Syntax Health, a New York-based provider of an enterprise SaaS-based solution for health plans and providers, raised $7.5 million in Seed funding.
The round led by undisclosed investors, will enable Syntax Health to accelerate its growth, expand operations, and further penetrate the market.
Syntax Health offers an innovative enterprise SaaS platform designed to streamline and optimize value-based care alignment for health plans and providers.
The platform provides advanced analytics, infrastructure, and a collaborative virtual workspace that facilitates the design of best-fit payment models, promotes transparency, and ensures consistency in contract negotiations.
Syntax Health aims to simplify and structure incentive design by empowering healthcare actuaries, network managers, analysts, and healthcare providers with real-time tools to compare savings, revenue, quality metrics, and trends.
“With this new round of funding, we are well-positioned to expand our operations and solidify our position in the market,” said Rachael Jones. “Syntax Health is committed to transforming the landscape of value-based care by providing a comprehensive solution that addresses the complex needs of health plans and providers. We are excited about the opportunities ahead as we continue to drive innovation in the healthcare industry.”
Company: Syntax Health, Inc.
Round: Seed Round
Funding Month: June 2023
Lead Investors: Undisclosed
Company Website: https://www.meetsyntax.com/
Software Category: Care Solutions
About the Company: Founded by Rachael Jones, Syntax is an enterprise SaaS-based solution for health plans and providers to accelerate alignment in value-based care. Syntax’s unique model provides the analytics, infrastructure, and collaborative virtual workspace to facilitate best-fit payment model design and promote transparency and consistency in contract negotiations. Syntax simplifies and structures incentive design by providing healthcare actuaries, network managers, analysts, and healthcare providers with the tools to compare savings, revenue, quality metrics, and trends in real-time.