What is Avisena?
Founded in 2001 and headquartered in Miami, Florida, Avisena specializes in providing a proprietary Internet-based solution for revenue cycle management. The company assists healthcare providers in optimizing collections and reducing operational costs through its physician management information system, advanced claims processing, and efficient back-office services. Avisena's technology-driven approach addresses the complexities of the reimbursement environment, which is increasingly influenced by government regulations and evolving health insurance payment rules. The company's solution is designed to replace traditional in-house billing and external medical billing companies, typically resulting in a 10-20% improvement in collections and boasting a customer retention rate of approximately 90%. With 220 employees, Avisena's infrastructure is housed at the secure Terremark/NAP of the Americas facility.
How much funding has Avisena raised?
Avisena has raised a total of $516K across 1 funding round:
Series G
$516K
Series G (2015): $516K, investors not publicly disclosed
What's next for Avisena?
The recent major strategic investment signifies a pivotal moment for Avisena, likely enabling further expansion of its technology platform and market reach. This capital infusion is expected to bolster its competitive edge against traditional billing methods and solidify its role in helping healthcare providers navigate the intricate financial landscape. Avisena's focus on improving collections and reducing costs positions it for continued growth in the healthcare technology sector.
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