Abacus insights chicago series#

By establishing and maintaining secure connections to digital health applications, Abacus Insights enables health plans to become engines of healthcare innovation - providing accurate, reliable data used in everything from diabetes care management to wearables and wellness apps. Abacus’s connected and standardized platform enables health plans to integrate and share data with doctors’ offices, hospitals, urgent care clinics, pharmacies, dialysis centers and labs along with numerous digital health applications. It then combines and further enriches that data with hundreds of third-party data sources.

As a result, insurers, healthcare providers and patients are not benefitting from data in the way they should.Ībacus Insights’ data platform standardizes, curates and enriches valuable healthcare data that is currently sitting idle, moving it out of restrictive silos, and securely into the cloud. Legacy mainframe technology systems in place at many health plans have become a bottleneck. Helping Health Plans Become Engines of Healthcare Innovation This investment represents an important step in our goal to make healthcare deeply personal and local, creating an ‘n-of-1’ experience for all consumers.” We, and our health plan clients, share the belief that better data - means better care. We know that each and every data point in a person’s health record is meaningful. “Abacus Insights is a mission-driven company at the intersection of cloud computing, data and the discipline of healthcare. “Doing so allows consumers to make better health choices and physicians to make more informed treatment decisions.” Minal Patel, founder and CEO of Abacus Insights. “This new funding validates our company’s mission, which is to help health plans liberate health data,” said Dr. Sandbox is an independent company that provides healthcare-related investment management exclusively for the Blue Venture Fund. The Blue Venture Fund invests in promising, emerging companies of strategic relevance to Blue Cross and/or Blue Shield Plans and provides the portfolio with access to BCBS companies - representing 105 million members (one in three Americans) - to deploy innovation at scale. The Blue Venture Fund is a unique collaboration between BCBS companies, BCBSA and Sandbox to which thirty-six BCBS companies have committed over $800 million across four funds.

Abacus Insights’ cloud-based platform connects and unlocks that data and allows patients to receive more proactive, personalized care at a lower cost.” Today, however, the ability to view and responsibly make use of that data to improve healthcare is too often obscured by the silos in which the data resides. “Health plans play a leading role in this effort as the caretakers of the broadest spectrum of patient health data - across primary and specialty care, hospitals, pharmacy, labs and wellness programs.

“The COVID-19 pandemic has highlighted the critical importance of reliable health data in managing disease and patient care,” said Mike Spadafore, managing director of the Blue Venture Fund. The financing brings the under three-year old Boston-based company’s total venture backing to $53 million. The funds will be used to scale the business, accelerate the capabilities and connections of its technology platform, and add to its roster of technology talent. 406 Ventures, Horizon Healthcare Services Inc., and Echo Health Ventures, a strategic collaboration of Cambia Health Solutions and Mosaic Health Solutions. The latest round was led by new investor, Blue Venture Fund, and joined by returning investors CRV.

Abacus insights chicago series#

BOSTON-( BUSINESS WIRE)- Abacus Insights, a leading data integration and interoperability platform that enables health plans and their providers to create a more personalized healthcare experience for consumers, today announced it has raised a $35 million Series B round from new and returning investors.