"(Crain's) — A venture of the Blue Cross & Blue Shield Association that analyzes health care information on 110 million people has raised more than $9 million in equity, as insurers comb patient records for ways to cut costs and improve medical care.
Blue Health Intelligence uses claims data that has been stripped of identifying information to study health care trends, using records covering nearly one-third of the U.S. population.
The latest round of capital comes on top of $28 million raised in December 2010. While many observers see rich opportunities in analyzing medical records, the challenge comes in producing results."
Read more in Crain's Chicago Business.
