Led · Equity · Aug 2022

Qventus provides AI-based software that automates care operations across operating room and inpatient settings. The platform integrates with EHRs and leverages Generative AI, machine learning, and behavioral science to predict operational bottlenecks, recommend remedies, and automate processes. Its core offerings include Surgical Growth/Perioperative and Inpatient Capacity solutions that help care teams optimize patient flow and reduce cognitive load. In the last year its Inpatient Solution eliminated over 36,000 excess days for health system partners, saving them millions, and its Perioperative Solution generated $95M in annualized contribution margin in 2024 through Qventus-enabled cases. Led by CEO Mudit Garg and founded in 2012, the company intends to expand its AI Operational Assistants into new care settings beyond its current solutions. It plans to use recent funding to accelerate development and commercialization of those solutions. Qventus offers an AI-based SaaS platform purpose-built to automate care operations, integrating with EHRs and using AI, machine learning, and behavioral science. Its solutions target inpatient, perioperative, emergency department, and command center functions to improve operational workflows. The company partners with leading health systems, including Boston Medical Center, HonorHealth, M Health Fairview, Mercy, and Saint Luke’s Health System. Qventus is led by co-founder and CEO Mudit Garg and continues to expand its footprint across U.S. hospitals. Financially, the company recently attracted outside funding, including a $3M investment tied to prior growth financing announced in February 2022. Qventus provides AI-based software for care operations automation that integrates with EHRs. The platform uses AI, machine learning, and behavioral science to power practice solutions for inpatient, perioperative, emergency department, and command center settings. It partners with health systems including Boston Medical Center, HonorHealth, M Health Fairview, Mercy, and Saint Luke's Health System. Reported outcomes include fewer excess days, reductions in length of stay, and new cases added per operating room per month. The company is led by CEO Mudit Garg. Qventus plans to use the funding to expand its technology to additional hospitals and health systems across the United States. Qventus offers an AI/ML-driven software platform that streamlines and automates hospital workflows to improve flow, throughput and patient experience across emergency departments, perioperative areas, inpatient units, pharmacy and outpatient access. The platform acts as a “System of Action,” combining data, technology and people to enable real-time decision making and collaborative issue mitigation. Qventus provides modular capabilities for ED flow, perioperative scheduling, inpatient operations, patient safety and pharmacy operations. The company reports deployments at major U.S. health systems including NewYork-Presbyterian, Emory Healthcare and the Mercy health system, and its software has enabled more than 3.8M patient encounters to date. Qventus is based in Silicon Valley/Mountain View and plans to use new capital to continue rapid expansion of its AI-based platform across health systems. analyticsMD, based in Mountain View, CA and led by CEO Mudit Garg, provides an AI-powered hospital operations software platform. The platform collects large amounts of messy healthcare data, processes it in real time to predict issues and outcomes, and recommends immediate course-corrections that are sent to frontline teams. It addresses operational challenges across emergency departments, perioperative areas, inpatient and outpatient settings. The software is used by community, academic and public hospitals including Lucile Packard Children’s Hospital Stanford, El Camino Hospital, Sutter Auburn Faith Hospital, St. Joseph’s Medical Center, Medstar Montgomery Medical Center, Natividad Medical Center and Mercy. analyticsMD plans to use new funding for product development and to accelerate delivery of its AI platform to U.S. health systems.

Participated · Series B · Jul 2021

b.well Connected Health operates a scalable, FHIR-based platform that enables healthcare organizations to place consumers at the center of digital interactions and unify health data across providers, payers, labs, and devices. The company has integrations with Samsung to give Galaxy users control over longitudinal health records and personalized insights, and it recently introduced an IAL2-certified federated identity solution with CLEAR. b.well counts partners and customers including Walgreens, Northwell Health, Lee Health, and ThedaCare, and reports over 50,000 consumer-generated data connections. The company says its technology helps surface services within growing digital healthcare ecosystems and makes consumer healthcare experiences more transparent and shoppable. b.well is led by CEO and Founder Kristen Valdes and is positioning to scale personalized, easy-to-access healthcare experiences. The company announced the close of a $40 million Series C growth round to support that expansion. b.well Connected Health offers a digital transformation platform that aggregates health data from providers, insurers, labs, pharmacies, wearables, devices and apps so end users can access it on phone or PC. The platform delivers personalized, proactive health guidance and navigation to in-person or virtual care. It helps organizations manage population health initiatives including Medicare Advantage risk-based contracts, Direct Contracting, and Accountable Care Organizations. Led by founder and CEO Kristen Valdes, the company serves patients, health plan members and employees. b.well plans to use the Series B proceeds to increase market penetration and advance product innovations. The company is based in Baltimore, MD. b.well Connected Health offers a middleware platform that aggregates data, insights and partners into a single, customized consumer front end for healthcare. The platform connects existing programs to achieve interoperability and aggregation across the healthcare ecosystem. Led by founder and CEO Kristen Valdes, the company positions itself as an overdue integration layer for healthcare organizations and individuals. The product is intended to enable individuals to take control of their healthcare experience. In conjunction with its Series A, multiple strategic health-system and health‑industry partners joined the board. The company has raised over $27M to date. b.well offers a mobile and web platform that aggregates electronic medical records, wearable data and genomic information into a single family health record. The app identifies care gaps, enables connections with doctors, compares pharmacy prices, and provides rewards for hitting health goals through local partners. A social feature called Health Tribe lets users share selected data with family and friends. The service is offered to consumers at $10 per month, and b.well also sells to healthcare plans and providers; it is set to power Evergreen Health’s new app. Since April the team has grown to 13 employees and the company has taken in $2.5 million in outside investment. Founder and CEO Kristen Valdes, who has 16 years in healthcare including roles at XL Health and through its acquisition by UnitedHealthcare, runs the Betamore-based Baltimore startup.

Led · Equity · Feb 2016

Smart Choice MRI operates outpatient MRI clinics that charge consumers $600 or less for scans, including radiologist interpretation. Led by CEO Rick Anderson, the company has expanded from two clinics to 17 locations across Illinois, Wisconsin and Minnesota, with two new facilities opening next month. It is accredited by the American College of Radiology and is in-network with major insurers including United Health Care, Anthem and Humana. The company plans to use the new funds to increase consumer adoption and to expand regionally and nationally over the next five years, including new locations in Colorado. To date, Smart Choice MRI has raised $22m in capital investment from hospital systems and strategic investors. The company is based in Chicago, Illinois. Smart Choice MRI is a Mequon, Wisconsin–headquartered imaging provider that charges an all-inclusive fee of $600 or less for every MRI. The company uses GE technology and has scans interpreted by sub-specialty, board-certified radiologists at the Cleveland Clinic. It is accredited by the American College of Radiology and is in-network with major insurers including UnitedHealthCare, Anthem, and Humana. Smart Choice operates six clinics in Wisconsin (Milwaukee, Sheboygan, Richfield, Waukesha, Kenosha, and Appleton) and three in the Chicago suburbs (Schaumburg, Glenview, and Skokie), with a downtown Chicago clinic scheduled to open in July. The company plans national expansion and will break ground on five new Chicago-area clinics and expand into Minneapolis beginning in the fall. Recent investments are funding that expansion, and Bill Kottmann will join Smart Choice MRI’s board to represent a system investor. Smart Choice MRI offers high-quality magnetic resonance imaging to patients for an all-inclusive fee of $600 or less, which covers the scan and interpretation by Cleveland Clinic radiologists. The company is accredited by the American College of Radiology and is in-network with major insurers including UnitedHealthcare, Anthem and Humana. Headquartered in Mequon, WI, Smart Choice MRI currently operates six Wisconsin clinics in Milwaukee, Sheboygan, Richfield, Waukesha, Kenosha and Appleton. The company announced an aggressive expansion plan for 2016, scheduling at least eight new clinics (including multiple Chicago-area sites and four in the Twin Cities) and detailed openings of additional Chicago-area locations with specific early-2016 dates. Smart Choice MRI positions itself as a consumer-driven, service-oriented imaging provider focused on lower out-of-pocket costs. The company will use new capital to support that planned clinic expansion. Smart Choice MRI provides Magnetic Resonance Imaging (MRI) solutions to patients, offering scans for a fee of $600 or less that include the scan and interpretation by Cleveland Clinic radiologists. The company is accredited by the American College of Radiology and accepts major insurance programs including United Health Care, Anthem and Humana. It operates clinics in Milwaukee, Sheboygan, Richfield, Waukesha, Kenosha and Appleton. Smart Choice MRI raised $6.5M in growth capital in a round led by F Street Capital, LLC, which contributed $2.5M, alongside a core group of legacy and new investors. The company intends to use the funds to support national expansion, beginning with Chicago. Rick Anderson is the company's CEO.