Bivarus Raises $2M

What does Bivarus do?

Bivarus, is a patient centered analytics company working with healthcare organizations for measuring and analyzing patient experiences. This company is the response to the healthcare professionals’ frustration  with existing patient satisfaction tools.  The company was born out of the academic research done around the experiences of the patients, which identified it as an integral factor to understand the outcomes of the patient. Patient experience proved to be an independent predictor of health outcomes when compared with other important elements of care such as safety and communication. Clinicians were frustrated by their inability to acquire the precise statistics and actionable data around the experience of the patients. Paper surveys were burdensome for the patients, they had low response rates and they were not actionable or timely. Clinicians then started discussing how they can improve this issue. They questioned whether they could obtain data in real time for immediate action or wait months, could they receive input about many questions, and at the same time reduce the response burden for every individual patient, could they develop a way of generating high quality data with statistical tests.

How much Bivarus was funded?

Bivarus raised $2M in undisclosed round on March 23, 2016.

Previous funding

• $375k on April 23, 2014
• $1.9M in Series A on January 30, 2015 from Excelerate Health Ventures

What is next for Bivarus?

The company plans to use the latest round of funding to continue the expansion of its product offerings and customer base. The company has plans to hire approximately 10 new employees locally in 2017, in marketing, sales and product engineering departments.

More about Bivarus

Bivarus was founded in 2010 by Seth Glickman. It has its headquarters in Chapel Hill, NC. The company brings an entirely new science of measuring patient experience with its cloud based analytics platform.