Babyscripts adds Royal Philips as an investor. Find out more information here:
Trilliant Health Completes Series A
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
Press Ganey Acquires Bivarus
Leankit Acquired
Nuecura is pleased to announce the acquisition of Leankit by Planview. More information on the transaction can be found HERE.
EHA Acquired By Trilliant Health
NASHVILLE, Tenn.–(BUSINESS WIRE)–Trilliant Health, the parent company of a group of healthcare technology, analytics, and marketing companies, today announced the purchase of Expression Health Analytics, a Nashville-based healthcare data analytics and insights company. Expression Health will be the third business unit to join the Trilliant brand. The first two units, Aegis Health and Clariture Health, merged in June 2017 to form Trilliant Health. The addition of Expression Health will further Trilliant’s goal to build a portfolio of diverse healthcare technology services united by a single mission: to make hospitals stronger.
Welcome to the @TrilliantHealth family, @expressionhlth! #makinghospitalsstronger
Uncertainty and change have become the norm in today’s healthcare landscape. In addition to the ever-changing shifts in reimbursement and coverage, the new world of healthcare presents unique challenges to hospitals, health systems, and other health providers. No matter what happens to healthcare reform—consolidation of healthcare entities, or the move of care from acute to outpatient—it will remain critical for health care providers to grow profitable revenue and increase market share by successfully acquiring new patients and keeping current patients loyal.
In order to meet this challenge, hospitals and providers need robust, real-time insights to make smart, data-driven, strategic decisions. Aegis and Clariture collect and utilize valuable data about consumers as employees, patients, and healthcare shoppers. The foundation of Expression Health’s platform is a national, multi-payer claims database, plus other near-time input sources. By fusing the data from all three entities, Trilliant Health’s clients will gain unprecedented insight and clarity into their markets, providing them the ability to make highly intelligent and accurate decisions for growth.
“Healthcare providers need a partner to turn data into intelligence, helping them better understand their market dynamics, to create ready-to-use “answers” through analytics for constructive, effective, and efficient growth strategies,” says Jeff McDonald, co-founder and president of Expression Health and former SVP of product and platform innovation for Evariant. “By leveraging our data with the combined data sets from Aegis and Clariture Health, and applying our data science techniques, we can provide predictive and prescriptive analytics to help all of the Trilliant Health clients build a deeper and richer level of market understanding.”
“Jeff and the Expression Health team have developed a powerful analytics platform that ingests and normalizes more than 300M claim lines per month, which provides Expression Health’s clients with the ability to spot trends and understand patterns in market and provider behaviors in near-time,” said Hal Andrews, CEO of Trilliant. “Expression Health will be Trilliant’s business intelligence engine for ASCs, hospitals, health systems, physician practices, and other providers, allowing our customers to understand referral patterns, ambulatory service line growth opportunities and identifying new and unmet needs in markets in novel ways.”
“Trilliant Health is just getting started. We have plans to continue to rapidly grow – by providing additional products and services to Aegis, Clariture, and Expression Health clients, as well as through additional M&A and incubating new companies. We see a gap in the market for hospitals and other providers to have a trusted advisor helping them grow, from people that have worked inside healthcare systems,” said Devin Carty, Chairman of the Trilliant Health Board of Directors and former Chief Strategy Officer for Cancer Treatment Centers of America. “We will continue to seek the best companies and most innovative talent, to help our clients increase market share, acquire new patients, and grow revenue.”
As part of the transaction, Jeff McDonald and Rick Hernandez will join the Trilliant Board of Directors, and Tony Corley of NueCura Partners will join the Trilliant Board of Directors as an observer. NueCura Partners has converted their investment in Expression Health into Trilliant Health.
About Trilliant Health
Trilliant Health is the parent of a group of healthcare technology, data, and marketing companies focused on making hospitals stronger by delivering prescriptions for growth to increase a hospital’s market share. By combining best-in-class software applications with a data integration platform that combines clinical, claims, and patient-generated data, Trilliant Health can deliver market-focused and patient-level intelligence to assist hospitals and other health care providers in finding, retaining and assuming risk for patient populations. For more information, visit trillianthealth.com.
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 100TB of data, data science and interactive business visualizations, our analytics answers clients’ most complex business questions ranging from mergers and acquisitions to new outpatient site development to identifying areas of unmet need without the need for data analysts or sophisticated IT. Founded in 2015, the company is headquartered in Nashville, TN. For more information, visit expressionhealth.com.
About NueCura Partners
NueCura Partners 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. For more information, visit nuecura.com.
Contacts
Trilliant Health
Maggie Jackson, 615-665-4299
mjackson@aegishealth.com
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 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.
Bivarus Acquires The Jackson Group
Durham, N.C. (Business Wire) – May 3, 2016 – Bivarus, Inc., a patient experience analytics company, announced today that it has acquired The Jackson Group, Inc., a leading healthcare-focused measurement and consulting firm. The acquisition expands Bivarus’s offerings to capture and operationalize patient and employee insights for healthcare organizations and adds CAHPS® administration and related consulting services.
The Jackson Group was founded in 1976 in Hickory, North Carolina, to provide measurement, analysis and consulting services to healthcare organizations, commercial business and government agencies with a focus on the patient and customer experience, employee engagement and workplace culture and community and market perceptions. The Jackson Group is one of only 37 vendors in the United States approved by the Centers for Medicare & Medicaid Services to participate in the Consumer Assessment of Healthcare Providers and Systems (CAHPS®) program, which is a mandatory survey program for an ever-increasing number of healthcare organizations.
“It was crucial for us to find a partner with established expertise, a reputation for quality and differentiated service offerings in the healthcare field,” explained David Levin, Bivarus CEO. “The Jackson Group is the perfect partner, and not only do our teams complement each other operationally, we are aligned culturally. You can feel the energy among all staff to build, refine and deliver real solutions to our customers.”
“Bivarus has created an entirely new approach for delivering the insights our healthcare customers need to inform and improve day-to-day practices and long-term strategies,” said Tony Jackson, founder of The Jackson Group. “The relationships with customers that my family’s team has built over 40 years will benefit immensely from access to the measurement technology that Bivarus has built. It is an incredible opportunity for our combined company to have a continuous impact in healthcare delivery.”
Following the acquisition, Alan Jackson, President/CEO, The Jackson Group, will serve as Chief Customer Officer (CCO) of Bivarus, bringing his extensive knowledge to the executive team. In this role, Alan will have day-to-day operational responsibilities for maintaining and developing customer relationships that create value for the customer as well as creating a customer-centric culture. Tony Jackson will serve the company in a strategic advisory capacity. All other team members will continue in their current roles with the same organizational reporting structure.
By joining forces with The Jackson Group, Bivarus now provides more than 175 customer organizations with comprehensive, cost-effective, technology-enabled solutions to capture and deliver actionable data and insights.
Bivarus will maintain its headquarters in Durham, NC, with additional operations in Hickory, NC. As a result of this combination, Bivarus now employs 54 people and will continue to bring on new hires in sales, product engineering and customer success.
Terms of the transaction will not be disclosed.
About Bivarus
Measuring and improving the patient experience has become one of the top priorities of the healthcare system, and Bivarus is redefining how healthcare leaders capture and operationalize patient- and employee-generated insights to improve patient care and service operations. Organizations rely on Bivarus’s cloud-based, real-time analytics platform to gain meaningful insights into the unique drivers impacting the patient experience, buying behavior and provider performance. For more information, visit www.bivarus.com.
Media Contact:
Crossroads Public Relations and Marketing for Bivarus
Molly Thompson, Account Director
919.821.2822
NueCura Invests in Bivarus
DURHAM, N.C. (Business Wire) March 23, 2016 – Bivarus, a patient-centered analytics company working with healthcare organizations to measure and analyze the patient experience, announced today it raised $2 million in its oversubscribed round of funding. This latest financing was co-led by new investor Hatteras Venture Partners and existing investor Excelerate Health Ventures. In addition to local investors, Bivarus attracted new institutional investors from outside of the Raleigh/Durham region: NueCura Partners of Nashville, Tenn., and Boston Millennia Partners of Boston, Mass.
Today’s announcement follows strong growth in 2015, during which the company significantly expanded its customer base, which now includes Covenant Surgical Partners, IVF New England, Johns Hopkins Hospital, RelyMD and Texas Oncology, among many others.
Bivarus brings an entirely new science of measuring the patient experience with its patented real-time analytics platform and plans to use this most recent round of capital to continue expanding its customer base and product offering. Additionally, the company expects to hire approximately 10 new employees locally over the next year. New hires are expected in sales, marketing and product engineering.
“As a new investor in Bivarus, we have tremendous confidence in their continued growth,” said John Crumpler, General Partner, Hatteras Venture Partners. “Healthcare organizations must become more responsive to the patient experience in order to thrive as the industry shifts towards value-based medicine. We look forward to working with the Bivarus team as they scale their platform and services to meet a rapidly emerging and vital market opportunity.”
“At NueCura Partners, our goal is to identify and invest in those companies that are poised to transform healthcare,” said Don Lazas, MD, Founder and Managing Partner of NueCura Partners. “That’s the exact promise we see in Bivarus. Value in healthcare will, increasingly, be linked to the patient experience. Bivarus’ proprietary technology will allow institutions to identify opportunities to improve the patient experience early on and make needed changes more efficiently, thus enhancing care delivery.”
About Hatteras Venture Partners
Hatteras Venture Partners is a venture capital firm based in Research Triangle Park, NC with a focus on seed and early stage opportunities. The firm has approximately $350 million under management in five venture capital funds. Hatteras is led by a seasoned team of entrepreneurs and operators and has a long and successful track record of seed and early stage investing and company formation. For more Information, visit: www.hatterasvp.com.
About Excelerate Health Ventures
Excelerate Health Ventures is a management team of experienced healthcare entrepreneurs with start-up, corporate and investment expertise. EHV leverages the domain experience and contacts of their network of healthcare providers, payers and strategic partners to select, validate, mentor and grow their portfolio companies. This focused approach accelerates the adoption and revenues of a portfolio companies’ products and associated services. EHV offices are located alongside fellow entrepreneurs at the First Flight Venture Center, a technology incubator in the Research Triangle Park of NC. For more Information, visit: https://www.exceleratehealth.com.
About NueCura partners
NueCura Partners, LLC is a Nashville-based angel investment company that focuses on investments in early-stage companies in the healthcare sector. NueCura is managed and driven by seasoned healthcare business operators and experienced investors. For more information, visit http://www.nuecura.com.
About Boston Millennia Partners
Boston Millennia Partners provides private equity financing to high growth companies in the healthcare and business services industries. Our team brings more than one hundred years of private equity experience to the investment and business building process. Our broad experience, combined with expertise in finance, operations, engineering, partnering with pharmaceutical companies, business development, executive recruiting, and law provides significant value to our portfolio companies. For more information, visit http://www.bostonmillenniapartners.com.
About Bivarus
Bivarus brings an entirely new science of measuring the patient experience with its patented cloud-based analytics platform. Measuring and improving the patient experience has become one of the top priorities of the healthcare system, and Bivarus is redefining how healthcare leaders capture and operationalize patient-generated insights to improve patient care and service operations. Organizations rely on Bivarus’ real-time analytics platform to gain meaningful insights into the unique drivers impacting the patient experience, buying behavior and provider performance. For more information, visit www.bivarus.com.
Media Contact:
Crossroads Public Relations and Marketing
Molly Thompson, Account Director
919.821.2822