Avaneer Health, a fully interoperable, participant-based network developed for and by the healthcare industry, today announced several industry-leading organizations have committed a total of $50 million in seed funding to the venture. Within the U.S. healthcare system, persistent challenges continue to exist in achieving real, fluid data interoperability, which can result in inefficiencies.

Avaneer Health is a participant-based, inclusive and secure network designed for and by healthcare to drive efficiencies and optimize care for people across their lifetimes. Built on blockchain and FHIR technology, the Avaneer Health network provides access to the data needed for transparency and interoperability in healthcare. In addition to a robust marketplace designed for innovation, Avaneer Health offers solutions for payer-to-payer data exchange, eligibility, prior authorization, and more.