Axial Healthcare Raises $1.75M For Population Health Analytics Platform

Nashville, Tennessee-based Axial Healthcare raised $1.75 million in a round led by BlueCross BlueShield Venture Partners and Sandbox Industries, which manage health accelerator Healthbox.  While the names are similar, Axial Healthcare is not to be confused with Mayo Clinic spinoff Axial Exchange.

“Over 100 million Americans find themselves in an episode of pain each year; sadly, this is one of the most frustrating patient experiences in healthcare and highly vexing for practitioners and payers as well,” Axial Healthcare CEO John Donahue said in a statement. “Axial Healthcare is committed to helping the patient in pain with care that makes sense and moves them forward in their recovery. The additional capital will allow us to improve the health of more patients, support more practitioners and partner with more health insurers.”

Axial Healthcare has developed three cloud-based platforms. The first, axialAnalytics, measures patient risk, clinical outcomes, and a practitioner’s performance during an episode of pain. The company has also developed axialNetwork, which measures pain management clinical outcomes, patient satisfaction and episode cost, and axialConnect, which is a patient engagement, monitoring and clinical decision platform...