Participated · Series B · Sep 2021

Xealth is a Seattle-based company that develops digital health enablement solutions for health systems. Its platform allows providers to prescribe and monitor digital health content, apps, and services as easily as medications. The platform incorporates custom data and analytics so health systems can track, analyze, and evaluate digital health use through its integration platform. Led by CEO Mike McSherry, Xealth reports 12 million orders sent, 100,000 providers engaged, and three million patients reached to date. The company received an investment from Morningside Ventures and intends to use the funds to expand operations and its development efforts. The amount and instrument of the investment were not disclosed in the announcement. Xealth provides a platform that centralizes integration, prescribing, monitoring and governance for digital health tools within clinician workflows. The platform is tightly integrated with EHRs and has full integrations with the largest EHR vendors. It is available to more than 100,000 physicians and its deployments demonstrate a 50–80% reduction in integration and deployment costs while driving substantial patient engagement. Xealth is backed by health systems and strategic investors, including Cerner, Novartis, Philips, ResMed, McKesson Ventures, Threshold Ventures and LRV Health. The company plans to use the new funding to roughly double its team and to fund product innovation, including enhancements to its intelligence engine to better match tools to patients and scale deployments across the U.S. Spun out of Providence St. Joseph Health in 2017 and based in Seattle, Xealth has raised $52.6 million to date. Xealth provides a platform that enables health systems to organize, integrate, deploy and activate digital health tools and programs. Through the platform, clinicians can find and order digital health tools directly from the EHR workflow, send those digital orders to patients' smartphones or desktops, monitor patient engagement and analyze the effects of more engaged patients. The company raised an additional $3M in its Series A, bringing the round to $14M total, and intends to use the funds to advance development and deployment of its platform for digital health programs. Xealth spun out of Providence St. Joseph Health in 2017 and is led by CEO Mike McSherry; it is based in Seattle, Washington. It works with health systems including UPMC, the Froedtert and the Medical College of Wisconsin health network, Duke Health and other leading health systems. Xealth is a digital prescribing platform that enables clinicians to integrate, prescribe and monitor digital health tools for patients from their EHR workflows. Its platform supports patient education, online third-party apps and programs, device monitoring, and non-clinical services such as ride shares, food delivery and e-commerce recommendations. Care teams and physicians can monitor patient engagement and analyze the effects of more engaged patients. Originally incubated and spun out of Providence St. Joseph Health in 2017 and led by CEO Mike McSherry, the company is based in Seattle, WA. Xealth works with health systems including UPMC, the Froedtert and the Medical College of Wisconsin health network, Baylor Scott and White, and Duke. The company raised $11m in a Series A to accelerate expansion of its platform. Xealth is launching a digital prescribing and analytics platform that lets physicians and clinicians prescribe and track educational health content, disease-management apps, and monitoring devices directly from their EMR charting interface. The platform aggregates and filters a variety of content sources into a care provider’s existing EMR workflow, simplifying creation of a customized patient experience. Clinicians can discuss digital tools during appointments, track patient usage afterward, and schedule reminders to encourage engagement. Patients access prescribed digital health tools through their health system’s secure patient portal. Xealth was founded in 2016 by Mike McSherry and was incubated within Providence’s Digital Innovation Group. The company has raised $8.5M to support launch and expansion with participating health systems planning broader integration and use of third-party digital solutions.

Led · Equity · Feb 2020

Twistle provides a care-pathway automation platform that delivers personalized, automated education and multi-channel communications to patients before, during, and after clinic or hospital visits. Its product offers “turn-by-turn” guidance and engages patients via secure messaging, interactive voice response, patient portals and a mobile app. Twistle integrates with EHRs, wearables and devices, collects patient-reported outcomes, and reduces clinician burden while aiming to improve adherence and outcomes. In the past year Providence expanded Twistle across more than 17 hospitals, and the company has helped more than 150,000 patients navigate surgeries, chronic disease, and wellness. Twistle says it will accelerate product development and innovation to scale its solution with support from strategic health system investors. Founded in 2011 and based in Seattle, Twistle completed a funding round of over $18 million in February 2020. Twistle builds a HIPAA-compliant mobile app that delivers personalized engagement to patients before and after surgeries, procedures and visits. The app sends automated messages, forms and surveys and actively notifies clinical teams only about patients who need attention. Twistle’s platform is intended for use by doctors and nurses to maintain patient communication and monitor post-procedure recovery. The company is led by CEO Kulmeet Singh, VP Product Dave Ross and CTO Harjinder Sandhu. Twistle is based in Albuquerque, NM and also maintains a West Coast office in Seattle, WA. Financially, the company has completed an initial $330K raise and is pursuing a larger offering with a final target between $1M and $1.5M according to an SEC filing.

Participated · Equity · Oct 2019

AVIA is a Chicago-based partner for digital health insights, strategic guidance, and consulting services that helps health systems navigate healthcare digitization. Members of the AVIA Innovator Network access market intelligence, collaborative initiatives, and consulting to accelerate digital transformation. The company supports clients with digital roadmaps, board- and executive-level strategy work, and the AVIA Connect platform to link participants. AVIA focuses on building next-generation digital front doors, virtual health, Medicaid transformation, automation to unlock workforce capacity, and addressing consumerism, population health, and risk-based arrangements. It serves more than 50 healthcare organizations nationwide and counts 12 member-owner health systems. AVIA recently raised $22 million to expand its services, topical coverage, and markets. AVIA is a consulting firm that connects large hospital systems with startups to accelerate adoption of new technologies and address strategic business issues. The company screens potential partners and builds road maps to shorten procurement and contracting timelines. AVIA has grown its membership to 22 health systems whose networks operate more than 350 hospitals. In two-and-a-half years AVIA expanded headcount from 10 to 36 employees and plans to double headcount in the next year. Financially, AVIA raised a $7.2 million Series C in 2016 and had previously raised $6 million two years earlier. The firm is based in Chicago and sells strategic advisory services to its hospital members.

Led · Equity · Feb 2019

MedCity Media is a Cleveland-based company founded by journalists with deep online editorial and healthcare reporting experience, including President Chris Seper and Mary Vanac. Its flagship offering, MedCity News, delivers original reporting on the economics of healthcare to digital, print and broadcast outlets. The company also runs MedCity Custom, which creates on-demand healthcare content produced by seasoned media professionals, and licenses The MedCity News Service for organizations needing specialized healthcare coverage. Revenue details and user metrics were not disclosed in the article, but the firm’s business model centers on producing high-quality, industry-specific content for stakeholders across the healthcare ecosystem. With fresh funding, MedCity Media plans to expand its demonstration markets beyond Cleveland and Minneapolis/St. Paul to include Raleigh/Durham and Philadelphia. This geographic growth is intended to bolster the company’s presence in key U.S. healthcare hubs and showcase the scalability of its content generation model.

Led · Equity · Feb 2019

NarrativeDx is an Austin, Texas–based company that uses artificial intelligence to analyze patient comments, grievances and online reviews and returns actionable insights to hospitals in the form of charts and graphs. The company holds a U.S. patent covering automated analysis of patient feedback. It is adding a product line focused on physician and nurse feedback to help reduce employee burnout and turnover; that tool is live at pilot clinics. NarrativeDx intends to use new funding to boost sales and marketing, continue product innovation and hire additional talent. The startup has raised $7.1 million to date, including earlier funding rounds in 2016 and 2017. The company was founded by Kyle Robertson and Senem Guney. NarrativeDx builds a patient-experience analytics tool that applies natural language processing to add context to patient satisfaction surveys and free-text comments. The company says it developed an adaptive rounding tool that generates real-time, facility-specific questions for patients. CEO and co-founder Kyle Robertson told MedCity News the business has been "growing rapidly" over the past year and recently added clients including Christiana Care Health System and Stanford Children’s Hospital. NarrativeDx participated in the Dreamit Health accelerator in 2014 and has previously secured investment from Dreamit and Live Oak Venture Partners. Last year it raised a $500,000 seed round co-led by Austin-based Capital Factory and Silverstone Partners. The company intends to use the new funding to add sales staff as part of its expansion of patient experience analytics offerings. NarrativeDx is a patient-feedback startup that has run pilots with Penn Medicine and Independence Blue Cross and serves customers in New York and Texas. The three-person founding team includes cofounders Senem Guney and Kyle Robertson; Guney holds a Ph.D. from the University of Texas at Austin. The company graduated DreamIt Health and participated in the Philly Startup Leaders Accelerator, and Guney was named an Alliance of Women Entrepreneurs fellow. NarrativeDx recently closed a $650,000 financing round structured as convertible debt and plans to use the proceeds to grow the team. The startup relocated from Philadelphia to Austin in May at the request of its investors. The founders also gained attention at SXSW—finalists in an Impact Pediatric Health pitch competition—where they pitched to Mark Cuban, which helped attract additional funding.