Babel Health Experiences Dynamic Growth Q218

Babel Health Experiences Dynamic Growth in Q2 2018

PITTSBURGH (PRWEB) July 31, 2018

Babel Health, LLC, an innovative provider of an integrated, compliant ETL-based SaaS suite of data management and encounter submission software and services to government health plans, is pleased to announce exceptional growth in the second quarter of 2018. In addition to signing two new clients, Babel Health closed a round of funding totaling $2.45 million and added new staff to support its strategic initiatives.

The financing round includes $1 million in follow-on investments by existing investors, Babel management and founders, as well as $1.5 million from new individual investors and three investment groups: NueCura, 535 Smithfield Partners and Winter Street Ventures. The funds will be used to accelerate product development, maintain world class customer support and ramp up Babel’s already active sales velocity. The raise is a strong validation of the Babel company and product strategy.

“Babel’s extraordinary technology provides an elegant solution for the new challenges faced by health plans in the claims risk adjustment submission process,” stated Don Lazas, MD, Managing Partner of NueCura Partners, LLC. “The company’s superb business and technology leadership and customer-focused strategy are driving accelerated product adoption and capture of market share.”

To support this dynamic growth, Babel Health has hired six new employees in the last six weeks, including a Director of EDI & Configuration, Sr. Developer, Sr. Project Manager, QA Lead, two System Business Analysts and a Sales & Marketing Associate.

“Babel is proud to attract the best and brightest in our industry,” stated Robert Dunn, Babel’s CEO. “Our latest hires have added immediate value and allowed us to sustain our rapid growth while continuing to provide high quality software and services to the government sponsored health plans.”

To learn more about Babel, visit http://www.babelhealth.com.

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ABOUT BABEL HEALTH, LLC

Babel Health provides an innovative, customer-focused approach to the entire risk adjustment submission process for health plans. The company’s integrated SaaS ETL (extract-transform-load) data management platform provides health plans with full transparency and control of the underlying data for business insight and critical day-to-day business decision making across all lines of business. Unlike other solutions in the marketplace, Babel enables its customers to take control of an extraordinarily complex process and provides user-friendly access to the data in order to solve the business problems inherent to risk adjustment submissions. In addition, the Babel team is committed to continually improving our customer’s experience through product enhancements, streamlined processes, clear communication and ethical interactions.

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ABOUT NUECURA PARTNERS, LLC

NueCura Partners, LLC is a Nashville-based angel investment group that focuses on early-stage investment opportunities in the healthcare sector. NueCura is managed by seasoned healthcare business operators and leverages their experience to identify and finance breakthrough technologies and services in the healthcare space. http://www.nuecura.com

NueCura Extends ACA Membership

NueCura extends our membership in the Angel Capital Association for 2018.  All NueCura members now receive complimentary membership as well.

Leankit Acquired

Nuecura is pleased to announce the acquisition of Leankit by Planview.  More information on the transaction can be found HERE.

Venture Nashville Story on NCP/EHA Investment

EXPRESSION Health Analytics, which offers a strategic growth and development platform for outpatient providers and their advisors, has a Seed raise underway and is likely to pull the trigger on a Series A in 1Q 2017.

Angels with Nashville-based NueCura Partners and Expression founders have thus far committed roughly $300K of the projected $500K Seed financing. Expression offices are in Nashville’s Green Hills.

Read the rest HERE:

NueCura Partners Invests in EHA Angel Round

NASHVILLE, Tenn., Oct. 17, 2016 /PRNewswire/ — Expression Health Analytics helps health care organizations succeed in rapidly changing markets by providing purpose-built, analytic insights needed for business growth strategies. Using a big data platform, data from monthly national multi-payer claims and other data sources and data science, they provide answers to their clients’ most complex business questions without the need for data analysts or sophisticated IT. The money raised will allow Expression Health to scale its technology and expand its staff for continued growth. “The health care market is undergoing an evolution unlike any other time we’ve seen, and Expression Health’s analytics are helping health providers understand the complex market forces that impact their business and speed their time to value,” said Don Lazas, Founder and Managing Partner with NueCura Partners. “We are incredibly excited to be backing Expression Health Analytics as they continue to grow and impact health care.”

Logo – http://photos.prnewswire.com/prnh/20161014/428983LOGO

Outpatient health care markets are experiencing (1) consolidation of fragmented outpatient and post-acute companies; (2) introduction of new outpatient and retail providers and settings, and (3) new alignment of providers and payors, among many other changes.  “Provider in these markets not only lack the robust outpatient data needed to understand these market dynamics, they do not have the resources and expertise that are required to create ready-to-use analytics for constructing effective, efficient growth strategies,” says Jeff McDonald, Co-Founder and President of Expression Health. “Our focus on outpatient markets allows us to leverage our data sets and data science techniques to go beyond describing market share and provider referral patterns.  Our predictive and prescriptive analytics build a deeper and richer level of market understanding.”

Karl Rebay, Director of the Strategy Practice in the Health Care Consulting Group at Moss Adams, LLP, a Certified Public Accounting and Business Consulting firm said, “Expression Health’s analytics have brought real value to our work.  Our hospital clients often use their own internal data however they have limited visibility into the business activities occurring outside their walls. The ability to have a granular level of detail about health providers and consumers allows us to design data-driven, targeted strategies that work on behalf of our clients.”

About Expression Health Analytics

Expression Health Analytics helps health care organizations succeed in rapidly changing markets by providing purpose-built, subscription-based analytic insights needed for business growth strategies. Using a big data platform, over 10TB of data, data science and interactive business visualizations, our analytics answers clients’ most complex business questions without the need for data analysts or sophisticated IT.  Founded in 2015, the company is headquartered in Nashville, TN.  For more information, visit www.expressionhealth.com

About NueCura Partners, LLC

NueCura Partners, LLC is a Nashville-based angel investment group that focuses on early-stage investment opportunities in the healthcare sector. NueCura is managed by seasoned healthcare business operators and leverages their experience to identify and finance breakthrough technologies in the healthcare space. www.nuecura.com

NueCura Partners Leads Satchel Investment

Satchel Health, a company that uses connected devices to provide telehealth offerings to post-acute care providers, has raised just over $1 million in angel investments. The round was led by NueCura Partners, a healthcare-focused angel firm in Nashville, Tennessee, where Satchel is also based.

“Our company is committed to making healthcare more accessible. We have a solid track record of delivering ROI to our customers, even as early as in the first 30 days after our platform is deployed,” Ryan Macy, chief executive officer and president of Satchel Health, said in a statement. “With additional support and expertise from our new board members and NueCura Partners, I am confident we will continue to elevate our service offerings and provide cutting-edge telemedicine solutions to augment traditional long-term care.”

Read full article HERE.