STRATEGIC INNOVATION REPORT
TO TRANSFORMING IMPROVE LIVES . HEALTHCARE
CONFIDENTIALITY NOTICE:
This document is confidential and contains proprietary information and intellectual property of Frist Cressey Ventures. Neither this document nor any of the information contained herein may be reproduced or disclosed under any circumstances without the express written permission of Frist Cressey Ventures. Please be aware that disclosure, copying, distribution or use of this document and the information contained therein is strictly prohibited.
PUBLISH DATE: FEBRUARY 2025
A MESSAGE FROM OUR FOUNDERS
RETHINKING THE WAY HEALTHCARE WORKS
We don’t always do health and healthcare well and the need to change the way our country does healthcare is critical. Although the United States has the best and brightest research and clinicians and we lead the world in pioneering treatments and cures, our health outcomes still lag behind other developed nations.
As longtime friends and business partners, we started Frist Cressey Ventures because we’ve seen policy initiatives, corporate efforts, and academic campaigns that failed to move the needle on genuine healthcare change. Instead, cutting-edge, high-growth ventures are bringing inspiration and new ideas.
A CULTURE OF ENTREPRENEURSHIP
These nimble, imaginative companies make us confident about the future of healthcare and eager to play a role in adding value and unlocking the potential of innovative enterprises such as the partnerships featured in this report.
We are proud to build transformative healthcare organizations with the like-minded entrepreneurs, innovators and out-of-the-box thinkers represented within the following pages of this report.
On behalf of the entire Frist Cressey Ventures team, we thank you for your support and dedication in our shared pursuit to transform healthcare and improve lives.
SINCERELY,
Senator Bill Frist, M.D., Co-Founder and Managing Partner and Bryan Cressey, Co-Founder and Senior Advisor
Improving healthcare by enabling health systems, staffing firms, health plans, and others through a robust, real-time clinician data network that dramatically fuels faster credentialing, onboarding, and enrollment time.
Axuall is a dynamic clinical workforce intelligence network that provides real-time access to thousands of clinician data sources while ensuring authenticity and security. Axuall empowers healthcare leaders to optimize their most important supply chain: their clinicians.
PR o DUCTS
explore: nAtIOnAL sEARCH EnGInE EnAbLEs UnpRECEDEntED AnALysIs OF pROvIDER pRACtICE pAttERns tHROUGH MILLIOns OF pROFILEs
confirm: EMpOWERs MEDICAL stAFF sERvICEs tEAMs WItH InFORMAtIOn tO CREDEntIAL & vERIFy pROvIDERs FAstER AnD WItH GREAtER InFORMAtIOn, ALL WHILE REDUCInG AppLICAtIOn tURn AROUnD tIME by 70%
sync: EnAbLEs It AnD DAtA LEADERs tO UpDAtE, EnRICH, AnD EnsURE REAL tIME ACCURACy FOR pROvIDER EMR tAbLEs, DIRECtORIEs, AnD ROstERs
AvERAGE U.s pHysICIAns GEnERAtE nEARLy
In REvEnUE
Team HigHligHTs
CHARLIE LOUGHEED, COFOUnDER & CEO, pREvIOUsLy CO-FOUnDED & bUILt ExpLORys bEFORE ExItInG tO IbM WAtsOn HEALtH
Co-invesTmenT ParTners EpsILOn HEALtH InvEstORs; FLARE CApItAL pARtnERs; nORO-MOsELEy pARtnERs; vARIOUs HEALtH systEMs
seCTor
CLInICAL WORkFORCE IntELLIGEnCE
websiTe WWW.
Improving healthcare by providing personalized behavioral health services for pediatrics and adolescents while removing the legacy trialand-error approach of diagnosis and treatment.
With a mission to increase accessibility and effectiveness of mental healthcare, Blackbird Health aims to empower patients and providers through their innovative digital solutions. Blackbird's platform integrates data-driven insights with evidence-based therapies to personalize care and improve outcomes for children and adolescents struggling with mental
THOROUGH UNDERSTANDING OF ROOT CAUSE LED BY PSYCH SPECIALIST
MORE TARGETED TREATMENT
imPaCT
8,000+ pAtIEnts sERvED sInCE InCEptIOn
Team HigHligHTs CEO, tOM pEtERsOn, FORMER CO-FOUnDER AnD COO OF EvOLEnt HEALtH
Co-invesTmenT ParTners DEFInE vEntUREs; GREyMAttER vEntUREs
seCTor tECH-EnAbLED bEHAvIORAL HEALtH
websiTe WWW.bLACkbIRDHEALtH COM
TEAM BASED CARE COORDINATION INTEGRATED wITh pEDIATRIC CARE
BLACKBIRD'S "UNDERSTANDING FIRST" APPROACH LEADS TO HIGHER RETENTION AND BETTER OUTCOMES
85% of kids report significant symptom improvement median time to clinically significant improvement 10-12 weeks 2540% lower prescriber rate
Improving healthcare by changing the way patient data is captured and utilized, ultimately leading to the reduction of administrative burden on clinical staff.
Carta Healthcare utilizes artificial intelligence (AI) to automate and simplify mundane and time-consuming administrative tasks from clinicians’ shoulders. Their Atlas product introduces people + technology to remove the necessity for highly skilled nursing staff to complete documentation for clinical registry submission, while also ensuring quality and actionability of registry data pulling from disparate sources. Current registries offered are Cardiology, NSQIP, Core Measures and Oncology.
reaCH
pARtnERED WItH 20 HEALtH systEMs, InCLUDInG 4 OF tHE tOp 8 In tHE COUntRy
Team HigHligHTs
CEO, bREnt DOvER, FORMER pREsIDEnt/ CEO OF kALDEROs, COMMURE, HEALtH CAtALyst & MEDICIty
Co-invesTmenT ParTners
CU HEALtH InnOvAtIOn; MAss GEnERAL bRIGHAM; MAvERICk vEntUREs; MEMORIAL HERMAnn; MEMORIALCARE; stORM vEntUREs; UpMC
seCTor
DAtA AbstRACtIOn & InFRAstRUCtURE
websiTe
WWW.CARtA.HEALtHCARE
M A k E BETTER USE OF YOUR HUMAN RESOURCES w IT H a I-ass
M delivers high-quality data by thoroughly searching through clinical data from all sources
sifts through multiple patient data sources to find relevant information for registry fields
DATA ENTRY
& SIMPLIFY DATA COLLECTION
THE AUDIT BURDEN
Improving healthcare by utilizing artificial intelligence and technology to reduce manual coding and billing inefficiencies.
CodaMetrix (CMX) provides an AI-powered platform to facilitate healthcare revenue cycle management and medical coding by translating clinical notes automatically, accurately, and autonomously into billing and diagnostic codes that satisfy coding requirements while reducing human coding workload.
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CURREntLy In pARtnERsHIp
WItH 20+ HEALtH systEMs
Team HigHligHTs
CEO, HAMID tAbAtAbAIE, 4x sUCCEssFUL CEO AnD FOUnDER
Co-invesTmenT ParTners
MAss GEnERAL vEntUREs; sIGnALFIRE;
tRAnFORMAtIOn CApItAL
seCTor
AI-bAsED REvEnUE CyCLE
MAnAGEMEnt
websiTe
WWW.CODAMEtRIx.COM
TURNAR o
TIME
REDUCT io N IN CODING DENIALS 30%+ SAV i N g S ON CODING COSTS
Improving healthcare by offering a turnkey software platform that empowers physicians to offer patientcentered, high-quality and affordable direct primary care.
Hint Health provides its comprehensive software platform to Direct Primary Care (DPC) providers. The platform includes membership and billing solutions as well as a state-of-the-art EMR, all designed for DPC clinicians to launch and scale their practices efficiently.
MARkET REVIEw
1M+ tOtAL LIvEs On pLAtFORM AnD
2,000+ CLInICs RUn On HInt
TEAM HIGHLIGHTS
CO-FOUnDER & CEO, ZAk HOLDsWORtH, 10+ yEARs OF ExpERIEnCE In DpC
2,000+ CL i N i CS RUN ON H INT AU tOMAt E MEM b ER E n ROLLME nt & b ILLI n G EMR bUILt FOR MODER n D p C CLI n ICIA ns
CO-INVESTMENT PARTNERS bAnnEkER pARtnERs
SECTOR DIRECt pRIMARy CARE
wEBSITE WWW HInt.COM
NT
I s t HE MO st s ECURE & COM p LIA nt s OLU t IO n FOR RECURRI n G HEALt HCARE b ILLI n G & pAy ME nts
Improving healthcare by transforming emergency response through next gen 911 virtual care.
MD Ally collaborates with public safety systems and payors so that 911 callers with non-emergency concerns receive timely, appropriate, and convenient care. MD Ally’s unique approach to ensure patients get the right care at the right time in the right place results in savings of $2,280 in healthcare costs on average per encounter.
Additionally, callers receive a “personal assistant” level of support to tackle treatment plan tasks and ensure adherence for better long-term patient care outcomes. This approach not only delivers more personalized care to patients but also keeps ambulances available for true emergencies.
Studies have found that 12% of emergency room visits can safely be handled virtually.
imPaCT
RECEntLy RECOGnIZED As tHE “MOst InnOvAtIvE CIvIC tECH COMpAny” by tHE Us COnFEREnCE OF MAyORs.
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MD ALLy sERvEs COMMERCIAL, MEDICARE, AnD MEDICAID pAtIEnts. tHEy ARE CURREntLy LIvE In sEvERAL COUntIEs ACROss FLORIDA, ARIZOnA, AnD CALIFORnIA, sERvInG OvER 5M pEOpLE.
Co-invesTmenT ParTners
GEnERAL CAtALyst; HEARst CORp.; sEAE vEntUREs; RED & bLUE vEntUREs
seCTor
vALUE-bAsED EMERGEnCy CARE
websiTe
WWW.MDALLy.COM
Improving healthcare by empowering people with digestive health conditions to gain significant and lasting control of their symptoms and improve their quality of life.
Oshi Health is a virtual gastrointestinal (GI) clinic that was launched to augment GI services provided by traditional brickand-mortar clinicians. Oshi works with innovative employers and health plans and partners with clinicians (primary care, GI clinics, other) to reduce overall healthcare cost and improve patient symptoms and quality of life.
WHOLE-PERSON, DATA-DRIVEN CARE
Oshi’s multi-disciplinary care team includes GIspecialized dietitians, behavioral health clinicians, health coaches, care coordinators, advanced practice clinicians and board-certified gastroenterologists.
WHOLE-PERSON THERAPY
ASSESSMENT
imPaCT
92% syMptOM IMpROvEMEnt vs. 14% In tRADItIOnAL CARE, $10.9k tOtAL COst REDUCtIOn pER pAtIEnt
Team HigHligHTs
CEO, sAM HOLLIDAy, FORMER COO OF CECILIA HEALtH; CMO, sAMEER bERRy, M.D., FORMERLy sERvED FOR tHE U.s. DEpt. OF vEtERAns AFFAIRs.
Co-invesTmenT ParTners
bEssEMER; Cvs HEALtH vEntUREs; FLARE CApItAL; kDt; OAk HC/Ft; tAkEDA vEntUREs
GI MEDICAL HOME FOR ONGOING CARE
seCTor
vALUE-bAsED spECIALty CARE sOLUtIOns
websiTe WWW.OsHIHEALtH.COM
Improving healthcare by creating a centralized, digital platform for health systems to deliver unique, personalized, and consumer-centric experiences to patients using authenticated identity management.
Launching the first digital flywheel for health systems, Praia Health removes barriers to care by connecting patients with essential healthcare services, products, and resources through a personalized mobile and web app. Integrating seamlessly with health systems' existing records, it offers individualized and customized health insights and connects users with tailored third-party apps, enhancing the overall healthcare experience. Driven by authenticated identity, consumers will interact in a more meaningful and digitally-savvy way within their health system.
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3.5M UsERs AnD $48M (10x ROI) In AnnUAL MEAsURAbLE vALUE GEnERAtED In 2 yEARs
Team HigHligHTs
CEO, JUstIn DEARbORn, sEAsOnED ExECUtIvE AnD 4-tIME CEO
Co-invesTmenT ParTners
EpsILOn HEALtH; sIGnALFIRE; LAbCORp vEntURE FUnD; pROvIDEnCE vEntUREs
seCTor
COnsUMER-DRIvEn IDEntIty
websiTe
WWW.pRAIAHEALtH COM
Improving healthcare by building the most advanced, reliable, and safe Generative AI infrastructure for healthcare applications. enforceable go V ernance
Qualified Health’s solution allows healthcare organizations to capture generative AI’s potential by providing comprehensive infrastructure to implement and scale generative AI solutions safely. Their platform enables health systems to maintain control while accelerating innovation – a crucial balance that the industry has been seeking.
Role-based access controls, risk alerts, data privacy protections, and safeguards against AI hallucinations.
Team HigHligHTs
CEO JUstIn nORDEn, MD, FORMER
CEO At tRUstWORtHy AI (ACQUIRED by WAyMO /GOOGLE)
Co-invesTmenT ParTners
HEALtHIER CApItAL; IntERMOUntAIn vEntUREs; sIGnALFIRE; tOWn HALL vEntUREs
seCTor
GEnERAtIvE AI InFRAstRUCtURE
websiTe
WWW QUALIFIEDHEALtHAI COM
H ealt H care agent creat I on
Infrastructure enabling healthcare teams to rapidly develop and deploy AI agents for workflow automation.
P ost - de P loy M ent M on I tor I ng
Complete observability of application performance and usage, with human-in-the-loop evaluation and escalation systems.
Improving healthcare by offering true value-based musculoskeletal care built to optimize patient outcomes and quality of life.
RightMove offers the next generation of musculoskeletal (MSK) care with a solution built on the world’s leading academic institution and 150 years of unmatched expertise. RightMove delivers expert triage coupled with care services, ongoing care journey support, coordination and monitoring to ensure patients with MSK conditions reach highquality outcomes. RightMove’s longitudinal focus helps employers and health plans reduce the total cost of care.
RightMove’s MSK care model is powered by HSS, the world’s leading academic medical center specializing in musculoskeletal health.
imPaCT
Msk Is LARGEst pORtIOn (10%) OF tOtAL Us HEALtHCARE spEnD
FounDing ParTner
RIGHtMOvE’s Msk CARE MODEL Is pOWERED by HOspItAL FOR spECIAL sURGERy [Hss], tHE
WORLD’s LEADInG ACADEMIC CEntER spECIALIZInG In MUsCULOskELEtAL HEALtH
Co-invesTmenT ParTners
FLARE CApItAL pARtnERs; GREyCROFt; Hss
seCTor vALUE-bAsED spECIALty CARE sOLUtIOns
websiTe WWW RIGHtMOvEHEALtH COM
Improving healthcare by eliminating health inequities to make healthcare easier and more accessible.
Thrive Health Tech is the world’s first healthcare-focused mobile company that makes healthcare easier and more accessible by building solutions that eliminate health inequities to create a healthier America. THT uses mobile devices as its platform to address the digital divide and improve healthcare outcomes through sustained engagement.
PROVIDERS
markeT review nEARLy 30% OF MEDICAIDELIGIbLE AMERICAns DO nOt HAvE bROADbAnD ACCEss
Team HigHligHTs
CEO, JOHn AnDERsOn, FORMER HEAD OF vEntUREs At AsURIOn
Co-invesTmenT ParTners
25M / LIFEpOInt HEALtH; Cvs HEALtH vEntUREs; sHIELDs CApItAL; WIntER stREEt vEntUREs
seCTor
PLANS
BETTER PATIENT ENGAGEMENT
DRIVE MEMBER GROWTH
IMPROVED MEMBER EXPERIENCE
ENABLE DIGITAL INCLUSION
IMPROVED PATIENT EXPERIENCE
ENABLE DIGITAL INCLUSION
HIRING & RETENTION
BENEFITS ENGAGEMENT
EMPLOYEE EXPERIENCE
DIGItAL HEALtH InFRAstRUCtURE
websiTe
WWW.tHtCORp.COM
Improving healthcare with a best-in-class clinical model so women have access to the coordinated, evidence-based and value-focused care they need throughout their lives.
Women lack access to coordinated, equitable and expert-driven medical care. This also leads to high unnecessary spend for both the plan and patient. Visana is on a mission to fix this. As a virtual national medical provider for women ages 18-65, Visana takes a true long-term outcomes approach and partners with a curated high-value in-person network, addressing even the most complex and costly of patients while assisting payors and employers in capturing significant cost savings.
imPaCT
WOMEn’s HEALtHCARE In tHE Us Is LEADInG tO pOOR
OUtCOMEs AnD DRIvEs OvER 1 In 5 COMMERCIAL DOLLARs
Team HigHligHTs
CEO, JOE COnnOLLy, FMR bOstOn sCIEntIFIC, FLARE sCHOLAR; CMO, DR bARbARA LEvy, ObGyn, FELLOW ACOG AnD ACs
Co-invesTmenT ParTners
FLARE CApItAL pARtnERs; CAREFIRst bCbs; InHEALtH vEntUREs; OxEOn pARtnERs; vEntURE InvEstORs FUnD
seCTor
vALUE-bAsED spECIALty CARE
websiTe
WWW.vIsAnAHEALtH COM
d I d you know?
c ond I t I ons t H at un I quely or d I s P ro P ort I onately IMP act wo M en const I tute 21% of co MM erc I al s P end.
PaTienT n P s >95
sa VI ngs P er Pat I ent >$2.4K I n case- M atc H ed cla IM s analys I s
93% meaning F ul im P rovemen T in s Y m PT oms
Improving healthcare by expanding access to medication assisted therapy for patients seeking to overcome opioid dependence via an evidence-based online treatment program.
Bicycle Health offers confidential evidencebased virtual care for opioid use disorder through a highly trained team of medical experts, customized treatment plans, same day prescription refills for medication management and access to peer support groups and therapy. Bicycle Health patients receive all of this from the convenience of their home.
imPaCT
sERvED MORE tHAn 40k pAtIEnts sInCE InCEptIOn
reaCH
pROvIDInG sERvICEs tO pAtIEnts ACROss 47 stAtEs
Co-invesTmenT ParTners
CIty LIGHt CApItAL; IntERALpEn pARtnERs
QUEstA CApItAL; sIGnALFIRE
seCTor
vIRtUAL sUbstAnCE
UsE DIsORDER tREAtMEnt
websiTe
WWW.bICyCLEHEALtH COM
W hy B icycle h ealth ?
I nstant a ccess to c l I n I cal s upport s pec I al I sts
P rovider v isits via C hats & v ideo C alls
O nline S upp O rt G r O up S
E l E ctronic P r E scri P tion r E fills
I was Introduced to MedIcatIon assIsted treatMent and It changed My lIfe. BIcycle health was very helpful, supportIve and assIsted Me wIthout judgeMent. now I feel I have a reason to lIve, have hopes for the future and fInally feel relatIvely happy. I have not known happIness as long as I can reMeMBer.
- Ryan K., a Bicycle HealtH Patient
outComes
$110 M
annual neT value To HealTH sYsTem
54% exPansion oF CaPaCiTY (on avg. sinCe 2023)
10% inCrease in new PaTienTs To THe sYsTem
Improving healthcare access and patient experience while empowering health systems to navigate digitally-enabled care and optimize resource allocation.
DexCare is an access optimization platform that offers health systems the critical infrastructure required to scale and optimize digitally-enabled care across business lines. By intelligently orchestrating health system capacity and digital demand across all lines of care, DexCare offers patients and providers a unique combination of access, navigation and resource optimization.
Direct Digital Access for consumers, across all ambulatory lines of business.
Intelligent guidance that directs patients to the right care setting.
Tools that enable insights and efficiencies across business lines.
5.1M
PaTienTs serveD CumulaTivelY
imPaCT
350k ED HOURs DIvERtED AnnUALLy; 83% OF ACQUIRED pAtIEnts COMMERCIALLy InsURED; 90+ pAtIEnt nEt pROMOtER sCORE
Team HigHligHTs
CEO, DEREk stREAt, 4x sUCCEssFUL stARtUp FOUnDER
AnD CEO; CCO sEAn O’COnnOR, 15+ yEARs OF HEALtH systEM sALEs, CRO OF C-sAts (ExIt tO J&J)
Co-invesTmenT ParTners
DEFInE vEntUREs; kAIsER pERMAnEntE; pROvIDEnCE; spRInGROCk vEntUREs; tRAnsFORMAtIOn CApItAL; vARIOUs HEALtH systEMs
seCTor
DIGItAL CARE InFRAstRUCtURE
websiTe WWW DExCARE COM
Improving healthcare by aggregating and enabling access to genetic services for patients, health systems, payors and pharma.
reaCH
nAtIOn’s LARGEst nEtWORk OF bOARDCERtIFIED GEnEtIC COUnsELORs
Team HigHligHTs
CEO, sURyA sInGH, FORMER CEO OF GWELL HEALtH
Co-invesTmenT ParTners
nOvAQUEst CApItAL; tRIpLEtREE CApItAL pARtnERs
seCTor
GEnEtIC sERvICEs & tECHnOLOGy
websiTe
WWW InFORMEDDnA COM
InformedDNA is the leading provider of tech-enabled advisory and benefit management solutions for genetic testing led by the nation’s largest full-time staff of independent board-certified genetic specialists. By providing access to genetics experts for patients, providers, and payors and ensuring appropriate genetic counseling and test utilization, unnecessary lab tests and costs are reduced while delivering accurate information to inform downstream decision-making.
YOUR GENOMICS PARTNER FOR: YOUR GENOMICS PARTNER FOR:
suPerior PaTienT anD ProviDer exPerienCe
InformedDNA has garnered Net Promoter Scores in the 69-76 range—more than 60 percent higher than the industry average. These scores are comparable to some of the best consumer-oriented businesses in the nation.
Improving healthcare by enabling payment simplicity and bridging the gap between health and finances.
Lynx empowers payors and benefit companies to deliver a best-in-class consumer payment experience through simplified, integrated, API-connected technology. With one integration Lynx enables your members to purchase healthcare products and services via their Supplemental Benefits, Consumer-Directed Accounts or ICHRA benefits. The result is members who can better afford, engage with, and pay for their healthcare at scale.
aPProaCH
COMbInEs A bEst-In-CLAss AnD
MODERn FIntECH pLAtFORM WItH
DEEp HEALtHCARE ExpERtIsE
tO bEttER EnGAGE COnsUMERs
ACROss COMMERCIAL, MEDICARE
AnD MEDICAID pLAns
Team HigHligHTs
CEO, MAtt REnFRO, FORMER CHIEF pRODUCt & stRAtEGy OFFICER OF OptUM bAnk; CIO, kEn AbEL, FORMER CHIEF InFORMAtIOn OFFICER OF OptUM bAnk
Co-invesTmenT ParTners
.406 vEntUREs; FLARE CApItAL pARtnERs; ObvIOUs vEntUREs
seCTor
HEALtHCARE pAyMEnts sOLUtIOns
websiTe
3 x
CONSUMER ENGAGEMENT WITH FINANCIAL PROGRAMS COMPARED TO HEALTH PROGRAMS.
Lynx connects financial and physical health to drive greater engagement and outcomes.
Improving healthcare by ensuring rural Americans receive access to the
Main Street Health is a value-based healthcare company focused exclusively on serving rural Medicare Advantage members using a risk-bearing care delivery model in partnership with local providers and pharmacies.
reaCH
MAIn stREEt’s CLInICAL MODEL, sUppORtED by HEALtH nAvIGAtORs AnD A pROpRIEtARy tECH pLAtFORM, WILL sCALE tO 1,258 LOCAtIOns ACROss 22 stAtEs WItH ~4.4 MILLIOn CLInIC pAtIEnts
Team HigHligHTs
pREsIDEnt, bEnnEtt GRAHAM, FORMER svp OF OpERAtIOns At AspIRE HEALtH
Co-invesTmenT ParTners
OAk HC/Ft; stRAtEGIC InvEstORs
seCTor
RURAL HEALtHCARE EnAbLEMEnt
websiTe
WWW.MAInstREEtRURALHEALtH.COM
Improving healthcare outcomes and costs associated with Chronic Kidney Disease.
Focused on providing in-home care management services to patients with Chronic Kidney Disease (CKD) and End Stage Renal Disease (ESRD), Monogram partners with existing networks of nephrologists and dialysis providers to build relationships between nurses and patients that directly lead to better patient outcomes and reduce the total cost of care.
TEAM HIGHLIGHTS
CEO, MIkE UCHRIn, FORMER pREsIDEnt & CEO OF HEALtH CHOICE
CO-INVESTMENT PARTNERS
HERItAGE GROUp; nORWEst vEntURE pARtnERs; tpG GLObAL; stRAtEGIC InvEstORs
SECTOR
kIDnEy DIsEAsE MAnAGEMEnt
websiTe WWW.MOnOGRAMHEALtH.COM
PATIENT FIRST, PHYSICIAN LED, kIDNEY CARE MANAGEMENT
Supporting patients suffering from Chronic Kidney Disease by forming deep rooted relationships and preparing them both emotionally and physically for the challenges of managing the disease state.
Improving healthcare by offering behavioral health learning and engagement resources through video content and learning modules for providers, patients, and payors.
Psych Hub is the most comprehensive platform for online education on mental health, substance use, and suicide prevention topics in the world, offering a first-ofits kind experience through Learning Hubs for providers, professionals, and allies.
26 %
Adults in the U.S. have unmet needs for mental health services
THE HUB?
imPaCT tHROUGH pRIORItIZED UsER EnGAGEMEnt, COURsE COMpLEtIOn RAtEs ARE 5x tHE InDUstRy AvERAGE
Team HigHligHTs
CO-FOUnDER, pAtRICk kEnnEDy, FORMER U.s. COnGREssMAn; CEO, sCOtt HEALy, FORMER svp OF CARE COM
Co-invesTmenT ParTners HC9; HEALtHstREAM
seCTor bEHAvIORAL HEALtH EDUCAtIOn
websiTe WWW.psyCHHUb.COM
Behavioral Health Clinicians Payors/Health Systems Employers
Improving healthcare by modernizing and democratizing access to high-quality ABA therapy for children on the spectrum through innovative technology solutions.
SpectrumAi is a behavioral software and analytics company that helps national ABA providers drive tangible operational efficiencies, improve workforce retention, scale their workforce, reduce reliance on incumbent technology and accelerate time to reimbursement. Spectrum also leverages its network of ABA practice partners to contract with employers and payers and accelerate time to treatment and quality of ABA care for members.
INNOVATIVE SOLUTIONS FOR LIFE-CHANGING THERAPIES
markeT review
~ 1 In 44 AMERICAn CHILDREn HAvE
AUtIsM spECtRUM DIsORDER
Team HigHligHTs
FOUnDER & CEO, LInG sHAO, pREvIOUs
ExECUtIvE At bUOy HEALtH, OptUM, AMWELL, UHC
Co-invesTmenT ParTners
AUtIsM IMpACt FUnD; CObALt vEntUREs; Cvs HEALtH vEntUREs; F-pRIME CApItAL
seCTor
vALUE-bAsED spECIALty CARE sOLUtIOns
websiTe
WWW.spECtRUMAI COM
▼ MODERN COLLECTION DOCUMENTATION DRIVES EFFICIENCIES , REDUCES TURNOVER AND ENHANCES INSIGHTS FOR BETTER CARE .
▼ MEDICAL ANALYTICS TO IDENTIFY AND REIMBURSE FOR HIGHPERFORMING CARE .
Improving healthcare through a patient-centric, value-based oncology platform offering care navigation and benefit management services to payors and their members.
Thyme Care works with health plans to identify members who are at risk of developing cancer earlier, quickly navigate patients to high-value oncology practices and deliver ongoing patient-centered, personalized care through a multidisciplinary care team.
tHe ProbleM:
65% of patients consider pretreatment the most frustrating period of the journey.
I just found out I have cancer. What should I do??? How many opinions should I get?
What doctor should I see?
a coMPleX, frustratIng PatIent journey
19% of patients believe they are fully aware of all the resources available to them when facing treatment for a new condition.
87% of patients say they want one point of contact to help them manage their health.
imPaCT
~50k MEMbERs MAnAGED by tHyME , AvERAGE $429 pMpM sAvInGs FROM CORE nAvIGAtIOn sERvICEs; 20% REDUCtIOn In ACUtE CARE ADMIssIOns, 50% MEMbER EnROLLMEnt RAtE , 9.7/10 MEMbER sAtIsFACtIOn RAtE
Team HigHligHTs
FOUnDER & CEO, RObIn sHAH, FOUnDInG MEMbER AnD FORMER
CHIEF COMMERCIAL OFFICER OF OnEOnCOLOGy
Co-invesTmenT ParTners
COnCORD HEALtH pARtnERs; FOREsItE CApItAL; tOWn HALL vEntUREs; Cvs HEALtH vEntUREs; ALLEyCORp; A16Z
seCTor
vALUE-bAsED spECIALty CARE sOLUtIOns
websiTe
WWW.tHyMECARE COM
Improving healthcare by aligning payor and provider value-based incentives through point-of-care solutions.
Vim’s integrated solutions empower providers with the data, decision support, and performance visibility they need to optimize performance and succeed in value based agreements. By leveraging advanced integration technology, Vim dramatically reduces the time and effort required for payors to connect to provider EHRs and practice management systems.
PaTienT HealTH HisTorY
orDer assisT & reFerral guiDanCe
imPaCT
• 22k LIvE UsERs
• 1.6M (31%) DIAGnOsIs GAps ADDREsED AnnUALLy
Team HigHligHTs
CEO, OROn AFEk, 4x bUsInEss FOUnDER AnD FORMER IsRAEL spECIAL FORCEs
Co-invesTmenT ParTners AntHEM; GREAtpOInt vEntUREs; OptUM vEntUREs; sEQUOIA CApItAL; WALGREEns; OtHER stRAtEGICs
seCTor vbC EnAbLEMEnt AnD IntEROpERAbILIty
websiTe WWW.GEtvIM.COM
CliniCal DaTa sHaring
How i T ’ S PA i D f o R
How i T ’ S D EL i VERED
How
markeT review
CURREntLy sERvInG 20 stAtEs WItH AntICIpAtED ExpAnsIOn
Team HigHligHTs FOUnDERs, ED AnD tODD pARk, pREvIOUsLy FOUnDED AtHEnAHEALtH
Co-invesTmenT ParTners vEnROCk; OAk HC/Ft: AnDREEssEn HOROWItZ
seCTor tECH-EnAbLED HEALtH InsURAnCE
websiTe
WWW DEvOtED COM
Improving healthcare by redesigning Medicare Advantage through an integrated, tech-enabled plan design.
Devoted Health's integrated benefit model aims to lower costs and create better outcomes with expansion of primary care services, world-class software and analytics, improved network utilization and a highly prioritized commitment to consumer service.
Improving healthcare by identifying top healthcare talent through an innovative crowdsourcing model.
Relode combines real-time labor market data with network based recruiting to deliver top talent for healthcare companies at scalable economics.
Relode does an exceptional job finding top talent quickly for us through their innovative crowdsourced model. The candidates presented come well prepared for their interviews with our team, and speak so highly of their relationships with the Relode agents who referred them.
– relode clIent
reaCH
300+ CUstOMERs sERvED 4,000 spECIALIZED RECRUItERs
Team HigHligHTs
CEO, pEtER CLARE, FORMER pREsIDEnt OF JObvItE, HAs 20+ yEARs OF stAFFInG ExpERIEnCE
Co-invesTmenT ParTners HERItAGE GROUp
seCTor
tECH-EnAbLED HEALtHCARE stAFFInG
websiTe
WWW RELODE COM
Spero Health is one of the largest outpatient providers of Medication Assisted Treatment (MAT) for opioid addiction by combining counseling, medication management, case management and Intensive Outpatient Programs (IOP) to treat Substance Use Disorder (SUD).
COUNSELING
Individual and/or group sessions to help patients stick to their recovery plans.
PHYSICIAN SERVICES
Evidence-based practices, including screenings, personalized recovery plan and medication.
RECOVERY SUPPORT
Helping patients with employment, housing, healthcare, education, recovery skill-building and more.
imPaCT
sERvInG MORE tHAn 13k pAtIEnts MOntHLy
Team HigHligHTs
CEO, stEvE pRIEst, FORMER svp & CHIEF WIsDOM OFFICER At DAvItA HEALtHCARE pARtnERs
Co-invesTmenT ParTners
HERItAGE GROUp; HEALtH vELOCIty
seCTor sUbstAnCE UsE DIsORDER tREAtMEnt
seCTor WWW.spEROHEALtH.COM
PRIOR PARTNERSHIPS
Improving healthcare by producing high satisfaction at a lower cost through risk-based palliative care.
sTaTus: ACQUIRED by ELEvAnCE HEALtH (FkA AntHEM)
Co-invesTmenT ParTners: Gv; OAk HC/Ft; bCbs vEntUREs
seCTor: COMMUnIty-bAsED pALLIAtIvE CARE
Improving healthcare by empowering better care collaboration with realtime, actionable patient notifications for physicians and health plans.
sTaTus: ACQUIRED by pOIntCLICkCARE
Co-invesTmenT ParTners: Abs CApItAL pARtnERs; tRIpLEtREE CApItAL pARtnERs
seCTor: DAtA IntEROpERAbILIty sOFtWARE & sERvICEs
Enhancing healthcare through technology and comprehensive support services, enabling payors to deliver whole-person health, LTSS benefits, and risk management.
sTaTus: ACQUIRED by ELEvAnCE HEALtH (FkA AntHEM)
Co-invesTmenT ParTners: OAk HC/Ft; stRAtEGIC InvEstORs
seCTor: HOME AND COMMUNITY-BASED SERVICES
Improving healthcare through an end-to-end patient communication and workflow platform, enabling virtual care/automated practice administration.
sTaTus: ACQUIRED by MODMED
Co-invesTmenT ParTners: FIRstMARk CApItAL; GRADIEnt vEntUREs
seCTor: VIRTUAL CARE TECHNOLOGY
Improving healthcare by digitizing clinical workflows to provide automated and live care management for patients.
sTaTus: MERGED WItH COMMURE
Co-invesTmenT ParTners: A16Z; GEnERAL CAtALyst; tRAnsFORMAtIOn CApItAL
seCTor: HEALtHCARE tECHnOLOGy
PRIOR PARTNERSHIPS
Improving healthcare through high touch, home and community-based behavioral health services for adults and their infants.
sTaTus: MERGED WItH 180 HEALtH pARtnERs
Co-invesTmenT ParTners: ALtItUDE vEntUREs
seCTor: MAtERnIty sERvICEs
Improving healthcare through Recovery at Home and Rapid Advanced Care models, providing readmission prevention and utilization reduction solutions for high-risk populations.
sTaTus: MERGED WItH READy REspOnDERs
Co-invesTmenT ParTners: DEERFIELD MAnAGEMEnt; EMERsOn COLLECtIvE; Gv; tOWn HALL vEntUREs
seCTor: On-DEMAnD MObILE CARE
Improving healthcare by empowering community oncology and driving the future of cancer care in the U.S.
sTaTus: ACQUIRED by CEnCORA (FkA AMERIsOURCEBERGEn) AnD tpG
Co-invesTmenT ParTners: GEnERAL AtLAntIC
seCTor: ONCOLOGY PHYSICIAN SERVICES
Improving healthcare by integrating high-quality clinical research with the independent practice of medicine, transorming patient outcomes at the point of care.
sTaTus: ACQUIRED by vItRUvIAn pARtnERs
Co-invesTmenT ParTners: pAnORAMIC vEntUREs; stRAtEGIC InvEstORs
seCTor: INTEGRATED CLINICAL RESEARCH
Improving healthcare by expanding access to high quality virtual behavioral health services.
sTaTus: MERGED WItH InsIGHt tO FORM ARRAy bEHAvIORAL CARE
Co-invesTmenT ParTners: Cvs vEntUREs; HARbOUR pOInt CApItAL; HEALtH vELOCIty CApItAL; HLM vEntURE pARtnERs; WELLs FARGO stRAtEGIC CApItAL
seCTor: vIRtUAL bEHAvIORAL HEALtH
CONTINUED
Improving healthcare by fostering industry transparency and empowering providers and payors to achieve efficiency in strategic decision making.
sTaTus: ACQUIRED by syntELLIs pERFORMAnCE sOLUtIOns
Co-invesTmenT ParTners: bLUE HEROn CApItAL; FULCRUM EQUIty pARtnERs
seCTor: HEALTHCARE DATA ANALYTICS SOFTwARE
Improving hospital system integration to ultimately lower costs.
sTaTus: ACQUIRED by HCA HEALtHCARE
Co-invesTmenT ParTners: MARtIn vEntUREs; stEp 5 CApItAL
seCTor: PURCHASED SERVICES MANAGEMENT
Improving healthcare through evidence-based conservative care delivery that improves patient outcomes and reduces healthcare costs.
sTaTus: ACQUIRED by ALtItUDE vEntUREs
Co-invesTmenT ParTners: ALtItUDE vEntUREs
seCTor: ORTHOPEDIC & PT SERVICES
ABOUT US
a Team DeDiCaTeD To imProving HealTHCare
At Frist Cressey Ventures, our mission is focused on transforming healthcare to improve lives. We invest in technology and service businesses with viable solutions that improve quality of care, system integration, patient outcomes, and population health and well-being. We join like-minded entrepreneurs who share similar core values in their pursuit to improve healthcare.
ARE ALL AbOUt Is OF HEALtH.”
ENATOR BILL FRIST
CHAnGE Is HEALtHCARE RAtE. tHOsE D stILL OR stICk RADItIOnAL WAys HE WAy OF tHE s.”
CRESSEY
TRANSFORMATIVE LEADERS & BOLD VISIONARIES MEET
LASER-FOCUSED DISRUPTERS
