US-based healthcare analytics technology provider HBI Solutions raised $12.6m on Monday in a series A round led by medical and health technology provider Wonders Information.
HBI provides predictive risk and analytic services for healthcare providers, payers and technology producers. The company’s technology can, for instance, help clinicians predict which patients are at a high risk of being hospitalised or developing costly medical conditions.
The funding will be used by HBI to grow its business in the US by investing in sales and marketing, while also entering international markets, utilising Wonders’ help to expand into China.
Eric Widen, chief executive of HBI Solutions, said: “With this current round of funding, we will provide new predictive models and performance management services to our current and growing client base.
“We started with predicting healthcare cost and utilisation, and we have now expanded our predictive risk model portfolio to accurately predict a patient’s risk of developing diabetes, hypertension, congestive heart failure, heart attack, cerebrovascular disease, [chronic obstructive pulmonary disease], and asthma.”