What You Should Know: - Mark Thierer -- the former CEO of OptumRx who took that role after selling Catamaran to UnitedHealth Group for $13B, today announced the launch of Waltz Health with $35.4M led by GV (Google Ventures) including participation from Define Ventures, Echo Health Ventures, Blue Venture Fund, Byers Capital, and Twine Ventures. Other funding came from a prestigious list of seasoned healthcare executives. - Waltz Health plans to
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Echo Health Ventures Expands Investment Model to Nashville
What You Should Know: - Echo Health Ventures, a healthcare strategic venture capital and growth equity investment firm, today announced it is establishing a local presence in Tennessee led by Echo Health Advisors Principal Hayley Hovious, who joined the company in March following seven years as president of the Nashville Health Care Council. - Echo Health Ventures CEO Rob Coppedge expects the new location to drive innovation by developing connections between its portfolio companies, Echo
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DispatchHealth Raises $135.8M to Expand On-Demand In-Home Care Model
What You Should Know - Today DispatchHealth announced the closing of $135.8 million growth capital financing led by Optum Ventures and included participation from existing and new strategic investors. - The additional funding enables DispatchHealth to
continue to provide in-home medical care to even more vulnerable, high-needs
patients by growing its existing 19 markets, expanding to new markets, and
launching additional services. - Many health systems, including Renown Health and
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Abacus Insights Nabs $35M for Interoperability Platform to Help Health Plans Liberate Data
What You Should Know: - Abacus Insights raises $35M in Series B funding for its data integration platform that enables health insurers to reconcile thousands of unique attributes to create a more personalized healthcare experience in everything from diabetes care and wellness programs to managing the COVID-19 pandemic. - Abacus Insights’ data platform standardizes, curates, and enriches valuable healthcare data that is currently sitting idle, moving it out of restrictive silos, and
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Quartet Health, Cambia Health Solutions Partner to Bring AI-Enabled Platform to Cambia’s Members
- Quartet is partnering with Cambia Health Solutions to bring its AI-enabled platform to Cambia's members so they can get better access to mental healthcare.- Additionally, Echo Health Ventures, a strategic collaboration of Cambia and Mosaic Health Solutions made an investment in Quartet.Today Quartet, a healthcare technology and services company, announced a new partnership with Cambia Health Solutions to help improve the lives of people with mental health conditions. Cambia’s regional health
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Cigna Leads $23M Series D in Specialized AI Company, GNS Healthcare
Today, Cigna Ventures (CV), the corporate venture fund of global health service company Cigna, announced that it’s leading a $23M Series D round of funding in GNS Healthcare (GNS), a highly specialized AI company that turns millions of data streams into personalized insights that precisely match the appropriate clinical care/treatment intervention to the right patient at the right time.Cigna joins other leading carriers and health plans and GNS investors, including Cambia Health Solutions, Echo
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Telegenomics Company Genome Medical Nabs $23M to Bring Genomic Medicine to Everyday Care
Genome Medical, a leading nationwide telegenomics company providing genomic-based medicine, today announced that it has raised $23 million in Series B financing to accelerate the development of its technology and medical services which support patients, physicians and healthcare systems in all 50 states. The Series B round was led by Echo Health Ventures, a strategic collaboration of Cambia Health Solutions and Mosaic Health Solutions with additional new investors LRVHealth, Casdin
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DispatchHealth Nabs $33M to Expand On-Demand Healthcare Model to High Acuity Patients
DispatchHealth (formerly known as True North Health Navigation), a Denver, CO-based provider of on-demand healthcare delivery to a patient’s home has raised $33 million in growth capital funding led by Echo Health Ventures, a strategic collaboration of Cambia Health Solutions and Mosaic Health Solutions. The funding also included participation from existing investors Alta Partners, Questa Capital and additional strategic investors.Founded in 2013 by two mobile health executives, DispatchHealth’s
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Cityblock Raises $65M to Address Social Determinants of Health in Underserved Communities
Cityblock, a Brooklyn, NY-based company building sustainable, scalable systems that provide high-quality, cost-effective care for underserved populations with complex health needs has raised $65 million in Series B funding. The funding was led by Redpoint Ventures, 8VC (affiliate venture fund with Cambia Health Solutions and Blue Cross and Blue Shield of North Carolina), Echo Health Ventures and StartUp Health including existing investors Sidewalk Labs, Thrive Capital, Maverick Ventures, Town
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Why Today’s Digital Health Venture Model Is Broken
Echo Health Ventures’ Matthew Karls explains how his new healthcare investment company is breaking the mold and why that’s a good thing for startups.Today’s digital health venture model is broken. That statement seems bold and contradictory to the fervor and flourish of funding that has poured into the space recently. However, most health-tech startups are predicted to fail within the first two years of operation—why?In 2014, venture funding in digital health smashed records surpassing $4.1
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