American healthcare consolidation startup Maxwell Health has announced a major round of funding that will see $26.4 million secured for the company. The funding will be led by Adams Street Partners and will also see significant contributions from Schooner Capital, Cambia Health Solutions, and others.
In the hot mess that is American healthcare, there are a number of digital and cloud-based platforms now emerging that are seeking to consolidate some of the myriad services provided under the country’s employer-provided health insurance system. Maxwell is one of those. In addition to integrating and streamlining a lot of the administrative and bureaucratic considerations, Maxwell also offers a range of innovative services including remote care and biometric screening.
It’s those services that could give Maxwell a real leg-up in the US healthcare market, as biometric technology is a buzzing field that is currently expanding the possibilities of remote care. These subfields are already getting crowded though, so it will be interesting to see how Maxwell’s platform is able to negotiate them going forward.