Bivarus, a startup providing patient-focused analytics, has closed on its first round of institutional funding of $1.9 million.
And execs didn’t have to go far to find a backer, securing funding from RTP-based Excelerate Health Ventures as well as other investors who were not identified.
Bivarus, which operates as a software-as-a-service provider, recently hired former Clinipace Worldwide executive David Levin as its chief executive officer, and the funding comes after Bivarus has enjoyed a surge in new customers.
The startup’s focus is to work with healthcare providers and organizations to better measure and analyze what it calls “the patient experience.”
“The market is well established, but has seen little innovation throughout the years. Physicians and nurses continue to express their frustration with tools that are overly focused on external benchmarking. It’s a market ripe for disruption,” said Gary Abrahams, managing partner of Excelerate Health Ventures. “We have talked with dozens of physicians and healthcare leaders who haven’t been well served by the status quo and are desperately searching for alternatives. With Bivarus, providers ‘in the trenches’ now have more precise data they can actually act upon to make appropriate improvements.”
Open jobs include software developers, sales people and managers.
