Zus Health, a health-tech venture led by CEO Jonathan Bush, recently raised $40 million from Jazz Venture Partners, F-Prime Capital, Maverick Ventures and Andreessen Horowitz, known as a16z, to continue developing its health data platform.
The startup plans to use the funds to add unique data sources to its platform, along with workflow and referral solutions and integration pathways to enable healthcare providers to leverage external patient data and collaborate around a shared patient record.
Zus Hits A Home Run
The company’s most recent funding round was secured despite the challenges in the current market.
“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 a newly added Zus board member.
While the funding round was a home run for Zus, it’s not the first time the company has raised outside funding. In addition to the $40 million, Zus raised $34 million in Series A financing in 2021.
Other key statistics include:
- A current valuation of $190 million
- 54 employees
- Approximately 30 clients
- System provides access to data across more than 70,000 provider sites and 270 million patients
What Is Zus Aggregated Profile?
Zus Aggregated Profile (ZAP) provides a complete and actionable overview of a patient's healthcare information in a single location.
On a high level, ZAP aims to solve the problem of fragmented healthcare data, where providers frequently spend more time gathering patient data and entering it into their electronic health record (EHR) than with their patients delivering care. It’s a problem that’s long needed a solution.
With the platform, physicians, clinical staff and developers have access to an always-on network of healthcare insights, which saves customers a significant amount of time in their daily operations.
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Who Is Jonathan Bush?
Bush is not a newcomer to the healthcare space. In 1997 he co-founded Athenahealth, an ambulatory EHR software company, and remained with the company until he resigned in 2018.
In a recent interview with Fierce Healthcare Bush explained how the industry is at a crossroads.
“I believe that we've finally reached an inflection point in medicine where the information that providers would like to work off of is not just the information that they themselves have typed or the customers have typed into a survey form written onto a clipboard but, in fact, the whole truth about the patient," he said.
Aura Health: Another High-Growth Healthcare Company
With recent changes in federal law, anyone can invest in innovative healthcare startups like Zus Health along top venture capitalists. For example, Aura Health was founded by Forbes 30 under 30 recipients, and the company is pioneering a mental health and wellness ecosystem with 7 million community members and counting.
See more on startup investing from Benzinga.
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