Company Research Report: Medxoom

Company Overview

Name: Medxoom

Mission of the Company: Medxoom is on a mission to simplify health benefits in order to help people make more informed healthcare choices. They aim to unify the health benefits experience, enabling members to navigate their benefits effortlessly to save time, money, and avoid unnecessary hassles.

Year Founded: 2019

Founder: Jeff Toewe

Key People:

Jeff Toewe - CEO

James Walsh - Chief Revenue Officer

Ryan Johnson - Chief Information Officer

David Boggs - VP, Partner Success

Tarang Shah - VP, Digital Solutions

Madhav Abhyankar - VP, Software Engineering

Headquarters: 800 Battery Ave SE, Atlanta, GA 30339

Number of Employees: No information is available

Revenue: No information is available

Company Specialization: Medxoom is known for its health benefits platform that simplifies and improves the healthcare decision-making process. They are recognized for advancing member engagement and cost containment in healthcare.

Products

Health Benefits Platform

High-level Description: Medxoom offers a comprehensive health benefits platform designed to streamline the member experience through enhanced engagement, cost containment, and transparency. This platform is especially designed for Employers, Brokers, and Third-Party Administrators.

Key Features:

Data-Driven Metrics: Analyzes costs and quality from historical reimbursement data to identify potential savings and offer recommendations.

Personalized Communications: Native messaging services, alerts, and reminders to effectively communicate with members.

Advanced Mobile Experience: Intuitive interface including mobile messaging, digital benefits wallet, e-payments, and virtual Explanation of Benefits (EOBs).

Cost Comparison Tools: Provides transparency into provider services, procedures, and fees, allowing members to compare and select optimal care options.

Simplified Payments: Includes comprehensive payment solutions from plan to provider payments, integrated net due payments, and financing options.

Coordinated Care Process: Offers unified care coordination between previously disconnected providers and partners.

Recent Developments

Launch of Health Plan Member Virtual Payment Card: Introduced to eliminate surprise medical bills by offering members the ability to pay discounted cash rates or pre-negotiated prices at service time.

Medxoom Signals™ Announcement: Specific details aren't available, but this seems to represent a newly introduced feature set by Medxoom.

Series A Funding: Medxoom raised $8MM in its Series A round to fuel its growth and expand capabilities.

No further specific information is available regarding new features added to existing products, or recent partnerships.

This report is compiled strictly based on the available information, and fields without specific data have been marked as "No information is available."