Amino snags $25M in Series C funding round
- San Francisco-based startup Amino, which offers an online healthcare marketplace transparency and pricing platform, raised $25 million Series C funding led by Highland Capital Management.
- Other contributors included Accel, Aspect Ventures, CRV, Northwestern Mutual Future Ventures and Pilot Wall Group.
- The capital infusion will go toward furthering Amino’s goal of creating a single reliable source of information on access, cost and quality for consumers, physicians, hospitals and payers, the company said in a release.
Amino’s claims to have a database of 9 billion insurance claims that includes the experiences of over 220 million patients. The company recently gained access to all Medicare parts A, B and D data from 2009 on and has CMS approval to create quality measures through the formation of a Consensus Based Entity. Amino plans to work with others to create data warehouses that can inform decisions about where to seek care.
Launched in 2015, Amino recently added search, booking and cost estimates for common imaging center services and has plans to expand into other healthcare services this year. And the company plans to extend its reach to nonprofits and patient advocacy groups in the months ahead.
Additionally, Amino said it is now offering Amino Plus accounts to employers on an invite-only basis. The service will allow employees to track their deductible in real time, ensure they’re booking in-network providers and get personalized out-of-pocket cost estimates for upcoming procedures.