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Healthcare providers can now leverage external patient data in care and collaborate around shared patient records thanks to Zus Health's $40 million financing.
FREMONT, CA: "The Zus partnership will drastically accelerate Elation's ability to build out market-leading EHR solutions to support population health and value-based care initiatives," said Kyna Fong, CEO and co-founder of Elation Health. "Together, Elation and Zus are optimizing how external health data is synthesized within the EHR platform, which will support many of our key goals, such as reducing clinician burden, strengthening the patient-physician relationship, and driving primary care success."
Today, Zus Health, a cutting-edge platform for sharing health data that brings dispersed patient data right to the point of care, revealed that it has successfully concluded a $40 million fundraising round. Andreessen Horowitz and Jazz Venture Partners are among the investors. In order to enable healthcare professionals to utilize outside patient data in their care and collaborate around a common patient record, Zus will use this money to continue expanding its platform with new unique data sources, workflow and referral solutions, and connectivity channels.
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In addition, Elation Health, which supports millions of patients and is the fastest-growing digital platform for high-value primary care, is strengthening its own data collaboration tools by incorporating the Zus Aggregated Profile. To provide the finest level of care, clinicians will have real-time access to extended patient records from hospitals, clinics, labs, and pharmacies.
The current state of healthcare data is one of extreme fragmentation. Doctors frequently spend more time collecting patient data and entering it into their EMR than caring for patients. The lack of information mobility in the sector makes it impossible for providers to understand how and when their patients interact with the healthcare system. Zus is constructing a healthcare common. Patient data must be securely, swiftly, and precisely sent throughout the healthcare system to the appropriate location at the appropriate time for healthcare technology to live up to its promise of revolutionizing treatment delivery. Zus is ideally situated to meet these needs and enable the long-awaited collaborative healthcare ecosystem thanks to its connected data platform.
"We have found a critically important role for Zus as the common information ground behind the many great electronic medical records, CRMs, and patient care technologies that healthcare works with," said Zus CEO Jonathan Bush. "What has been long overdue is a vision of digestible, comprehensive patient information at the point of care, which Zus is uniquely situated to bring about."
The Zus Aggregated Profile, or ZAP, which stands for a single, comprehensive, and useable view of a patient's healthcare information, is the focal point of the Zus platform. The Zus platform, which works with the ZAP and is based on common patient record technology, has FHIR-native data storage and enables real-time, cross-provider insights into every patient. This platform saves users a significant amount of time in their everyday tasks. Today's successful healthcare businesses have demonstrated their ability to grow. The ZAP allows provider scalability by enabling users to service a bigger patient volume without sacrificing care quality or significantly expanding staff.
By enabling more informed, holistic care and fewer redundant tests and procedures, patient data access can also result in better health outcomes, higher patient comfort, and substantial savings for healthcare organizations, in addition to saving time for doctors, clinical staff, and developers. In the end, Zus wants to extend its platform to become the preferred resource for Americans' aggregated health records, replacing pages of unstructured data from PDFs and faxes with a network of healthcare insights that is constantly available.
"Zus's ability in this market to secure the capital and support they need to really scale their platform is a testament to the potential of the company to create the connective tissue for healthcare," said Andrew Firlik, Managing Partner at JAZZ Venture Partners and newly added Zus board member. "Healthcare has needed a shared patient record for decades at this point, and we believe Zus is our best hope to achieve this vision and help deliver on the promise of technology-enabled care."
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