Today marks a new, exciting chapter for Talix as the business spins off from Healthline Networks into a fully independent, standalone company. With $14 million in new financing from our investors to fund the growth of our core risk adjustment product, Coding InSight, and to support the development of future applications in our planned suite of patient risk management products, Talix has a very strong future ahead of it. This important move will help position Talix to disrupt the healthcare risk adjustment space while still continuing to provide health information technology solutions and services to our stalwart customers.
Though Healthline Networks officially ceases to exist as of today, the dream I had when we launched it remains: to build a health technology company that has a direct impact on creating a healthier world through the power of information. I’m so proud we’re able to carry this mission forward with Talix.
We wouldn’t be here without the amazing people who work day in and day out to make Talix a trusted resource in risk adjustment, particularly: Niraj Katwala, our long-standing head of technology design and development; Derek Gordon, my general manager for Talix over the last year, and our head of sales, marketing and operations moving forward; Murray Brozinsky, head of business development; Paul Clip, our head of product engineering; Shahyan Currimbhoy, our head of product management; and many others in the company. Congratulations to all on this huge milestone!
Lastly, I want to credit the Talix board and investors for having the confidence in funding our mission. I’m confident we have everything we need to be an enormous success – the right people, the right technologies and products, the right investors, and an impressive and growing roster of customers. All of us are excited to embark on this new journey with Talix and to transform the healthcare industry.