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Industries
AI & Machine Learning
Healthcare
Company Size
201-500
Company Stage
Series D
Total Funding
$35.1M
Headquarters
San Mateo, California
Founded
2009
Apixio operates in the healthcare analytics field, focusing on improving how healthcare data is used by health plans and providers. The company utilizes artificial intelligence and machine learning to analyze the vast amounts of clinical documents generated each year, which often go underutilized. Apixio's platform automates the coding and auditing processes, making them faster and more accurate compared to traditional manual methods. This allows healthcare professionals to concentrate on more complex tasks, enhancing overall operational efficiency. Apixio specializes in risk adjustment, helping health plans predict healthcare costs and secure appropriate funding for their members. By providing actionable insights, Apixio aims to improve patient care and financial performance for its clients. The company generates revenue by offering its AI-driven analytic services to healthcare organizations, and it also provides demonstrations to showcase the benefits of its technology.
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Total Funding
$35.1M
Below
Industry Average
Funded Over
3 Rounds
Industry standards
Compensation - Competitive salary, 401k match, and stock options
Health insurance - Exceptional medical, dental, and vision coverage
Career development - Annual stipend for professional events and education
Health & Wellness - Annual stipend for health and wellness programs
Time off - Generous vacation policy, paid holidays, and parental leave
Grub - Catered lunches, healthy snacks, and refreshing drinks
Commuter benefits - Free parking, pre-tax transit benefits, and shuttle service
Events - Team parties, outings, employee recognition, and happy hours
For instance, in August 2022, Apixio launched Apicare ChartSpace, an AI-powered health data management solution that provides real-time access to centralized medical charts, accelerates chart retrieval and audit file access, and facilitates the identification of actionable insights for value-based care programs.
What You Should Know:– Apixio, a healthcare data and analytics company, and Vim, a point-of-care connection platform, have joined forces to significantly enhance patient care through a strategic partnership.– The strategic collaboration focuses on improving the accuracy of capturing patient conditions during visits and empowering healthcare providers with real-time insights.The Challenge of Prospective Risk AdjustmentThe healthcare industry is undergoing a critical shift towards prospective risk adjustment models. This approach aims to assess patient health risks more precisely and proactively, allowing for improved care management and financial outcomes. However, seamless integration of these insights into electronic health record (EHR) systems and efficient delivery to clinicians remain significant challenges.Apixio’s Prospective Point-of-Care SolutionThis partnership introduces Apixio’s Prospective Point-of-Care solution, designed to overcome these challenges and exceed traditional EHR alerts. Here’s how it achieves this:AI-powered Insights: Apixio leverages its expertise in extracting valuable insights from both structured and unstructured patient data (including medications, labs, reports, and notes).Apixio leverages its expertise in extracting valuable insights from both structured and unstructured patient data (including medications, labs, reports, and notes). Vim’s Bi-directional EHR Integration: Vim’s advanced technology seamlessly integrates these insights directly into the point-of-care workflow. This ensures up-to-date and accurate diagnoses are captured within the EHR, minimizing administrative burden for clinicians and promoting accurate coding."We're excited with our platform-to-platform partnership with Vim to advance toward an outcomes-based healthcare system
Apixio partners with Vim to deliver ai-powered insights at the Point of Care.
With the introduction of Health Data Nexus, Apixio is expanding its health data infrastructure to payers and providers, enabling them to unlock new opportunities for enhancing efficiency and effectiveness across their operations.
New Mountain Capital is reportedly combining three HealthTech firms in a $3 billion deal. The merger is designed to employ artificial intelligence (AI) to help improve payments from health plans to providers, Bloomberg reported Thursday (Sept. 5). According to the report, the deal will bring together three companies from New Mountain’s portfolio: The Rawlings Group, Apixio’s payment-integrity business, and a newly acquired firm called Varis. The combined group is valued at more than $3 billion, sources familiar with the matter told Bloomberg
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Industries
AI & Machine Learning
Healthcare
Company Size
201-500
Company Stage
Series D
Total Funding
$35.1M
Headquarters
San Mateo, California
Founded
2009
Find jobs on Simplify and start your career today