Intermountain Healthcare Innovation Fund, the investment arm of the non-profit Healthcare Innovation Fund, has invested $1 million in Wisconsin-based Redox, a healthcare company focused on digital interoperability APIs. The mission of the company is to connect health systems with electronic health record vendors. This funding in addition to their recently announced Series B totals $10 million for Redox.
Many clinicians will recognize Intermountain as a relatively cutting edge health system in terms of early adoption of digital health technology. One aspect of that is a digital health accelerator they have supported for several years.
Intermountain invited Redox to join its 2015 Healthbox Studio program during which Redox helped connect mHealth applications to almost 100 health systems with three-dozen electronic health record platforms. “Redox is scaling a bold solution with a fantastic team. We are excited to continue working with them as they help companies and health systems overcome this challenge,” said Leland Brewster of Healthbox.
Interoperability and data exchange between disparate health IT systems is a cause that’s been advanced by many stakeholders, most recently with legislation including in the 21st Century Cures Act. Open source toolkits like SMART from Boston Children’s and Harvard Medical School, which builds on FHIR standards, are helping health app developers integrate more readily into EHR systems. A variety of other platforms are offering more direct “plug and play” options as well.
With the new partnership, Redox will become part of Intermountain’s commercial strategy, including this distribution of their Rehab Outcomes Management Systems throughout other health systems.