Posts in Portfolio Company News
Procured Health Is Now Lumere

My colleagues and I founded Procured Health in 2012 to assist hospitals and physicians in their efforts to make evidence-based and data-driven device selection and utilization decisions. Over time, as value-based care has become a reality, we’ve broadened our focus to more holistically guide clinicians and administrative leaders in not only devices but also in medication utilization. Additionally, we have launched new and innovative professional services. As a result, we felt our identity needed to better represent this expanded scope and mission. Watch a video to learn more about our unique clinical approach.

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HealthiPASS secures $7.2M Series A to transform healthcare payments with greater transparency for patients

HealthiPASS, a patient check-in and payment technology provider that helps patients and providers combat the new healthcare reality of higher patient out of pocket expenses, announced it has raised a $7.2 million Series A funding round, led by FCA Venture Partners, with participation from venture firms from the Bay Area to Boston including: OCA Ventures, Healthy Ventures, HealthX Ventures, Waterline Ventures and a small group of strategic investors. The funds will be used to further innovate and expand the patient payments platform and sell into ambulatory healthcare settings across the country.

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ChartWise Appoints Steven Mason to Role of President and COO

Steven's strategic expertise in facilitating accelerated growth with healthcare technology companies is an excellent fit with the proven track record that ChartWise has established in product innovation. He has worked closely with many of the nation's leading health systems over his career, and we're looking forward to turning him loose to work his magic with the ChartWise 2.0 solution."

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StudioNow Launches Bidding and Production Platform

The StudioNow Bidding and Production Platform includes a secure online bidding system called the SNAP (StudioNow Aggregated Proposal), which is designed to answer all transparency concerns while ensuring that marketers receive the best value bids on their video project RFPs. The online bidding system allows users to source, evaluate, view reference examples, compare detailed budgets and proposals and select production vendors.

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ProviderTrust featured in The Economist as a fast growing health-tech startup

Consider ProviderTrust, a health-tech startup. The firm has developed a novel software-as-a-service offering that helps health-care firms track people’s professional credentials and licences efficiently. Because states do not typically share timely information about disciplinary actions taken against health-care workers, footloose rogues can create a costly regulatory headache for unwitting new employers in another state. The company has been growing at a rate of over 60% a year since its founding in 2010; revenues should reach $10m this year.   

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Procured Health Launches Evidence-Based Pharmacy Solutions to Tackle Escalating Drug Spend and Inappropriate Utilization

Procured Health CEO Hani Elias views the Pharmacy solutions as critical to the company’s goal of eliminating unnecessary variation and introducing evidence into patient care. “We see a significant opportunity to help health systems improve care by reducing the unwarranted variation and high costs often associated with drugs as well as medical devices,” he said. “When you apply relevant and proven clinical evidence to a health system pharmacy’s specific challenges, you start to drive real change.”

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ChartWise debuts new RAF Calculator functionality

"To date, CDI has focused on the inpatient population, using DRGs to determine reimbursement, and Severity of Illness (SOI) and Risk of Mortality (ROM) to identify how sick a patient is," said Dr. Jon Elion, founder and CEO of ChartWise Medical Systems. "However, as the CDI industry begins to contemplate outpatient or ambulatory, different metrics are required. We cover both inpatient and ambulatory -- providing both the DRG weight and RAF scores. This is truly a game-changer in the industry."

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