Aware Health Earns Funding for Orthopedic Value-based Care

Aware Health has closed a $3 million seed funding round to support value-based care in orthopedics. The funding will enhance the company's algorithms that assist clinicians in virtually diagnosing orthopedic conditions. Aware Health's diagnostic tools have helped 95% of patients with wear-and-tear conditions avoid surgery, offering an average 6.19x return on investment in lifetime healthcare cost savings for clients.

Aware Health is a Portfolio Company of Boomerang Ventures

Source: Becker’s Orthopedic Review

Aware Health closed a $3 million seed funding round to support value-based care in orthopedics, according to an Oct. 10 news release.

Four things to know:

1. The funding will support Aware Health and its algorithms to help clinicians in diagnosing orthopedic conditions virtually.

2. Aware Health also uses an artificial intelligence-driven platform to reduce healthcare costs and improve outcomes in musculoskeletal care.

3. Aware Health’s diagnostic tools have helped 95% of its patients with wear-and-tear conditions avoid surgery, and there is an average 6.19x return on investment saved in lifetime healthcare costs for clients.

4. Boomerang Ventures led the funding round, and other venture groups and investors participated.