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eConsult Solution Company AristaMD Secures $18 Million in Series B Funding

Mar 31, 2020over 5 years ago

Amount Raised

$18 Million

Round Type

series b

San DiegoSustainability

Description

AristaMD, a digital health company that provides a proprietary eConsult solution to connect primary care providers (PCPs) with timely, documented specialist insights, has raised $18 million in Series B funding. The round was led by Cigna Ventures and MemorialCare Innovation Fund (MCIF), with participation from Avalon Ventures, CU Healthcare Innovation Fund and Stanford Health Care. Proceeds from the raise will be used to accelerate expansion of its proprietary eConsult platform across the country.

Company Information

Company

Arista Md

Location

San Diego, California, United States

About

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.

Funding Insights

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