Tuva Health, an open-source healthcare data platform, quietly launched on Thursday with $5 million in seed funding to help the startup grow.
New York City-based Tuva Health works with payers, healthcare providers, and pharmaceutical companies to provide normalization, data quality testing, and enrichment to transform claims and EHR datasets into analyzable data. We help you convert it to a table. The company's open source platform integrates with customers' data systems, giving them control over their data infrastructure. Created by a community of 1,500 health data experts, Tuva Health's platform helps the healthcare industry implement consistent, accurate analytics, is continuously improved by the community, openly shared, and data set. The company's customers include insurance company Oscar Health and women's health company Herself Health.
Tuva Health primarily focuses on cleaning messy data.
“There are no universal standards for coding and organizing health data, which makes it difficult to use,” Aaron Neiderhiser, CEO and co-founder of Tuva Health, said in an email. “For example, if a health system wanted to know how many patients received Tylenol on a particular day, it could use the raw data because it is often unorganized and stored in a variety of formats. Getting accurate answers is extremely difficult, and Tuva Health solves this problem by taking raw data, normalizing it, and transforming it into a standardized format that leads to actionable insights.”
The seed round was led by Virtue, with participation from Box Group, Y Combinator, and health tech angel investors.
“Healthcare organizations lacked a flexible, scalable, and transparent analytics solution to improve patient outcomes and increase operational efficiency,” said Virtue founder and CEO said Sean Doolan, a managing partner in a statement. “Tuva Health's model addresses this need and provides a comprehensive solution that meets the growing demand for innovation in healthcare. By leveraging an open source and community-centered approach, the company is a leader in the healthcare analytics industry. We are ready to lead the transformation and enable our stakeholders and partners to achieve greater efficiency and better outcomes in a transparent and trustworthy manner.”
Neiderhiser said the funding will allow Tuva Health to streamline product development for its platform, advance research and development, and explore further partnerships with health systems and pharmaceutical companies.
The launch of Tuva Health comes as the healthcare industry advances in data access, but many organizations still struggle to derive actionable insights from their data.
“This raw data is not useful for data analysis unless it is transformed (i.e. normalized and enriched),” Neiderhiser declared. “To harness the full potential of health data to drive improved healthcare delivery and patient outcomes, we must accelerate our focus on data transformation while continuing to advance advances in data interoperability. .”
Looking forward, Neiderhiser added that the company is focused on growing adoption of its open source platform and community while building its commercial business.
Photo: Feodora Chiosea, Getty Images
