AZALEA HEALTH has raised $10.5 million in Series B funding. You may already be familiar with its cloud-based EHR, revenue cycle management, and telehealth app.
Now you can read the rest of this article to learn about more of Azalea’s innovative products. And don’t forget to check back for future articles on these topics.
AZALEA HEALTH raises $10.5 million in Series B funding
Founded eight years ago, Atlanta-based Azalea Health is a provider of revenue cycle management software for healthcare practices.
The company recently announced a $10.5 million Series B round of funding led by Intersouth Partners and former Hellman & Friedman executives Ed Woiteshek and Rob Little.
AZALEA has also recently partnered with EHR giant Cerner to improve clinician-patient communication and enhance the user experience.
Founded in 2008, Azalea Health focuses on rural and underserved markets. Its mobile-enabled platform includes revenue cycle management, electronic prescribing, practice management, and telehealth tools.
Its software also integrates with Apple HealthKit. Furthermore, this funding will continue to support the company’s strategy of focusing on mobile and rural markets.
Its cloud-based EHR
The company recently announced a new investment from LLR Partners, which will allow the company to expand its services and support a broader customer base.
The investment will support the company’s continued growth and organic growth and acquisition opportunities, focusing on product innovation and interoperability.
Azalea Health is a cloud-based, interoperable EHR, which fills gaps left by legacy solutions and facilitates improved patient outcomes.
Azalea’s EHR is easy to navigate and incorporates all the features of its PM platform, including telehealth functionality. It is also integrated with a patient portal, billing, and a mobile application.
The system is built to reduce the time spent on each step of the patient journey. Furthermore, the cloud-based platform is completely secure, enabling doctors to run their practices with complete confidence.
Its revenue cycle management
In a recent study, the company Azalea Health released the results of an internal customer survey that included 500+ healthcare providers. It found that overall revenue cycle management is one of the most challenging aspects of running a healthcare practice.
The study also found that rural clinics face unique challenges, such as higher Medicaid patient volumes, higher bad debt, and the need to split bill.
As a result, revenue cycle management for rural clinics is particularly important to increase patient satisfaction and boost cash flow.
Healthcare revenue cycle management begins when a patient makes an appointment and ends when an organization collects all patient payments and claims. The revenue cycle process begins with pre-registration and involves administrative staff members in the establishment of patient accounts.
In addition, employees must manage insurance eligibility verification and the establishment of patient accounts.
The first step of revenue cycle management is pre-registration, where employees create a patient account based on the patient’s medical history and insurance coverage.
Its telehealth app
Adding a telehealth app to your practice’s EHR solution can help you reach more patients. Azalea’s cloud-based platform features integrated telehealth functionality, revenue cycle management, and mobile health applications.
This comprehensive solution is tailored to the needs of community health organizations – from large urban clinics to rural practices – with limited staffing, IT resources, and time.
Therefore, a key benefit of Azalea’s telehealth solution is its seamless integration with the Azalea EHR. Not only does this ensure compliance with HIPAA, but it also makes it easier to use by reducing the amount of data entry.
It offers 256-bit AES encryption. Also, multinodal solutions have less security and require multiple connections to be secure, making it difficult to verify their security.
Its product suite includes clinical analytics, financial analytics and operational analytics
With its cloud-based EHR platform, Azalea has expanded its offering to include health data insights, revenue cycle management, and data insights.
Combined, these capabilities will give Azalea better access to data about its customers and their practices.
The company is cloud-based and delivers tangible value to customers with faster implementation, the lower total cost of ownership, and improved user experience. Also, its dashboardMD analytics application provides clinical information to clinicians and patients.
It has acquired dashboardMD
Healthcare IT company Azalea Health has acquired dashboardMD. The cloud-based software allows healthcare providers to get actionable insights from their EHRs.
This translates into improved patient care and higher financial performance. Rather than, the acquisition will merge the two companies’ respective teams.
CIBC Innovation Banking has announced a $30 million credit facility to support Azalea Health’s recent acquisition of dashboardMD. The company plans to use the money to help its clients improve their patient care.
DashboardMD is a cloud-based provider of business intelligence reporting solutions and healthcare analytics.
Instead, the company has an impressive list of available positions, ranging from sales to engineering and client success. This acquisition could open up a host of new opportunities for the company.
It has partnered with ChartSpan Medical Technologies to deliver a turn-key managed service for Chronic Care Management
ChartSpan’s team of experts works as an extension of your practice, helping you improve your MIPS scores and achieve better outcomes. Also, the firm’s direct data feeds ensure everything stays in your EHR system.
The integrated platform, called CareCloud Wellness, enables health care providers to easily implement a turn-key managed service for chronic disease management.
It integrates with most EHRs and practice management systems. Therefore, early trials have shown that providers have increased collections, decreased accounts receivable days, and achieved a 90 percent customer satisfaction rate.
