Today, three health care industry leaders announced the formation of Town Hall Ventures, a venture capital firm that will seek to invest in health care technology and service companies transforming care delivery to America’s most vulnerable populations. The firm is being built on a foundation of broad and deep expertise in building companies to improve care in Medicare, Medicaid, risk-based care, complex conditions and in addressing social determinants of health. These areas of focus touch almost 120 million Americans and approximately $1.2 trillion in annual health care spending.
Oxeon, in partnership with Intermountain Healthcare, is pleased to announce the launch of Empiric Health, a company that will offer a program to enable evidence-based care. Empiric is a technology-enabled service that will address variation in healthcare costs and outcomes for both clinicians and health system administrators.
Oxeon is pleased to announce the placement of Kim LaFontana as Chief Product Officer at Docent Health. Kim has previously served as a Managing Director at The Advisory Board Company and in Operations and Corporate Development roles at athenaHealth. Docent Health's mission is to help health systems build and retain lasting patient relationships. Docent was founded and launched out of Oxeon's Venture Studio.
New health insurance startup Bright Health today announced it has secured $80 million in Series A funding led by Bessemer Venture Partners and New Enterprise Associates (NEA), with participation by Flare Capital Partners and others. Bright Health will use the funding to support its nationwide rollout to the individual health insurance marketplace. Click here for more information >>>
Simeon Schindelman has joined Brighton Health Plan Services as the Chief Executive Officer. Previously, Simeon was CEO and Chairman at Bloom Health and in executive roles at Medica Health Plans and UnitedHealthcare. Brighton Health Group is a healthcare enterprise dedicated to developing innovative products that align the interests of healthcare providers, employers and other plan sponsors, families, and payers. Their portfolio includes Oxeon client Privia Health, MagnaCare & DWELL Family Doctors. Click here for more information >>>
"I think health systems are starting to transform the way they think about patients, to think about them more as consumers and start providing services to them as they might experience in other industries. These services could include online access and making easier appointments or referrals. Healthcare systems need more real-time feedback on whether they are doing a great job with the patient and the patient experience. Part of the technology we’re building helps them focus on that and helps understand the patient sentiment throughout the journey." - Paul Roscoe, CEO, Docent Health Read the article here >>>
Oxeon clients Omada Health, Bright Health Plan, VillageMD, Quartet Health, and Aspire Health figure prominently in Ezekiel Emanuel's Fortune article on "How Obamacare is Changing the Startup World". Read the article here >>>
Quartet Health, a leading healthcare technology company partnering with health plans and providers to improve the integration of behavioral and medical care, today announced the appointment of Patrick Kennedy to its Board of Directors. While serving as a member of the U.S. House of Representatives, Patrick Kennedy authored the Mental Health Parity Act, a landmark piece of legislation requiring that health insurance companies provide coverage benefits for treatment of mental health conditions that are comparable to coverage provided for physical conditions. Since leaving office, he founded The Kennedy Forum and One Mind for Research to unite policymakers, business leaders, and the scientific communities around improving mental healthcare in our country.
“Patrick is one of the most influential mental health leaders and advocates of our time and we could not be more excited to welcome him to our Board,” says Annie Lamont of Oak HC/FT, who led Quartet’s Series A round. “Patrick’s personal mission and that of Quartet are deeply aligned, and he has focused the national spotlight on destigmatizing and integrating mental healthcare. He is a key addition in our continued efforts to translate proven models to widespread commercial activity that makes integrated mental healthcare a reality for all Americans.”
“Creating better alignment between patients, healthcare providers, and insurers can vastly improve the quality of mental healthcare delivery, especially for individuals who struggle with behavioral health conditions and concomitant physical health conditions,” says Kennedy. “I am excited to join an organization dedicated to improving care for those who suffer from issues I have dealt with myself, and believe that Quartet’s continued success stands to make a profound impact on our society.”
Kennedy joins Quartet’s Board of Directors as an independent member. The Board currently includes Chief Executive Officer Arun Gupta, Chairman Steve Shulman, Annie Lamont of Oak HC/FT, and Board Observer Carl Byers of Fidelity Biosciences. Quartet is funded by Fidelity Biosciences, Polaris Partners, Oxeon Investments LLC and Oak HC/FT.
VillageMD, a management services company that partners with leading healthcare providers to improve care delivery and optimize population health outcomes, has announced the closing of a $36M Series A financing round. The round was led by Oak HC/FT with additional participation from other new and existing investors including Oxeon Partners, LLC. Click here for more information on VillageMD’s Series A>>>
Digital behavioral medicine company Omada Health has raised a $48 million Series C round led by Norwest Venture Partners, with participation from other investors, including two strategics: Humana (NYSE: HUM) and Providence Health & Services. The financing brings Omada's total raised to roughly $77 million, including a $23 million Series B in April 2014 at a $54 million valuation. The company’s flagship program, Prevent, is a digital lifestyle intervention designed to help individuals reduce their risk for obesity-related chronic diseases such as diabetes and heart disease.
Congratulationss to Oxeon clients athenahealth, Grand Rounds, Health Catalyst, Sutter Health, The Advisory Board & The Chartis Group for making Modern Healthcare's 2015 Best Places to Work in Healthcare list! The recognition program, now in its eighth year, honors workplaces throughout the healthcare industry that empower their employees to provide patients and customers with the best possible care, products and services.
Congratulations to Oxeon friend, client and investment, Evolent Health, on their IPO! The Evolent Health executive team, led by their co-founders CEO Frank Williams, President Seth Blackley, and COO Tom Peterson, rang the opening bell at the New York Stock Exchange this morning in celebration. Evolent will be trading under the symbol EVH and raised $195.5 million in an oversubscribed IPO by offering 11.5 million shares at $17, above the range of $14 to $16. They originally planned to offer 10 million shares. Click here for more information>>>
Oxeon is pleased to announce the placement of John Camperlengo and Karen Bartlett at Quartet Health. John is joining as General Counsel from Gentiva Health Services where he served as Chief Compliance Officer and General Counsel. Karen is joining Quartet to lead implementation and was previously a Senior Vice President at Value Options, Inc. Quartet Health is a technology company transforming behavioral healthcare. Quartet is an Oxeon portfolio investment and is additionally funded by Fidelity Biosciences, Polaris Partners, and Oak HC/FT. Click here for more information >>>
Oxeon is pleased to announce the addition of Quartet Health to its client and investment portfolios. Quartet Health is a technology company transforming behavioral healthcare. They work collaboratively with behavioral health clinicians, primary care physicians, patients, and health plans to improve quality of care while reducing the total cost of care through a variety of methods. Quartet is funded by Fidelity Biosciences, Polaris Partners, and Oak HC/FT. Click here for more information >>>
Oxeon is pleased to announce Gwen O'Keefe, previously of Group Health Cooperative, as Chief Medical Officer of Qliance. An Oxeon portfolio investment, Qliance is a leading healthcare organization giving patients convenient, affordable access to highly skilled doctors, nurses and healthcare teams for primary, preventative and urgent care service. Qliance is additionally funded by Second Avenue Partners, New Atlantic Ventures, Clear Fir Partners, Bezos Expeditions, MSD Capital and others. Click here for more information >>>
Oxeon is excited to announce the placement of Robert Tremain, previously of Aetna, and Rick Cochran, previously of Physicians Health Plan, as Market Presidents with Evolent Health. An Oxeon portfolio investment, Evolent Health is the first provider-led, fully integrated platform for population and health plan management for leading health systems, and is additionally funded by UPMC Health Plan, The Advisory Board Company and TPG Growth. Click here for more information >>>
Oxeon congratulates client and portfolio investment, Iora Health on closing their Series C funding round with $28M from four new investors: Foundation Medical Partners, Rice Management Company, GE Ventures and Khosla Ventures. They join existing investors Fidelity Biosciences, Polaris Partners, .406 Ventures and Tony Hsieh, among others. Iora Health will use the additional financing to fund rapid expansion to continue delivering transformative health care. Click here for more information >>>
Oxeon client & investment AVIA, a healthcare accelerator and network of leading health systems, signs deal with the University Hospital Consortium, an alliance of top academic medical centers. Oxeon is also furthering our partnership with AVIA, recently investing in and kicking off a CEO search for WiserCare, a portfolio company of AVIA's innovation fund. Additionally, Trevor Price, Managing Partner at Oxeon, has joined AVIA's Advisory Board.
Oxeon announces investments in HealthyOut, a mobile platform that helps consumers find healthy restaurant dishes based on dietary preferences, and IntelligentM, a Hand Hygiene Compliance Improvement System that reduces preventable hospital-acquired infections. Both companies graduated from Blueprint Health’s Winter 2013 class, and IntelligentM comes up through accelerator StartUp Health as well.