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Healthcare Data Firm Pushes Toward Profit

Apixio Inc. intends to make a push toward profitability with the help of $19.3 million in expansion financing. San Mateo, Calif.-based Apixio uses cognitive computing, in which computers learn to think like humans, to help health plans and physicians make better use of data. Data from patient encounters are already captured through reimbursement codes, which indicate specific services rendered. But they lack nuanced information on why a patient was seen. SSM Partners led the Series D round, which included Bain Capital Ventures and First Analysis.

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