Talix, Inc., a San Francisco, CA-based subsidiary of Healthline Networks and provider of patient risk management solutions for healthcare, announced it will spin off as an independent company and receive $14m in funding.
Backers included Phil Dur, representing Investor Growth Capital; Richard Harroch, VantagePoint Capital Partners; Kevin Brown, Reed Elsevier Ventures; and Mike Barber, General Electric Equity.
The company will use the funds to grow its core risk adjustment product, Coding InSight, and support development of future applications in its planned suite of patient risk management products powered by its proprietary HealthData Engine.
Led by Dean Stephens, Chief Executive Officer, Niraj Katwala, Murray Brozinsky, and Derek Gordon, Talix provides Coding InSight, a SaaS-based patient risk management solution for healthcare organizations to turn structured and unstructured health data into actionable insights that drive risk adjustment and patient outcomes.
The company had been formed as a wholly owned subsidiary of Healthline Networks in January 2015.