04 Sep Redox Gets $3M for Tools That Help Hospitals, App Makers Share Data
Redox, a Madison, WI-based startup that develops digital tools enabling healthcare applications to exchange data with patient health records systems, has raised $3 million in debt funding, according to a document filed with federal securities regulators.
Twelve investors participated in the financing round, according to the document. Redox has raised more than $15.8 million in equity and debt funding since launching in 2014, SEC filings show. Its backers include .406 Ventures, Flybridge Capital Partners, HealthX Ventures, and Intermountain Healthcare, according to previous company announcements.
Redox’s core product is an application programming interface (API) that lets healthcare applications move information into and out of patients’ electronic health records. The API is a set of software tools aimed in part at improving interoperability. That term refers to the seamless flow of patient data from one healthcare provider to another, and between providers and outside applications. In recent years, as electronic medical records systems have proliferated, interoperability has become a key goal for healthcare software companies, hospitals and clinics, and other industry stakeholders. It’s not always easy to achieve.
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