24 August 2023 | Thursday | News
Image Source | Public Domain
-Zivian Health, Inc., the first and only healthcare SaaS platform that empowers compliant collaborations between nurse practitioners (NP) and physician assistants (PA) to physicians, today announced it has secured $3 million in funding led by Wireframe Ventures, Crosslink Capital and NextView Ventures, three prominent VC funds focused on investing in mission-driven, category-defining companies. The funding fuels Zivian Health’s expansion of its collaboration platform to any healthcare organization that connects NPs and PAs to physicians, creating a collaboration audit trail and an outsourced compliance and workforce management system to all 50 states across the U.S.
Zivian Health secures $3 million in funding for first SaaS platform to expand compliant collaborations to medical enterprises, insurers and telehealth companies.
Funding was oversubscribed due to market demand from health enterprises, insurers, telehealth companies and individual providers for a SaaS compliance engine to help advanced practice providers. More than 20 healthcare organizations have already signed up to the platform, growing the number of licenses Zivian Health is managing to more than 2,500 in less than 10 months. As part of its expansion, Zivian Health now supports not only primary care practices, but also specialty care throughout the country, including women's health and behavioral health.
"We are inspired to have the support of investors aligned with our mission and vision to build a better future in healthcare," said Rafid Fadul, Zivian Health's co-founder and CEO and a respected pulmonologist. "Their guidance and insight are critical as we scale and deliver significant value to healthcare enterprises on the frontlines of solving the healthcare pressures plaguing our nation.”
The US Bureau of Labor Statistics (BLS) shows there will be more than 2 million openings in healthcare annually, which is a growth of 40% and much faster than the average for all other occupations. Zivian Health eases some of the staffing shortage pain points by providing easy access to collaborating physicians in every state, get medication prescriptions approved and sign off on treatment plans that meet state regulatory guidelines. The solution also gives physicians the opportunity to still do meaningful clinical work but take a break from stressful patient-facing care.
“Healthcare compliance is complicated by the patchwork of requirements that vary state to state, so we have come to rely on Zivian Health’s compliance engine to ensure compliant collaboration between NPs and physicians,” said Gayle Christianson, Vice President of Operations for Evernow, a company focused on helping women live longer, healthier lives by tackling commonly overlooked health issues, such as menopause treatment. “Our partnership with Zivian has given us roots and wings to scale as we empower our NPs with a smooth collaboration process.”
Zivian Health is the most cost-effective and only platform to help healthcare organizations stay compliant with physician collaborations, including tracking licensures, compiling comprehensive state and local regulations databases, and creating an audit trail of meeting minutes and chart reviews. Zivian brings together physicians who have been vetted consistent with NCQA standards and a cutting-edge compliance engine to provide clinicians and healthcare organizations with an all-in-one solution for efficient long-term collaboration.
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