Participated · Series D · Jul 2022

Elation Health provides a clinical-first technology platform built on a collaborative EHR to support primary care practices. Since 2010 the company has focused on solutions that help practices start, grow, communicate, and deliver personalized care. It serves roughly 24,000 clinicians caring for millions of Americans and counts Crossover Health, Cityblock Health, and Firefly Health among its customers. Led by CEO Kyna Fong, Elation positions itself as a backbone for primary care innovators. The company plans to use new capital to continue expanding operations and broadening its business reach. Elation Health provides an easy-to-use, API-enabled clinical technology platform that includes an EHR, enterprise APIs, revenue cycle services, a patient engagement app, and interoperability partners for independent primary care. Founded in 2010 by siblings Kyna and Conan Fong, the company powers a network of more than 14,000 independent primary care clinicians caring for seven million patients. This year Elation surpassed a milestone of delivering over 20 million in-office and virtual visits through its provider network. In response to the COVID-19 pandemic, Elation added HIPAA-compliant telehealth, deeper support for Medicare and Medicaid quality programs, and new patient engagement capabilities. It partners with primary care innovators such as Crossover Health and Cityblock Health to provide the underlying clinical platform for technology-enabled, team-based care. The company plans to continue investing in its core platform while adding billing and payment collection, patient population management, interoperability, and quality reporting capabilities to support independent practices shifting to value-based, data-driven care models. Elation Health is a cloud-based, patient-focused care platform that connects patients to their providers in a dynamic health information network. The platform enables providers in different organizations to share information and collaborate on mutual patients at the point of care. Founded by Kyna and Conan Fong and formerly known as ElationEMR, the company is based in San Francisco, CA. Elation Health raised $15M in a Series B led by DFJ, with participation from Martha Marsh and Charlie Cheever. The company is also backed by Aberdare Ventures. It will use the funds to expand operations.

Led · Series A · Dec 2021

Ilumed operates a direct contracting program for traditional fee-for-service Medicare, using a scalable proprietary technology platform to stratify and manage patient risk and identify preventive care opportunities. The company focuses on value-based care, addressing social determinants of health and improving outcomes for underserved senior populations in rural and urban areas. Ilumed is one of 53 Direct Contracting Entities approved by CMS under the Global and Professional Direct Contracting (GPDC) Model. Management emphasizes integrated care coordination and partnerships with clinicians to deliver accountable, high-quality care. The company announced plans to double its clinician base and increase its number of covered Medicare beneficiaries more than six-fold in 2022. Ilumed plans to use financing proceeds to grow clinician partnerships and expand its Medicare beneficiary base.