Abacus Insights, a Boston, MA-based data integration and interoperability platform for health plans and their providers to create a more personalized healthcare experience for consumers, raised $35 in Series B funding.
The round was led by new investor Blue Venture Fund, and joined by returning investors CRV, .406 Ventures, Horizon Healthcare Services Inc., and Echo Health Ventures, a strategic collaboration of Cambia Health Solutions and Mosaic Health Solutions. The debt facility was provided by J.P. Morgan.
The funds will be used to scale the business, accelerate the capabilities and connections of its technology platform, and add to its roster of technology talent.
Led by Dr. Minal Patel, founder and CEO, Abacus Insights provides a data platform that standardizes, curates and enriches healthcare data moving it out of restrictive silos, and securely into the cloud. It then combines and further enriches that data with hundreds of third-party data sources. The connected and standardized platform enables health plans to integrate and share data with doctors’ offices, hospitals, urgent care clinics, pharmacies, dialysis centers and labs along with numerous digital health applications.