Moxe Health, a Madison, WI-based company that focuses on accelerating the exchange of clinical data between payers and providers has raised $5.5M in Series A financing led by Safeguard Scientifics. The company plans to use the funding to accelerate its hiring and sales efforts as well product expansion.
To combat a widening disconnect between insurers and healthcare providers, Moxe democratizes access to information.Founded in 2012, Moxe Health enables bi-directional flow of information between payers and providers. The company’s flagship product, Substrate, is an EMR integration solution connecting payers and provider networks, facilitating real-time data exchange among industry stakeholders. By integrating insurer data using industry standard processes, Moxe allows providers to incorporate claims, risk and other payer data into their own analytic efforts, allowing clinicians to better understand patient risks and deliver value-based care.
“The rules of healthcare are quickly being re-written, as technology presents an opportunity to facilitate more meaningful interactions between payers and providers,” said Dan Wilson, Moxe’s founder and CEO. “We enable workflows that are beneficial to both sides of the equation and focus on delivering patient health insights to providers while reducing administrative excess. We balance this by offering payers a cost-effective model for receiving clinical data, at a fraction of the standard market rate.”