Blockchain built Avaneer Health network gets $50M boost from Aetna, Cleveland Clinic, others

Avaneer Health, a health network built on blockchain technology, has received $50 million in seed funding from healthcare organizations including Aetna, Anthem, Cleveland Clinic, and Sentara Healthcare. The network uses HL7’s FHIR specification to improve data access across healthcare organizations, focusing on payer-to-payer data exchange. The funding will be used to invest in talent and technology to expand the network nationwide and address inefficiencies in data exchange, which could save billions in healthcare spending. Blockchain technology is still in its early stages in healthcare but is seen as a potential solution for secure data exchange.