Azalea Health, an Atlanta-based provider of EHRs, practice management, and revenue cycle management solution has raised $10.5 million in funding. The Series B round was led by Kayne Partners with participation from existing investor Intersouth Partners.
Founded in 2008, Azalea fully integrates telehealth capabilities within its technology-enabled solutions platform, which includes integrated EHR, practice management, electronic prescribing, interoperability services, personal health records, patient portal, Azalea M™ mobile platform integrated with Apple® HealthKit and Revenue Cycle Performance™ services.
The startup will utilize to expand its footprint in rural markets that are traditionally underserved by healthcare technology. The company is able to cost-effectively meet the needs of community and critical access hospitals, including Federally Qualified Health Centers (FQHCs) and Rural Health Clinics (RHCs), as well as their associated physician practices.
Approximately 20 percent of the U.S. population lives in rural areas, but only 10 percent of U.S. physicians practice there. This disparity creates unique healthcare access and delivery challenges for patients, caregivers and physicians ultimately resulting in significant costs to the healthcare system.
“Now more than ever, hospitals and physicians need tools that deliver a strong ROI, streamline workflow, and are easy to adopt and use,” said Baha Zeidan, Azalea Health CEO and Co-Founder. “With payment reforms focused on achieving outcomes and lower costs, healthcare organizations require a comprehensive end-to-end platform that supports every aspect of their practice.
