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Health navigation platform Amino Health received $42 million in credit financing from Oxford Finance as part of its $80 million raised in May.
WHAT HE DOES
The California-based company connects its members with physical and mental healthcare providers and benefits programs, and allows its members to book appointments and track their preferred providers. It also distributes cost and quality ratings for vendors and facilities.
Amino will use the funds to accelerate its growth, strengthen its team, expand its market reach and advance its technology infrastructure.
“We are thrilled to support Amino in its mission to transform the healthcare navigation experience,” Rohit Gandhi, senior director at Oxford, said in a statement. has the potential to revolutionize the way individuals access and navigate healthcare services. This investment reflects our confidence in Amino’s leadership, vision and ability to have a meaningful impact on the industry.
MARKET OVERVIEW
The company started as a direct-to-consumer platform. It has since moved to a corporate subscription model with health plan members, benefits administrators, third-party administrators and care providers.
In 2017, Amino raised $25 million in Series C funding.
Other companies in the care navigation space include The right wayan employee-focused healthcare navigation and pharmacy benefits platform, and hugwhich offers virtual healthcare and care and benefit navigation services.
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