Apixio company logo

The profile is currenly unclaimed by the seller. All information is provided by CB Insights.

apixio.com

Founded Year

2009

Stage

Acquired | Acquired

Total Raised

$50.36M

About Apixio

Apixio applies big data technology to extract and analyze clinical unstructured and coded data using natural language processing and machine learning to derive outcomes and cost-related insights. Based in Silicon Valley, Apixio offers solutions that enable health plans and large provider groups to more accurately and efficiently determine member risk scores and receive appropriate value-based reimbursement.On November 9th, 2020, Apixio was acquired by Centene. Terms of the transaction were not disclosed.

Apixio Headquarter Location

1850 Gateway Dr. Suite #300

San Mateo, California, 94404,

United States

877-427-4946

Predict your next investment

The CB Insights tech market intelligence platform analyzes millions of data points on venture capital, startups, patents , partnerships and news mentions to help you see tomorrow's opportunities, today.

Research containing Apixio

Get data-driven expert analysis from the CB Insights Intelligence Unit.

CB Insights Intelligence Analysts have mentioned Apixio in 1 CB Insights research brief, most recently on May 3, 2022.

Expert Collections containing Apixio

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Apixio is included in 6 Expert Collections, including Artificial Intelligence.

A

Artificial Intelligence

8,694 items

This collection includes startups selling AI SaaS, using AI algorithms to develop their core products, and those developing hardware to support AI workloads.

V

Value-Based Care & Population Health

860 items

The VBC & Population Health collection includes companies that enable and deliver care models that address the health needs for defining populations along the continuum of care, including in the community setting, through participation, engagement, and targeted interventions.

C

Conference Exhibitors

5,302 items

H

Health Plans & Benefits Management

715 items

Companies developing or offering digital platforms and services, including online insurance marketplaces, data analytics for claims adjustment, benefits administration, and payments systems, that help make private health insurance more affordable, navigable, or transparent.

D

Digital Health

12,795 items

Technologies, platforms, and systems that engage consumers for lifestyle, wellness, or health-related purposes; capture, store, or transmit health data; and/or support life science and clinical operations. (DiME, DTA, HealthXL, & NODE.Health)

H

Health IT

2,230 items

This collection includes public and private companies, as well as startups, that market software solutions to healthcare provider organizations.

Apixio Patents

Apixio has filed 29 patents.

The 3 most popular patent topics include:

  • Electronic health records
  • Health informatics
  • Telehealth
patents chart

Application Date

Grant Date

Title

Related Topics

Status

3/13/2013

12/7/2021

Health informatics, Medical terminology, Healthcare quality, Health care, Health economics

Grant

Application Date

3/13/2013

Grant Date

12/7/2021

Title

Related Topics

Health informatics, Medical terminology, Healthcare quality, Health care, Health economics

Status

Grant

Latest Apixio News

09:03 ET Apixio's New Apicare AuthAdvisor Leverages Machine Learning, Predictive Decision-Making to Automate Approvals & Reduce ...

Mar 1, 2022

AI-Driven Solution Uses Historical Decision Data to Build Custom Data Model & Automate Approvals News provided by Share this article Share this article SAN MATEO, Calif., March 1, 2022 /PRNewswire/ -- Apixio, Inc ., the healthcare analytics company, today announced the launch of its new Apicare AuthAdvisor, which uses machine learning and predictive analytics to automate prior authorization decisions for payers. By leveraging historical decision data, AuthAdvisor automates approval for payers, medical benefits managers, and other vendors to deliver decisions within seconds rather than days, and reduces manual reviews by over 50%. According to the Council for Affordable Quality Healthcare (CAQH) , "the cost to complete a prior authorization remains the single highest cost for the healthcare industry at $13.40 per manual transaction and $7.19 per partially electronic web portal transaction." Not only is it costly, but it is also an administrative burden with manual reviews sometimes taking days or weeks, which delays patient treatments, creates obstacles to care, and potentially negatively impacts clinical outcomes. Apixio's AuthAdvisor solves these problems by automatically approving diagnostics and procedures based on historical data and decisions made by the provider and payer. "This is a new way to use data science to accelerate one of the most burdensome aspects of healthcare delivery," said Apixio CEO Sachin Patel. "AuthAdvisor relies on the accuracy of an organization's past decisions to process approvals, rather than relying on rules-based approaches that are tedious to maintain and often result in a high number of manual reviews. With AuthAdvisor, approvals are delivered at the speed and scale that today's high-performance healthcare environments demand." With Apixio's Apicare AuthAdvisor solution, organizations can: Drive cost savings by reducing the volume of unnecessary reviews with automated decisions driven by our AI models Fine-tune thresholds with user-enabled controls on a procedure-by-procedure basis Deliver immediate results by deploying into existing workflows through APIs Enhance provider and member satisfaction with timely feedback on requests "The AuthAdvisor system is transparent and customizable, giving payers and benefits managers the visibility and flexibility they need to feel confident in the decisions being made," Patel said. "The latest addition to our AI platform, this technology has the potential to not only save tremendous time and money, but also greatly improve care delivery and member satisfaction for millions of Americans." AuthAdvisor is already active in 16 states, automating authorization requests for over 4,000 different procedures. Apixio will be showcasing its value-based care platform, including Apicare AuthAdvisor, at both RISE National 2022 on March 7-9 in Nashville and HIMSS 2022 at booth #1579 on March 14-18 in Orlando. To learn more about the Apicare AuthAdivsor solution, visit www.apixio.com/apicare-authadvisor/ . About Apixio  Apixio is advancing healthcare with data-driven intelligence and analytics. Our Artificial Intelligence platform gives organizations across the healthcare spectrum the power to mine clinical information at scale, creating novel insights that will change the way healthcare is measured, care is delivered, and discoveries are made. Learn more at   www.apixio.com . MEDIA CONTACT:

  • When was Apixio founded?

    Apixio was founded in 2009.

  • Where is Apixio's headquarters?

    Apixio's headquarters is located at 1850 Gateway Dr., San Mateo.

  • What is Apixio's latest funding round?

    Apixio's latest funding round is Acquired.

  • How much did Apixio raise?

    Apixio raised a total of $50.36M.

  • Who are the investors of Apixio?

    Investors of Apixio include Centene, Bain Capital Ventures, SSM Partners, Candou Ventures and First Analysis.

  • Who are Apixio's competitors?

    Competitors of Apixio include HealthCrowd, Navina, Stellar Health, Carta Healthcare, CloudMedX and 12 more.

You May Also Like

P
Pervasive

Pervasive is focused on providing Power Line Communication (PLC) and control solutions for Smart GRID applications.

C
Cardio Access

Cardio Access offers clinical information management for patients born with congenital heart disease and focuses on supplying automated information systems. It is based in Fort Lauderdale, Florida.

Florence Healthcare Logo
Florence Healthcare

Florence Healthcare is a software that moves the hundreds of thousands of data points generated by a clinical trial from paper to computers, expediting the process and reducing the cost for pharmaceutical companies and care providers to foster change.

Medable Logo
Medable

Medable is a decentralized clinical trial software company. The company's Software-as-a-Service (SaaS) cloud platform aims to provide a path to secure, HIPAA-compliant healthcare applications for researchers, startups, pharma, payers, and academia. This platform allows for supporting patient engagement clinical applications, storing personal health information, and complying with HIPAA and other regulations. Medable aims to enable patient-generated data to drive clinical research, healthcare delivery, and personalized and predictive medicine.

Foresee Medical Logo
Foresee Medical

Foresee Medical seeks to offer an open platform, EHR vendor-independent, cognitive processing software solution that places data in the hands of providers and care teams to empower them to positively influence health outcomes.

E
Eclincloud

Eclincloud's clinical research cloud platform is an end-to-end seamless integration platform independently developed. Including electronic informed consent eConsent, electronic data collection EDC, random and drug management RTSM, electronic clinical outcome evaluation eCOA, clinical trial project management system CTMS, electronic trial master document management eTMF, risk-based monitoring system RBM, virtualized clinical research VirtualTrial, and more.

Discover the right solution for your team

The CB Insights tech market intelligence platform analyzes millions of data points on vendors, products, partnerships, and patents to help your team find their next technology solution.

Request a demo

CBI websites generally use certain cookies to enable better interactions with our sites and services. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. You can read more about your cookie choices at our privacy policy here. By continuing to use this site you are consenting to these choices.