NEW YORK--(BUSINESS WIRE)--Tuva Health, the world's first open-source healthcare data transformation platform, launched out of stealth today with $5M in seed funding. The company offers payers, providers, and pharmaceutical companies the ability to transform claims and EHR datasets into analytics-ready data tables via an open-source data model with built-in normalization, data quality testing, and enrichment. Tuva Health’s mission is to advance high-quality healthcare analytics by making data transformation open, transparent, and customizable, ultimately accelerating the identification of novel treatment pathways and improving care for patients.
The round was led by Virtue, with participation from Box Group and Y Combinator, and notable health tech angel investors. In a vast and expanding market like healthcare, the potential for growth is unparalleled. As the demand for data-driven insights and improved cost efficiency continues to rise, Tuva Health is well-positioned for significant expansion opportunities. This capital will enable continued growth, investment in commercial initiatives, and accelerated product development.
“Healthcare organizations have lacked a flexible, scalable, and transparent analytics solution to enhance patient outcomes and improve operational efficiency,” said Sean Doolan, Founder and Managing Partner of Virtue. “Tuva Health’s model addresses this need, providing a comprehensive solution that meets the growing demand for innovation in healthcare. By leveraging an open-source and community-centric approach, the company is poised to lead the transformation of the healthcare analytics industry, enabling stakeholders and partners to achieve greater efficiency and improved outcomes in a transparent, trusted manner.”
Healthcare companies are desperate to make use of their data for insights; however, they are also facing challenges like lack of resources and budgets needed to create and implement tools that will allow them to use their data effectively. Traditional “black box” solutions often hinder transparency, accessibility, and control over data. Tuva Health’s open-source platform integrates seamlessly with its customers’ data warehouses, offering organizations complete control over their data infrastructure without upfront costs. With an open, reusable standard used and created by a community of 1,500 healthcare data and analytics practitioners, Tuva Health is enabling the healthcare industry to move toward consistent, accurate analytics methods, benefiting from continuous community-driven improvements that are transparently refined and applied across datasets.
“Having worked in healthcare analytics for years, I’ve seen firsthand the challenges organizations face when trying to harness data to improve patient care and make business decisions,” said Aaron Neiderhiser, CEO and Co-Founder of Tuva Health. "Tuva Health’s open data model solves the transparency issues found in other platforms and encourages collaborative analysis, allowing organizations to take control of their data. With this, we are accelerating clinical research, evidence-based decision-making, and AI advancements all while reducing costs and increasing transparency.”
Unlike other data platforms, Tuva Health’s open-source platform allows customers and partners to continuously develop new methodologies to refine the model. As new methods and approaches are developed, the entire community reviews the methods for accuracy. Then as the methods are released into the open source, every customer and partner can immediately run them on their data. Leading organizations like Oscar and CareAbout Health have already integrated Tuva Health’s technology, and as a result, have reduced costs and increased control and transparency over their data.
“True tech companies in healthcare find we are solving the same problems over and over again,” said Mario Schlosser, Co-Founder and President of Technology of Oscar Health. “We believe it is necessary for us to collaborate — creating open-source solutions and improving data interoperability to make healthcare work better. Tuva does that, and is aligned to Oscar’s vision to turn healthcare into a consumer-driven market.”
About Tuva Health:
Tuva Health’s mission is to accelerate high-quality healthcare analytics for every organization in the industry. The company was founded on the belief that healthcare analytics should be open, accessible, and transparent. Using an open-source data model, Tuva Health empowers healthcare providers, payers, life sciences companies, and research institutions to take control of their healthcare data through more effective and efficient data management and transformation. Founded by Aaron Neiderhiser and Coco Zuloaga, former senior executives from Health Catalyst and Strive Health, Tuva Health aims to establish the open standard for healthcare data transformation and unlock the true potential of data to transform health and healthcare for every organization.
