The Venture Codex

Participated · Series A · Jul 2016

Avizia provides a telehealth platform that combines video devices with software to streamline care coordination, provider collaboration and patient engagement. Led by CEO and co-founder Mike Baird, the company's solutions include Avizia ONE, Avizia OnePass and myCare by Avizia. Its technology is deployed in 37 countries and is used by eight of the top ten hospital networks in the United States. Avizia has an enterprise-technology partnership with Northwell Health to align telehealth infrastructure across Northwell’s 21 hospitals and more than 550 outpatient practices in the New York metropolitan area. That alignment covers physician offices, imaging centers, laboratories, same-day surgical centers, skilled nursing facilities, home care, emergency medical and air ambulance services and enables virtual consults across the network. The company raised additional capital as part of its Series A, bringing that round's total to $18M. Avizia provides an end-to-end telehealth platform that combines video devices with software to streamline care coordination, provider collaboration, and patient engagement. Its solutions are deployed across more than 400 healthcare systems in 37 countries and in 8 of the top 10 U.S. hospital networks. Gartner lists Avizia as a sample vendor delivering an Enterprise Virtual Care Platform. The company says it will use new funding to expand engineering teams and its go-to-market reach to enhance telehealth offerings for hospitals and other providers. CEO and co-founder Mike Baird highlighted the goal of increasing access to care, improving quality, and lowering costs through technology-enabled services. Avizia builds an end-to-end telehealth platform that combines industry-leading video devices with software to streamline care coordination, provider collaboration, and patient engagement. The company delivers solutions to 37 of the top 100 U.S. healthcare IDNs, is deployed at hundreds of hospitals and clinics, and has sales in 36 countries. Founded in 2013, Avizia positions its platform to enable continuity of care by connecting any patient to any provider in any place. The company plans to use new funding to expand its telehealth video collaboration offerings for hospitals and physicians and to advance the patient experience. Avizia emphasizes bringing caregivers and family members into care conversations at the point of care to close coordination gaps. It announced an $11 million Series A to support continued innovation across its care coordination platform. Avizia is a telemedicine solution-provider that delivers a fully integrated telemedicine solution combining video devices, clinical workflow management, and HIPAA‑compliant communication software. The company sells packaged telemedicine offerings addressing telestroke, behavioral health, e-visits, and emergency care, integrating carts, peripherals, and connections to EHRs. Avizia announced a $4 million investment intended to accelerate sales, marketing, and product development. Investors named in the round include NextGen Angels, Waterline Ventures, and Middleland Capital; NextGen increased its investment after initially investing the prior fall. CEO Mike Baird said the company is experiencing faster-than-expected growth and will use the capital to expand the business to meet demand. The article cites a telemedicine market estimate of $5 billion over the next five years, supporting strong provider demand for packaged, seamless solutions. Avizia is a 1-year-old telemedicine technology company founded by former Cisco employee Michael Baird and based in Reston, Virginia. It builds telemedicine carts and high-definition screens that enable video consults between patients and specialists and between medical professionals. The company’s carts, unveiled at the American Telemedicine Association conference, use camera technology from Cisco’s Telepresence SX series. Avizia is pushing to grow its product line and expand its sales team across healthcare and education. As telemedicine gains acceptance, the company is positioning its hardware to improve access to and quality of patient care. The company reported a $2 million financing led by NextGen Angels with participation from Blu Venture Investors and Middleland Capital, and Edward Kennedy of Tollgrade Communication joined the board.