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Life science organizations have been increasingly recognizing the need to integrate their patient support programs directly within the provider workflow through AssistPoint.
Fremont, CA: Annexus Health, a privately held healthcare technology company behind the cloud-based financial assistance cycle management platform AssistPoint, raised $10 million in a Series A round of financing. The funding round was led by North Point Advisors.
"With this new round of funding, we have begun aggressively expanding our talented team across all ends of the organization. We are focused on further optimizing our market-leading financial assistance cycle management suite of products and services, beginning to solve for additional administrative burdens, and—most importantly—helping more patients across multiple disease states," said Brad Frazier, Co-Founder, President, and COO of Annexus Health.
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In this pandemic stricken era, a cloud-based platform to help navigate the patient assistance journey has become inevitable to ensure patients obtain timely access to treatment with less financial toxicity.
Life science organizations have been increasingly recognizing the need to integrate their patient support programs directly within the provider workflow through AssistPoint. Recently, Annexus Health launched several integrations, including BeiGene and Coherus Biosciences. The firm will be launching several additional integrations soon, including Sanofi Genzyme, Amgen, and MorphoSys.
"The close of this funding round catapults the Annexus Health quest to comprehensively improve the management of the patient care journey. Our vision is deep market penetration across oncology and several other complex specialties, with an agnostic approach that enables all providers and, more importantly, their patients to benefit from the revolutionary end-to-end (full cycle) approach we take to solving problems," said Joe Baffone, Annexus Health Co-Founder and CEO. "Our team is and will be the reason this is all possible. We have been and are attracting the most incredible people. The funding will allow us to continue enhancing our team with those driven to and capable of making a difference in the lives of patients."
Furthermore, global pharmaceutical services company AmerisourceBergen recently announced the partnership between Annexus Health and ION Solutions and IPN Solutions, two of the nation's largest physician service organizations and GPOs, focused on supporting independent, specialty-care providers. ION and IPN will now offer AssistPoint to its members, which will support the exposure and utilization of the platform among community oncologists and other specialty physician practices nationwide.
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