Axial Healthcare, a Nashville, TN-based company that provides of advanced analytics solutions for health insurers, closed a $1.75m Series A financing.
Backers included BlueCross BlueShield Venture Partners and Sandbox Industries.
The company intends to use the funds to grow data partnerships and expand its advanced analytics capabilities, develop and launch the axialNetwork and axialConnect platforms with initial customers.
Led by Axial Healthcare Chairman & CEO, John Donahue, Axial Healthcare provides health insurers with analytics, network solutions, and a connected platform to improve clinical and economic outcomes for patients in pain. It engages acute and chronic pain patients and manages care plans episodically to improve outcomes, enhance the patient’s experience and eliminate expense.
The company is developing partnerships that will accelerate growth towards its next round of funding, which is anticipated in early 2015.
FinSMEs
03/09/2014