Data exchange startup Moxe Health score $ 30M

Healthcare data exchange startup Moxe Health has raised 30 million in a series B funding round with the participation of existing investors led by Piper Sandler Merchant Banking and Vensana Capital.

Recently the company Announced an undisclosed investment led by 3M Ventures in early 2021.

What does this mean?

The company develops tools for sharing patient health record information. For providers, it offers digital releases of information products that automate requests for medical charts. Providers can access a chart retrieval tool and both can use Moxe’s Convergence products which allow providers to input their insights into the EHR for use.

The startup plans to use the investment to expand its team and advance its data exchange technology.

“We have a simple goal: to make patient records as simple as possible so that we can diligently digitize healthcare and how to pay for healthcare in this country. Collaboration, ”founder and CEO Dan Wilson said in a statement.

Snapshots of the market

Interactivity is a A perennial problem in healthcare, however, legal and technological advances as well as transformation into value-based care could create a turning point for data sharing.

Another startup focused on interoperability is Health Gorilla, which has announced that it has raised সি 50 million in Series C funding in March. Avaneer Health, which offers a network to allow secure data exchange between healthcare organizations using blockchain and FHIR technology, also raised $ 50 million in seed funds earlier this year.

In the meantime, the healthcare and life sciences-centric data-sharing ecosystem Datavant Scoop বি 40 million in Series B funding in 2020.

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