Annexus Health, a Wilmington, Del.-based provider of a financial assistance cycle management platform, closed a $10m funding round.
The round was managed by North Point Advisors.
The company intends to use the funds to expand its team across all ends of the organization and further optimize its financial assistance cycle management suite of products and services.
Led by Brad Frazier, Co-Founder, President, and COO, and Joe Baffone, Co-Founder and CEO, Annexus Health is a healthcare technology company, focused on providing a cloud-based financial assistance cycle management platform called AssistPoint to reduce administrative burdens across the patient journey to improve access, speed, and adherence to critical care.
Most recently, the company launched several integrations including BeiGene and Coherus Biosciences, Inc. and has several additional integrations launching soon, including Sanofi Genzyme, Amgen, and MorphoSys.
Furthermore, global pharmaceutical services company AmerisourceBergen recently announced the collaboration between Annexus Health and ION Solutions and IPN Solutions, two of the nation’s largest physician service organizations and GPOs focused on supporting independent, specialty-care providers. ION and IPN will now offer AssistPoint to its members which will support the exposure and utilization of the platform among community oncologists and other specialty physician practices nationwide.