HealthQx builds a decision-support platform, CareQx, to make provider performance more transparent for payers. CareQx mines data from more than 120 million patients nationwide to deliver cost and quality benchmarks, procedure volumes, and referral-relationship insights. The product is designed to help payers establish guidelines for building or rebuilding provider networks and to break down data silos that hinder price and performance transparency. HealthQx positions its system against companies like Castlight Health and Change Healthcare, saying its approach is more sophisticated. The company is led by CEO Mark McAdoo and was founded last year by COO Bill Conlan; both are described as serial entrepreneurs. HealthQx received $150,000 in seed funding from Ben Franklin Technology Partners of Southeastern Pennsylvania.

Total raised

$0M

Funding rounds

1

Latest round

Seed

Latest activity

Feb 2013