The Centers for Disease Control and Prevention published guidelines earlier this year in a bid to reduce opioid dependence sparking a mixed bag of support and outrage. The challenge to find ways to easily and efficiently manage opioid abuse is one that has attracted several healthcare startups, some of which have approached this subject from the perspective of patients or clinicians or both.
Axial Healthcare in Nashville, Tennessee developed a set of clinical support tools to analyze claims data and coordinate pain treatment between pharmacists, physicians and their patients. The company has raised $16.5 million in a Series B, according to a news release. The funding will be used to ramp up Axial’s customer base and double the size of the 50-staff workforce over the next 12-18 months, Axial Healthcare CEO John Donahue said in a phone interview. He added that insurers work with the company to give their providers access to Axial’s services. The health IT vendor’s client base includes large insurers and accountable care organizations.
Donahue noted that part of the startup’s mission is to check opioid misuse while supporting evidence-based care, physicians, and patients. Among the services Axial enlists are predictive analytics, a provider dashboard, network performance monitoring, and consultation between pharmacists and providers. The business also developed an app for patients with chronic pain. For the full article click here
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