Moxe Health raised $5.5 million in a series A financing round led by Safeguard Scientifics. Moxe Health focuses on accelerating clinical data exchange between payers and providers.
Moxe's key product, Substrate, is an EMR integration solution that directly links payers and their provider networks. It allows providers to incorporate claims, risk and other payer data into their analytic efforts.
Moxe Health will use the financing round's proceeds for product expansion, hiring and sales efforts.
"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."