Apervita

Apervita is a leading platform for value-based collaboration in healthcare transactions and relationships.

Apervita empowers payers and providers and other stakeholders to more efficiently and effectively measure clinical and financial performance, improve clinical quality, and administer value-based contracts.

Apervita was founded in 2012 by Paul Magelli. The company is headquartered in Chicago, Illinois, with an office in Boston, Massachusetts.

Apervita uniquely allows stakeholders to gain mutual, continuous clinical and financial insights and efficiencies by integrating with various existing systems and workflows simultaneously and at scale.

Apervita launched the industry's first cloud-based, integrated build, test and run environment for complex clinical algorithms. In serving The Joint Commission, the leading hospital accreditation organization, the company's solutions support a nationwide end-to-end digital quality program, currently empowering over 2,000 hospitals.

 

Apervita platform computes over 10 billion quality computations each year using digital measures such as The Centers for Medicare and Medicaid's electronic quality measures (eCQMs). Apervita is the first to receive certification from National Committee for Quality Assurance (NCQA) for clinical quality language (CQL) based execution of eCQMs.

 

Apervita is backed by Optum Ventures, Pritzker Group Venture Capital, Baird Capital, Math Ventures, Levy Family Partners, Illinois Venture, Wintrust and others. The company raised $22M from a latest round on Nov 12, 2019. This new round brings Apervita's total funding to $43.5M to date.

 

 

  • Year founded: 2012
  • Funding Info: $43.5M over 4 Rounds (Latest Funding Type: Growth Equity)
  • Yearly Revenue: $5M-$10M (2019)
  • Employee Size: 51-200
  • Business Valuation: NA
  • City/Town: Chicago
  • State: Illinnois
  • Country: United States
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