AxialHealthcare, a Nashville, TN-based pain care solutions company, closed a $16.5m Series B round of financing.
The round was led by Oak HC/FT with participation from previous investors .406 Ventures, BlueCross BlueShield Venture Partners, and Sandbox Advantage Fund. In conjunction with the funding, Nancy Brown, Venture Partner at Oak HC/FT, joined Axial Healthcare’s Board of Directors.
The company intends to use the funds to drive expansion of its suite of pain management capabilities, including a cloud-based, provider decision-support platform for pain treatment.
Founded in 2012 and led by John Donahue, chairman and CEO, axialHealthcare provides pain medication and pain care management solutions which engage physicians, pain clinics and patients with coordinated care by applying advanced analytical insight, clinical evidence and consumer support. Its suite of pain management capabilities includes: predictive analytics; a decision-support platform that delivers pain population analytics, provider dashboard and content, network performance monitoring, and PharmD consultation for providers; and a mobile patient app for patients experiencing chronic pain.