Moxe Health

Overview

Moxe Health is a leading healthcare interoperability company that facilitates secure clinical data exchanges between healthcare providers and payers. Founded in 2012 by Dan Wilson, the company is based in Madison, Wisconsin. Moxe Health has successfully raised significant funds over the years, including a notable $30 million in Series B funding in 2022 led by Piper Sandler Merchant Banking and Vensana Capital. The platform integrates with major electronic health records (EHR) systems, aiming to streamline healthcare operations through efficient data sharing solutions.

Recent Developments

  • August 2024: Moxe Health was recognized by KLAS as a "Point of Light" for its work on improving efficiencies between providers and payers, mainly through collaborations with AmeriHealth and two leading health systems.
  • February 2024: The company secured a $25 million growth capital investment from Trinity Capital, announced at the end of February. This funding aims to advance Moxe's clinical data exchange capabilities and scale its operations.
  • February 2024: Moxe Health was highlighted for its ability to process and exchange data efficiently among healthcare stakeholders in a competitive landscape.
  • March 2023: The company partnered with notable players in the healthcare ecosystem to promote data interoperability and informed healthcare delivery, as reported by Fierce Healthcare.

Company Information

AttributeInformation
Founding Date2012
HeadquartersMadison, Wisconsin, United States
FounderDan Wilson
RevenueEstimated between $10 - $100 million
ProfitsNot publicly disclosed
Key InvestorsPiper Sandler Merchant Banking, Vensana Capital
IndustryHealthcare Interoperability, Health IT
Number of EmployeesApproximately 53

Early History

Moxe Health was founded in 2012 with a mission to streamline the healthcare information exchange landscape. The company quickly established itself as a pioneer in healthcare interoperability, integrating with various electronic health records systems to facilitate the seamless transfer of clinical data. Initially, it focused on creating a platform for automated retrieval and distribution of medical records, enabling healthcare stakeholders to operate more efficiently. The company's agility in adapting to evolving health information technology needs, combined with a secure API-first approach, set the stage for future growth and innovation.

Company Profile and Achievements

Moxe Health's business model centers around facilitating the efficient exchange of clinical data across the healthcare ecosystem. The company achieves this through its Clinical Data Clearinghouse platform, which offers automated chart retrieval, bidirectional data exchange, and robust interoperability solutions compatible with leading EHRs. Key achievements in Moxe's timeline include:

  • Series B Funding: Raised $30 million in 2022 to enhance technology and expand the team.
  • Partnerships: Collaborated with leading healthcare organizations and EHR vendors to improve clinical data interoperability.
  • Awards: Honored by KLAS for reducing friction and improving healthcare efficiencies.
  • Technological Advancement: Launched solutions that enable the integration of actionable insights into clinical workflows, facilitating data-driven healthcare decisions.
  • Growth: Expanded its network significantly, positioning itself as a leader in healthcare data exchange.

Current Operations and Market Position

Moxe Health continues to play a critical role in the healthcare industry by enabling seamless data communication between healthcare payers and providers. The company serves over 150 million US lives through partnerships with major health systems and national health plans. By leveraging APIs, Moxe facilitates real-time exchange and collaboration, streamlining operations and improving data accessibility for healthcare providers. As a small but influential player, Moxe maintains a competitive edge through its commitment to interoperability and innovative solutions that drive affordable healthcare.

Conclusion

Moxe Health has established itself as a vital player in the healthcare interoperability sector by emphasizing the secure, efficient exchange of clinical data. Its continuous innovation and strong funding foundation position the company well for future growth as it expands its technology and team. With a robust platform and an expansive network of healthcare partners, Moxe is likely to remain a key driver of change and integration within the healthcare data ecosystem, addressing the ongoing challenges of interoperability and data-driven decision-making.

References

  1. Crunchbase - Moxe Health
  2. Axios - Moxe Health Funding
  3. Moxe Health Official Website
  4. Business Wire on Moxe Health Funding
  5. Moxe Health News Releases
  6. Trinity Capital Press Release
  7. CB Insights - Moxe Health
  8. Fierce Healthcare on Moxe's Strategy
  9. Zippia - Moxe Health Company Profile
  10. LinkedIn Profile - Moxe Health