Healthcare data exchange startup Moxe Health raises $25 million in growth funding from Trinity Capital.
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The company provides payers and healthcare providers with tools to share patient health record information. Moxe’s convergence products allow payers to enter insights into their providers’ EHRs.
Specifically for providers, the company offers digital releases of information products that automate medical record requests and give payers access to medical record search tools.
The company plans to use this investment to continue expanding its business.
“Moxe’s innovative technology has the potential to revolutionize the way health systems exchange data,” Lauren Cosentino, Trinity’s managing director of life sciences, said in a statement. “We look forward to partnering with Moxe’s management team and supporting the company’s continued growth.”
market snapshot
In 2022, the digital health information exchange platform secured $30 million in Series B funding round led by Piper Sandler Merchant Banking and Vensana Capital with participation from existing investors.
At the time, the company said it planned to use the investment to expand its team and advance its data exchange technology.
Interoperability in healthcare is a topic of great debate. Some experts note that several milestones are being reached, including the FHIR at Scale Taskforce (FAST) initiative to identify Fast Healthcare Interoperability Resources (FHIR).
Another company focused on interoperability is a startup Avaneer provides a network that uses blockchain and FHIR technology to enable secure data exchange between healthcare organizations.
Microsoft Cloud for Healthcare expanded its API services for healthcare in 2021. The Azure Healthcare API allows users to input health data and map it to her FHIR, making data easier to find and share.
