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eConsult Solution Company AristaMD Adds Ascension Ventures and .406 Ventures to Investment Syndicate, Completing Its $24 Million Series B Financing

eConsult Solution Company AristaMD Adds Ascension Ventures and .406 Ventures to Investment Syndicate, Completing Its $24 Million Series B Financing

07/14/20, 1:07 PM
Location
https://purecatamphetamine.github.io/country-flag-icons/3x2/US.svgsan diego
Money raised
$24 million
Industry
sustainability
Round Type
series b
AristaMD, a leading digital health company that provides proprietary eConsult solutions that connect primary care providers (PCPs) with timely, documented specialist insights, today announced investments from Ascension Ventures, a strategic healthcare venture firm representing 13 of the nation’s leading non-for-profit health systems, and .406 Ventures, a venture capital firm investing in early-stage disruptive enterprise technology and digital health companies. These investments top off the company’s Series B funding round, which was co-led by Cigna Ventures and MemorialCare Innovation Fund, at $24 million. The new capital will be used to accelerate commercial growth as well as continue the expansion of its proprietary eConsult platform supporting payors and health systems across the country.

Company Info

Company
Arista Md
Location
san diego, california, united states
Additional Info
AristaMD is focused on improving health equity and patient outcomes through more timely access to specialty care. Its eConsult (also known as electronic physician-to-physician consultations) and referral management platform empowers providers to conduct eConsults, facilitates physician selection and scheduling for in-person specialist visits, triggers automatic follow-up activities critical to patient care, and schedules peer-to-peer reviews for insurance authorization. Electronic referral management and eConsults significantly improve the patient referral process and deliver greater access to timely, equitable, high-quality care. AristaMD facilitates referrals to the most appropriate specialist based on criteria such as specialization, location and the patient's insurance network. eConsults are seamlessly integrated into the referral management experience, with AristaMD being surfaced along with local providers when an eConsult can be of value. The solution also enables full closed-loop communication, including patient texting, direct online scheduling for patients and bi-directional communication between providers. Primary care clinics using the solution can eliminate burdensome faxes and calls and consolidate all referral workflows into one easy-to-use electronic ordering platform. The solution also enables specialists to promote their availability, insurance acceptance and expertise. Designed to seamlessly integrate into physician referral workflows, the platform allows payors, healthcare organizations and providers to coordinate care using their own specialists or those provided by AristaMD’s board-certified panel of experts. AristaMD’s platform has proven to deliver cost-effective, rapid access to specialty care, significantly reducing the need for face-to-face visits while increasing patient satisfaction. For additional information, visit http://www.aristamd.com, or follow AristaMD on LinkedIn and Twitter.