integrated medical solutions provider Azalea Health 15 this month announced the completion of $10 million 500 thousand B round of financing, by the growth of private equity group Kayne Partners lead investor, existing investors Intersouth Partners with the cast. In addition, Kayne Partners partner Nishita Cummings will join the board of Azalea Health. The company plans to use this financing to promote the company’s growth, and strengthen the company’s business through acquisitions.
Azalea Health was founded in 2008, headquartered in Atlanta, is committed to providing customers with integrated technology, medical solutions, including the integration of electronic health records (EHR), business management, electronic prescription, interactive services, personal health records, patient information portal system Azalea M mobile platform. In addition, the company also for a variety of size and the most professional medical care service providing revenue cycle upgrade service (Revenue Cycle Performance). The company is focused on the lack of medical technical services on the traditional rural market, able to economic and efficient way to meet the needs of community and key medical institutions, including the federal health care center (Federally Qualified Health Centers) and rural health clinics (Rural Health Clinics) and related business doctor. In the United States, about 20% of the population living in rural areas, but only 10% of the medical practitioners. The difference between the supply and demand situation will have ways and means of health care service unique, is the common challenge to nurses and doctors and patients face, will eventually lead to significant increases in the cost of health care system. Azalea Health cloud technology, without the need for hardware and software management, can simplify the complexity of electronic health records technology, and reduce costs.
Azalea Health co-founder and CEO Baha Zeidan said: "we are very happy to have such a chance to cooperate with Kayne Partners, they are very concerned about the development of technology, and we are like-minded, important is their technology in the field of health information has a good performance. Now, hospitals and patients more than ever need such a tool, it can provide a strong return on investment, streamline workflow and easy to adopt and apply. With the focus of the reform of the payment system to pay attention to the results and reduce costs, medical institutions need a comprehensive end-to-end platform to support all aspects of its business."