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. MultiPlan is a trusted partner to over 700 healthcare payors in the commercial health, government and property and casualty markets.Abacus Insights’ data platform standardizes, curates and enriches valuable healthcare data that is currently sitting idle, moving it out of restrictive silos, and securely into the cloud. Leveraging sophisticated technology, data analytics and a team rich with industry experience, MultiPlan interprets clients’ needs and customizes innovative solutions that combine its payment and revenue integrity, network-based and analytics-based services. MultiPlan is committed to helping healthcare payors manage the cost of care, improve their competitiveness and inspire positive change. For more information, please visit or connect with us on LinkedIn or Twitter MultiPlan We allow health plans to fulfill a critical role in ensuring that when a member visits the doctor’s office, lab, pharmacy, specialist, hospital and even at home - the care provider always knows who they are, creating an “n-of-1” experience for all. Today, Abacus Insights with its health plan clients manage data for more than 21 million unique members and 15 million consumers. SVB Securities acted as exclusive financial advisor to Abacus Insights.Ībacus Insights enables health plans to offer a seamless, personalized care experience for members by reconciling thousands of unique attributes about individual consumers and their health that legacy systems simply cannot. The financing brings the Boston-based company’s total venture backing to $81 million. The Series C 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. MultiPlan shares our belief that better data means better care, and this investment represents an important step in achieving our goal to make healthcare more personalized and cost-effective for every individual.”Ībacus’s comprehensive technology platform enables healthcare payors to achieve and accelerate initiatives across their core priority areas, including value-based care, member engagement and digital transformation. We are proud to partner with MultiPlan given their leadership position in data and analytics serving nearly every payor in the country. Payors also use the platform to drive efficiency in their business which further lowers costs for their members. “Doing so empowers consumers to make better health choices and physicians to make more informed treatment decisions. Minal Patel, founder and CEO of Abacus Insights. “This new funding validates our company’s mission, which is to help health plans liberate health data,” said Dr. 406 Ventures, Horizon Healthcare Services Inc., and Echo Health Ventures. MultiPlan is joined in this investment by returning investors Blue Venture Fund, CRV. The latest round was led by new investor, MultiPlan Corporation (NYSE:MPLN) (“MultiPlan”), a leading value-added provider of data analytics, cost management, and payment and revenue integrity solutions to the U.S. The company’s cloud platform enables a broad array of critical payor functions including interoperability, risk adjustment, population health, and managing mulitple vendor integrations, reconciling thousands of unique attributes per patient to create a more personalized healthcare experience for their members.īOSTON–(BUSINESS WIRE)– #healthcare- Abacus Insights, a leader in data management and interoperability solutions for healthcare payors, announced it has raised a $28 million Series C round from new and returning investors.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |