Healthtech software company Azalea Health offers healthcare providers solutions to help lessen the hassles involved with running their own practice, particularly those operating out of rural and community settings. Aiming to save its customers time to provide top-tier patient care, Azalea is building out its platform capabilities. The company announced Thursday a $30 million credit facility from CIBC Innovation Banking to do just that.
Azalea’s SaaS platform provides practices, clinics, community hospitals and health systems with electronic health records (EHR) decked out with telehealth capabilities, revenue cycle management and mobile health solutions. Essentially, Azalea’s healthcare management and medical billing solution connects the clinical and financial sides of a practice, according to the company’s website.
Additionally, since its platform is entirely cloud-based, Azalea aims to provide its customers with lower total costs, shortened implementation times, better configurability and a smoother user experience than they would get with traditional on-premise solutions. The company’s ultimate goal is to empower underserved providers with a health IT platform that improves patient care and profitability.
Azalea also announced its acquisition of data analytics company dashboardMD last month. The money from Azalea’s new credit facility will go toward closing the acquisition. DashboardMD develops integrated operational, financial and clinical analytics solutions geared toward things like improving care management and enabling more efficient use of resources.
“Incorporating dashboardMD’s analytics capabilities in our clinician-friendly EHR will empower providers to better manage clinical quality measures and have enhanced visibility into their revenue,” Baha Zeidan, Azalea’s CEO, said in a statement. “We couldn’t be happier that dashboardMD recognized Azalea as the EHR best positioned to advance the healthcare analytics space and help the medical field take a significant step forward through our unique joint offering, and are grateful to have CIBC’s support to bring this acquisition to a close.”
Following the acquisition, the dashboardMD team will join forces with Azalea. DashboardMD’s president and CEO Jose Valero will join Azalea’s leadership team as director of analytics for Azalea Insights.
As it continues to grow, Azalea currently lists over a dozen available positions based out of its Atlanta headquarters with roles spanning client success, engineering, sales, UI design and more.
