# Azalea Health Innovations

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/azalea-health-innovations

- Industry: Healthcare IT
- Headquarters: Atlanta, US
- Website: www.azaleahealth.com
- Total disclosed funding: $11M
- Latest round: Series B (Jul 15, 2016)
- Investors on record: 2

## About

Azalea Health Innovations, Inc. is a US-based company specializing in cloud-based Electronic Health Record (EHR) software and revenue cycle management (RCM) solutions aimed at enhancing operational efficiencies in healthcare settings.Founded in 2008 in Atlanta, US, Azalea Health Innovations, Inc. develops technology solutions for healthcare providers. The company, led by CEO Baha Zeidan, has completed five funding deals, with the latest being a Series B round in December 2022, raising USD 10.50 mn from investors including Kayne Anderson Capital Advisors and Intersouth Partners. This round marked a total capital raise of USD 10.50 mn to date.Azalea Health’s primary offerings center around its cloud-based Electronic Health Record (EHR) software and revenue cycle management (RCM) solutions, which are tailored for hospitals, clinics, and rural healthcare providers. The EHR system enhances clinical workflows by unifying patient data and streamlining documentation processes, allowing providers to focus more on patient care rather than administrative burdens. The platform reduces time spent on charting and improves care coordination by connecting inpatient and outpatient data in a single, easy-to-use interface. Additionally, Azalea’s RCM services are built on its expertise as a billing company, facilitating faster claims processing and reduced denial rates, thereby accelerating revenue collection for healthcare providers. The company primarily serves healthcare institutions across the United States, with a particular focus on rural health clinics, hospitals, and ambulatory practices, ensuring that even underserved communities have access to effective healthcare technology.Azalea Health generates revenue through a subscription-based model for its EHR and RCM services, providing clients with flexible pricing plans that cater to the unique needs of various healthcare settings. The company’s revenue structure facilitates ongoing partnerships with healthcare providers, enabling them to access essential software services while streamlining their financial and operational workflows. Clients typically enter into agreements to utilize Azalea’s flagship EHR platform alongside its RCM services, which improve financial performance by minimizing claims denials and expediting payment processing. This subscription model allows healthcare organizations to budget effectively for technology costs, essential for maintaining compliance and enhancing patient care standards. The company’s emphasis on tailored solutions for rural and community healthcare providers positions it to capture a significant market share in those areas, reinforcing its commitment to meeting the needs of its client base.Following the USD 45 mn syndicated debt financing arranged by CIBC Innovation Banking in December 2022, Azalea Health Innovations, Inc. plans to enhance its patient care solutions. The company is set to expand its offerings with new product launches aimed at improving healthcare delivery, although specific release dates have yet to be disclosed. Azalea is also targeting geographical expansion into new markets, particularly those underserved by healthcare technology, to broaden its reach and impact.

## Funding rounds

- Series B, Jul 15, 2016, $11M — Intersouth Partners, Kayne Anderson Capital Advisors

## Investors

- Intersouth Partners (https://capitalatlas.ai/funds/intersouth-partners) — Series B
- Kayne Anderson Capital Advisors (https://capitalatlas.ai/funds/kayne-anderson-capital-advisors) — Series B