. With this investment, NewYork-Presbyterian will expand its role in advising Avizia on the enhancement of its platform to assist healthcare providers to increase access to care, improve quality of care, and lower the cost of care through technology-enabled services.

“This investment represents an important step forward for NewYork-Presbyterian and our digital health offerings,” Steven J. Corwin, M.D., president and CEO of NewYork-Presbyterian, said in a statement. “We look forward to collaborating with Avizia and bringing the next generation of healthcare technology to patients in New York and around the country.”

The telemedicine market is projected to grow at a rate of more than 50 percent a year, increasing from $240 million in 2013 to $1.9 billion by 2018, according to data analytics firm IHS. The 2016 “Closing the Telehealth Gap” research report found that 72 percent of U.S. hospitals are currently using telehealth. The additional $6 million in funding from HealthQuest Capital and NewYork-Presbyterian will enable Avizia to further expand its telehealth offerings for hospitals, and other providers.

 

Get the latest information on Health IT and attend other valuable sessions at this two-day Summit providing healthcare leaders with educational content, insightful debate and dialogue on the future of healthcare and technology.

Learn More

Topics

News

Study: EHRs Tied with Lower Hospital Mortality, But Only After Systems Have Matured

Over the past decade, there has been significant national investment in electronic health record (EHR) systems at U.S. hospitals, which was expected to result in improved quality and efficiency of care. However, evidence linking EHR adoption to better care is mixed, according to medical researchers.

Nursing Notes Can Help Predict ICU Survival, Study Finds

Researchers at the University of Waterloo in Ontario have found that sentiments in healthcare providers’ nursing notes can be good indicators of whether intensive care unit (ICU) patients will survive.

Health Catalyst Completes Acquisition of HIE Technology Company Medicity

Salt Lake City-based Health Catalyst, a data analytics company, has completed its acquisition of Medicity, a developer of health information exchange (HIE) technology, and the deal adds data exchange capabilities to Health Catalyst’s data, analytics and decision support solutions.

Advocate Aurora Health, Foxconn Plan Employee Wellness, “Smart City,” and Precision Medicine Collaboration

Wisconsin-based Advocate Aurora Health is partnering with Foxconn Health Technology Business Group, a Taiwanese company, to develop new technology-driven healthcare services and tools.

Healthcare Data Breach Costs Remain Highest at $408 Per Record

The cost of a data breach for healthcare organizations continues to rise, from $380 per record last year to $408 per record this year, as the healthcare industry also continues to incur the highest cost for data breaches compared to any other industry, according to a new study from IBM Security and the Ponemon Institute.

Morris Leaves ONC to Lead VA Office of Electronic Health Record Modernization

Genevieve Morris, who has been detailed to the U.S. Department of Veterans Affairs (VA) from her position as the principal deputy national coordinator for the Department of Health and Human Services, will move over full time to lead the newly establishment VA Office of Electronic Health Record Modernization.