Redox

Redox

Healthcare data integration and interoperability platform

About Redox

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

Industries

AI & Machine Learning

Healthcare

Company Size

201-500

Company Stage

Series D

Total Funding

$90.5M

Headquarters

Madison, Wisconsin

Founded

2014

Overview

Redox Engine provides a platform that connects healthcare products, Electronic Health Record (EHR) systems, providers, and payers, enabling data access and sharing across the healthcare ecosystem. This platform allows healthcare product teams to integrate with EHR systems, while providers and payers can access vital patient data to improve care and make informed decisions. Redox operates on a platform-as-a-service model, charging clients for access to its services. The company also offers guidance on healthcare technologies, including artificial intelligence and the Fast Healthcare Interoperability Resources (FHIR) standard.

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Simplify's Take

What believers are saying

  • Partnership with Snowflake enhances AI and machine learning capabilities for healthcare data.
  • New CEO Trip Hofer brings experience in scaling companies for growth and expansion.
  • Increased adoption of RPM technologies creates opportunities for improved patient outcomes.

What critics are saying

  • Epic Systems' dominance in EHR market limits Redox's market opportunities.
  • CEO transition may lead to strategic shifts affecting company performance.
  • Dependency on Snowflake's performance poses a risk to Redox's success.

What makes Redox unique

  • Redox offers a full-service integration platform for secure healthcare data exchange.
  • The platform connects EHR systems, providers, and payers, enhancing interoperability.
  • Redox provides resources on AI, machine learning, and FHIR for healthcare innovation.

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Funding

Total Funding

$90.5M

Below

Industry Average

Funded Over

7 Rounds

Notable Investors:
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
$45M
Redox
$50M
Hello Fresh
$70M
Twilio
$80M
Handshake
$100M
Affirm

Benefits

Flexible Work Hours

Growth & Insights and Company News

Headcount

6 month growth

0%

1 year growth

0%

2 year growth

0%
Redox
Jan 16th, 2025
Take control of your data mappings with Config Modifiers

Redox, Inc. is excited to introduce Config Modifiers, the latest addition to its growing toolkit aimed at empowering you with robust self-service options.

Redox
Sep 24th, 2024
Enhancing flexibility with updates to translation sets

Redox, Inc. is excited to announce the latest updates to its translation sets feature-a key tool in the Redox dashboard that gives you more control and flexibility in managing codes and values.

Redox
Jun 25th, 2024
Elevating transparency with Log Inspector

Following Translation Sets, Redox, Inc. is thrilled to introduce Log Inspector, the latest addition to your expanding Redox integration toolbox.

Redox
Jun 3rd, 2024
Crush healthcare data silos: How Redox + Google Cloud unlock real-time insights for life sciences with AI

Redox seamlessly integrates with Google Cloud's suite of AI tools, including Vertex AI and Healthcare API.

Hit Consultant
May 24th, 2024
Redox, Snowflake Partner To Streamline Healthcare Data Exchange For Ai And Machine Learning

Redox, Snowflake Partner to Streamline Healthcare Data Exchange for AI and Machine Learning. by Jasmine Pennic 05/24/2024 Leave a Comment. What You Should Know: – Redox, a healthcare interoperability company, and Snowflake, the Data Cloud company, have joined forces to simplify the exchange of healthcare data.– This strategic partnership aims to revolutionize how healthcare organizations access and utilize patient data, ultimately leading to improved patient care.Unifying Legacy Systems for Seamless Data FlowThe collaboration leverages Redox’s expertise in unifying healthcare data from various sources, including legacy systems and disparate formats. This unified data stream is then delivered to Snowflake’s Healthcare Life Sciences Cloud in near real-time. This streamlined approach eliminates data silos and ensures a more comprehensive view of patient health information.Empowering Providers, Payers, and Digital Health with AI and MLBy making healthcare data readily available in Snowflake’s secure and scalable cloud environment, Redox and Snowflake empower various healthcare stakeholders. Providers, payers, and digital health organizations can leverage this data for advanced analytics powered by Artificial Intelligence (AI) and Machine Learning (ML).“The ability to quickly, easily, and securely access health data from a variety of systems is essential for uncovering meaningful insights that are required for better precision-based care and better member outcomes,” said Joe Warbington, Industry Principal for Healthcare at Snowflake

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