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Centene acquires First Analysis portfolio company Apixio to help extract insights from digital data to help millions of individuals receive higher quality care worldwide.
FREMONT, CA: Centene acquires First Analysis portfolio company Apixio, a healthcare analytics firm offering artificial intelligence technology solutions. Powered by its cognitive computing platform, Apixio brings advanced data to healthcare by analyzing previously trapped unstructured medical record data, offering healthcare payers and providers valuable insights.
Apixio's computing platform is developed on insights from analyzing millions of patient charts. Its HCC solution mines medical charts and Medicare-reported chronic condition information to more efficiently and accurately analyze patient risk scores than conventional chart review methods. HCC allows more targeted care delivery and assists Medicare set payer and provider payment for patients enrolled in Medicare Advantage, offering more cost-effective high-quality care.
With Centene, Apixio can accelerate the use of its AI technology to enhance how healthcare is measured, administered, and delivered and to help allow discoveries. The partnership positions Apixio to extract insights from digital data to help millions of individuals receive higher quality care worldwide.
First Analysis has a long tradition of researching, advising, and investing in healthcare technology companies. First Analysis appreciates having had the opportunity to be part of the Apixio story. Apixio is a great example of how a strong team addressing a vital need in the healthcare ecosystem can create great outcomes for investors, patients, and broader society. Apixio will remain an operationally independent entity as part of Centene's Health Care Enterprises group.
First Analysis is a pioneering venture capital investor. First Analysis capitalizes mainly on North America, focusing on sectors of expertise: technology/SaaS, healthcare, and environmental technology. The company helps established firms become profitable leaders in markets, funding growth plans, and management in areas including strategy, sales, recruitment and marketing, and corporate development.