Moxe Health, a Madison, WI-based company that focuses on accelerating the exchange of clinical data between payers and providers, raised $5.5M Series A financing.
Radnor, Pa.-based venture capital firm Safeguard Scientifics (NYSE:SFE) made the investment. In conjunction with the funding, Safeguard’s Managing Director, Gary Kurtzman, M.D., will join Moxe’s board of directors.
The company intends to use the funds to continue the Substrate product, as well as increase sales/marketing efforts.
Founded in 2012 by Dan Wilson, CEO, Moxe Health provides Substrate, an electronic medical record 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 understand patient risks and deliver value-based care.