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Health Data Innovations Announces Strategic Investment From Hughes & Company

Oct 02, 2023about 2 years ago
BeachwoodAngel InvestmentVenture CapitalFinanceFinancial Services

Investors

BowenHughes & Company

Description

Health Data Innovations, LLC (HDI), a leading healthcare data integration platform serving value-based care providers and payers, announced today a strategic investment from Hughes & Company, a Chicago-based private equity firm focused on healthcare software and technology-enabled services. Bowen acted as the exclusive financial advisor to HDI.

Company Information

Company

Health Data Innovations

Location

Beachwood, Ohio, United States

About

HDI helps health plans, ACOs and provider organizations, and other entities integrate and manage data to support a wide variety of uses including reporting, quality measurement, care management, population health management, predictive/actuarial modeling, and other needs. We specialize in the acquisition, cleansing, and transformation of all types of health data including claims, Rx, eligibility, lab, biometric, wellness, medical management, practice management and EMR data, among others. Data from disparate sources are mapped, standardized, cleansed, and delivered according to client-specific requirements and in a client-specified format. Our capabilities include: Inbound data standardization and transformation Outbound data extract creation Data conversion Data model development Member/patient/provider matching and data augmentation

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers