Apixio

Apixio

AI-driven healthcare analytics platform

About Apixio

Simplify's Rating
Why Apixio is rated
B-
Rated D+ on Competitive Edge
Rated A on Growth Potential
Rated B on Rating Differentiation

Industries

AI & Machine Learning

Healthcare

Company Size

201-500

Company Stage

Series D

Total Funding

$35.1M

Headquarters

San Mateo, California

Founded

2009

Overview

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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Significant Headcount Growth
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Simplify's Take

What believers are saying

  • AI-driven predictive analytics are gaining traction, enhancing Apixio's service offerings.
  • The demand for AI solutions in healthcare is projected to grow significantly by 2026.
  • Apixio's partnership with Vim enhances real-time insights at the point of care.

What critics are saying

  • Integration with existing EHR systems may face resistance from healthcare providers.
  • The healthcare analytics market is becoming increasingly competitive with new entrants.
  • Data privacy and security concerns could lead to regulatory challenges for Apixio.

What makes Apixio unique

  • Apixio uses AI to automate coding and auditing, improving efficiency and accuracy.
  • The company offers centralized patient health profiles for better data-driven insights.
  • Apixio's platform supports risk adjustment and payment integrity for healthcare organizations.

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Funding

Total Funding

$35.1M

Below

Industry Average

Funded Over

3 Rounds

Series D funding is typically for companies that are already well-established but need more funding to continue their growth. This round is often used to stabilize the company or prepare for an IPO.
Series D Funding Comparison
Below Average

Industry standards

$77M
$19.3M
Apixio
$50M
Hello Fresh
$70M
Twilio
$80M
Handshake
$100M
Affirm

Benefits

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

Growth & Insights and Company News

Headcount

6 month growth

↑ 22%

1 year growth

↑ 22%

2 year growth

↑ 22%
Whatech
May 4th, 2024
Healthcare Analytics Market Insights, Forecast to 2031 In The Latest Report

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.

Hit Consultant
Apr 9th, 2024
Apixio Partners With Vim, Bringing Ai Insights To The Point Of Care

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

News Journal
Apr 9th, 2024
Apixio Partners With Vim to Deliver AI-Powered Insights at the Point of Care

Apixio partners with Vim to deliver ai-powered insights at the Point of Care.

AiThority
Mar 18th, 2024
Apixio Launches Health Data Nexus, Unifying Health Data with AI-Powered Insights for the Enterprise

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.

PYMNTS
Mar 15th, 2024
$3 Billion Healthtech Merger Aims To Cure Late Payments

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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