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

$96M

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 helps product teams link their products to EHR systems, allows providers to access diverse data for improved patient care, and assists payers in making informed decisions about coverage and payments. Redox operates on a platform-as-a-service model, charging clients for access to its services. Additionally, the company offers resources on healthcare trends and technologies, including artificial intelligence and the Fast Healthcare Interoperability Resources (FHIR) standard.

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Simplify's Take

What believers are saying

  • Redox's partnership with Snowflake enhances AI and machine learning data exchange.
  • Joining CommonWell Health Alliance boosts Redox's real-time data exchange capabilities.
  • Increased demand for RPM solutions could drive adoption of Redox's platform.

What critics are saying

  • Epic Systems' dominance in the EHR market poses a competitive threat to Redox.
  • Leadership transition to Trip Hofer may lead to strategic shifts or instability.
  • Dependence on partnerships like Snowflake and Google Cloud could pose risks.

What makes Redox unique

  • Redox offers a full-service integration platform for secure healthcare data exchange.
  • The company provides a user-friendly API for seamless healthcare system connections.
  • Redox's platform supports interoperability across EHRs, providers, and payers.

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Funding

Total Funding

$96M

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

-2%

1 year growth

0%

2 year growth

0%
Hit Consultant
Apr 2nd, 2025
Redox Joins Commonwell Health Alliance For Healthcare Data Interoperability

Redox Joins CommonWell Health Alliance for Healthcare Data Interoperability. by Jasmine Pennic 04/02/2025 Leave a Comment. What You Should Know: – Redox, a provider of healthcare data interoperability solutions, has announced its membership in CommonWell Health Alliance, a Qualified Health Information Network™ (QHIN™). – Redox brings a key advantage to CommonWell’s QHIN participants: real-time writeback for direct connections. This capability enhances data exchange and workflow efficiency.Expanding Access to Critical Healthcare Data:By joining CommonWell, Redox aims to empower a wide range of healthcare organizations, including:ProvidersPayersDigital health vendors/independent service providersEHRs (Electronic Health Records)Life Science companiesThis partnership will provide these organizations with broader and deeper access to real-time, critical healthcare data, facilitating improved care coordination and decision-making.Redox’s API: A User-Friendly Interoperability SolutionRedox offers a user-friendly and developer-friendly API, which presents an attractive alternative for customers who utilize network connections as part of their integration strategy. This API simplifies the process of connecting various healthcare systems.Streamlining TEFCA OnboardingOrganizations across the healthcare ecosystem can leverage Redox’s expertise in its 9,600+ healthcare integrations to facilitate quick onboarding to The Trusted Exchange Framework and Common Agreement™ (TEFCA™). Redox’s experience simplifies the complexities of TEFCA participation.“Our partnership with CommonWell provides an easier path forward for Redox customers who want to participate in TEFCA,” said Trip Hofer, CEO of Redox

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.

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