Columbus health IT company Aver raises $27M

Aver Inc., which makes data analytics software for more standardized pricing of medical procedures, has raised $27 million to spur even faster growth.

Cox Enterprises led the round with participation from returning investors Drive Capital LLC, Heritage Group, Hearst Ventures and NCT Ventures. Columbus-based Drive moved Aver to Columbus in 2014 from Green Bay, Wisconsin.

So-called “bundled payments” have been gaining ground in health plans. Based on analysis of vast numbers of cases, a bundle can set a price for a knee replacement as a single care episode, rather than fragmented charges for the implant, the operating room, the doctor, the gauze and so on.

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Story excerpt provided by Columbus Business First.

Written by Carrie Ghose.

Originally published January 17, 2020.

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