NewYork-Presbyterian Invests in Avizia Telemedicine

NewYork-Presbyterian, the largest hospital group in New York, has invested in a $6 million round in Avizia, a Virginia-startup developing telemedicine solutions for hospitals.

The investment was made with venture capital firm HealthQuest Capital, which led the $6 million round.

Avizia is redefining healthcare with the only end-to-end telehealth platform that combines industry-leading video devices with software solutions to streamline care coordination, provider collaboration, and patient engagement. Avizia is being used by 8 of the top 10 healthcare networks in the U.S.

In recent years, NewYork-Presbyterian has been at the forefront of delivering video consulting services and reshaping the future of patient care. The hospital system is using telehealth technology to dramatically reduce emergency room wait times and power their telestroke peer-to-peer physician consult program, among other innovative practices. With this investment NewYork-Presbyterian will expand its role in advising Avizia on the enhancement of its comprehensive platform to assist healthcare providers to increase access to care, improve quality of care, and lower the cost of care through technology-enabled services.

“This investment represents an important step forward for NewYork-Presbyterian and our digital health offerings,” said president and CEO of NewYork-Presbyterian, Dr. Steven J. Corwin. “We look forward to collaborating with Avizia and bringing the next generation of healthcare technology to patients in New York and around the country.”

Each year, nearly 29,000 NewYork-Presbyterian professionals deliver care to more than 2 million patients.