Healthcare information trade startup Moxe Well being raised $30 million in a Sequence B funding spherical led by Piper Sandler Service provider Banking and Vensana Capital with participation from present buyers.
The corporate most just lately introduced an undisclosed funding led by 3M Ventures in early 2021.
WHAT IT DOES
The corporate makes instruments for sharing affected person well being report data. For suppliers, it provides its digital launch of data product that automates requests for medical charts. Payers also can entry a chart retrieval device, and each can use Moxe’s convergence product that permits payers to enter their insights into the EHR for suppliers to make use of.
The startup plans to make use of the funding to develop its staff and advance its information trade expertise.
“Now we have an easy goal: Make it as simple as attainable for the affected person data which have been diligently digitized to tell how we ship and pay for healthcare on this nation. Moxe eliminates administrative waste by evolving patient-centric interoperability and bettering payer-provider collaboration,” founder and CEO Dan Wilson stated in an announcement.
MARKET SNAPSHOT
Interoperability is a perennial downside in healthcare, however the transition to value-based care alongside legislative and technological advances could also be creating an inflection level for information sharing.
One other startup targeted on interoperability is Well being Gorilla, which introduced it had raised $50 million in Sequence C funding in March. Avaneer Well being, which provides a community utilizing blockchain and FHIR applied sciences to permit for safe information trade between healthcare organizations, additionally raised $50 million in seed funding early this yr.
In the meantime, healthcare and life science-focused data-sharing ecosystem Datavant scooped up $40 million in Sequence B funding in 2020.
