Babel Health provides health plans with a SaaS transactional and data management platform to manage risk adjustment submissions and encounter data for Medicare, Medicaid and ACA programs. The platform and services aim to simplify a complex process and give plans access to data to solve business problems inherent to risk adjustment. The company is led by President & CEO Robert Dunn and is based in Pittsburgh, PA. Over the prior 12 months the company reported growth of clients and key hires. Babel Health intends to use the new funding to further invest in its software and services platform, maintain sales and delivery momentum, and acquire additional talent. The financing builds on the company’s recent commercial progress. Babel Health provides an integrated suite of risk adjustment software and services to health plans. Its integrated SaaS ETL data management platform gives health plans control tools of the underlying data for business insight and day-to-day decision making across all lines of business. Co-founded in late 2014 by Oron Strauss and Mark Tobias and later joined by CEO Robert Dunn, the company is based in Pittsburgh, PA. Babel closed a $1.5M bridge funding round to support ongoing product development and to accelerate sales and marketing. The round was led by Mark Pacala, who joined Babel’s Board of Directors, and included backers Alan Hoops, Bilgola Capital and Babel senior management. Mr. Pacala has over 30 years of general management and private equity experience in healthcare and is an Operating Partner at Pamplona Capital focused on healthcare investments.

Total raised

$7M

Funding rounds

2

Latest round

Series A

Latest activity

Apr 2019