Risk adjustment data is becoming increasingly important in healthcare thanks to the US Affordable Care Act, which requires commercial health insurance plans to manage the data for their small group and individual plan members.
Bain Capital Ventures partner Jared Kesselheim said, “We are thrilled to partner with Apixio.
“The risk adjustment process is becoming essential to an increasing portion of the payor-provider landscape, and Apixio’s technology platform has the power to deliver unprecedented risk adjustment accuracy and automation, as evidenced by the customer traction they are seeing in the market.”
Last week Bain Capital Ventures joined New Enterprise Associates to back marketing business Captora with $22m through a Series B round.
NEA, which led the funding round, saw general partner Scott Sandell join the Captora board following the deal.
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