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Transformation Capital Partner Companies

Previous partner companies

23andme

23andMe (Mountain View, CA) is the leading personal genetics company dedicated to helping individuals understand their own genetic information through DNA analysis technologies and web-based interactive tools. The company is a web-based service that helps consumers understand what their DNA says about their health, traits and ancestry.

Sector

Pharma IT and Services

Status

Previous Partner Companies

Year Invested

2017

Team

Mike Dixon

Outcome

Active Investment

Trialspark

TrialSpark (New York, NY) offers a new and innovative model for managing and operating clinical trials. TrialSpark partners with doctors to build a network of clinical trial sites within the provider’s practices. The Trialspark team then runs trials out of these sites using a roaming cohort of certified research coordinators and optimized by software, data, and technology.

By creating trial sites with doctors, TrialSpark unlocks the 98% of patients who have never been exposed to trials, boosting recruitment and enrollment rates and democratizing access.

Sector

Pharma IT and Services

Status

Previous Partner Companies

Year Invested

2017

Team

Mike Dixon

Outcome

Active Investment

Implantable provider group

IPG (Alpharetta, GA) collaborates with health plans in partnership with providers, physicians, manufacturers and patients to develop market-based solutions that deliver tangible value in the implantable Device Benefit Management space.

IPG's solutions lower cost, add transparency, deliver powerful data analytics and alleviate complexities of Device Benefit Management.

Sector

Payor IT and Services

Status

Previous Partner Companies

Year Invested

2010

Team

Mike Dixon

Outcome

Active Investment

Clover

Clover Health (Jersey City, NJ) is a unique health insurance plan focused on driving down costs and producing improved health outcomes. Clover uses sophisticated analytics and custom software to direct their own clinical staff to proactively fill in gaps in the care of their members. Clover has a proven model they're scaling out.

Clover is focusing on elderly and low-income patients that stand to benefit from their model the most. This puts them in a position to make a major dent in healthcare expenses in the United States and reverse an unsustainable, decades-long spending trend.

Sector

Payor IT and Services

Status

Previous Partner Companies

Year Invested

2015

Team

Mike Dixon

Outcome

Active Investment

Groups

We founded Groups: Recover Together to make treatment for opiate addiction respectful, accessible, and affordable. We empower our members to regain control of their lives through a proven, evidence-based model of group therapy and medication-assisted treatment (MAT). We are focused on bringing outpatient services to rural communities that have been hardest hit by the epidemic, yet have the least access to high-quality treatment.

Sector

Novel Care Models

Status

The Transformation Partner Companies

Year Invested

2019

Team

Jared Kesselheim

Chris Pullerits

Outcome

Active Investment

Bhe

BHE is an innovative healthcare analytics company with over two decades of experience providing novel solutions to better understand the clinical outcomes and value of various patient care strategies. BHE is transforming the way analysts from diverse disciplines answer critical questions and make insightful predictions from large, complex databases using the market-leading Instant Health Data (IHD) platform. IHD is a fast, flexible and intuitive SaaS platform that empowers teams within life science companies, health plans and provider groups to implement deep analytics with little-to-no programming required.

Sector

Pharma IT and Services

Status

The Transformation Partner Companies

Year Invested

2019

Team

Jared Kesselheim

Manas Sharma

Outcome

Active Investment

Letsgetchecked

LetsGetChecked (LGC) is making diagnostics open and accessible to everyone. We are a fully integrated technology and logistics platform that facilitates convenient, at-home laboratory testing for consumers. We have partnered with world-class, highly accredited laboratories and developed global manufacturing and logistical capabilities to make this a reality.

Clinical expertise is also at the core of what we do. Our technology and logistical capabilities are supported by an in-house clinical team, so all customers have access to board certified physicians and nurse practitioners throughout the testing process.

We are guided by science, empowered by technology and passionate about caring for people. Our purpose is to empower people to live longer, happier lives.

Sector

Payor IT and Services

Status

The Transformation Partner Companies

Year Invested

2019

Team

Todd Cozzens

Chris Pullerits

Outcome

Active Investment

Protenus

The Protenus healthcare compliance analytics platform uses artificial intelligence to audit every access to patient records for the nation’s leading health systems. These analytics provide healthcare leaders full insight into how health data is being used, and alerting privacy, security and compliance teams to inappropriate activity. Protenus helps our partner hospitals make decisions about how to better protect their data, their patients, and their institutions. This year, Protenus was named the 2019 KLAS Category Leader in Patient Privacy Monitoring.

Sector

Provider IT and Services

Status

The Transformation Partner Companies

Year Invested

2019

Team

Jared Kesselheim

Vinay Shah

Manas Sharma

Outcome

Active Investment

Patientpop

PatientPop, the market leader in practice growth technology, has one simple mission: to help healthcare practices thrive. PatientPop is the first complete cloud-based solution that's HIPAA-compliant and proven to accelerate new patient acquisition, while also eliminating the need for dedicated marketing resources. By enhancing and automating each touchpoint in the patient journey — from first impression online, to digital booking, to post-appointment follow-up — PatientPop makes it easy for healthcare providers to attract more patients, manage online reputation, modernize the patient experience, and streamline the front office.

Sector

Provider IT and Services

Status

The Transformation Partner Companies

Year Invested

2018

Team

Todd Cozzens

Vinay Shah

Chris Pullerits

Outcome

Active Investment

Aktana

Aktana is the pioneer in decision support for global life sciences sales and marketing teams. The company’s data-fueled suggestions and insights are delivered within a sales professional’s existing CRM workflow, serving as a critical ally in data leverage and better decision-making. Aktana serves the entire organization by helping to coordinate multichannel marketing initiatives and facilitate learning about which program elements are most successful for which customers. Nearly half of the world’s top 20 pharmaceutical companies rely on Aktana to drive more insightful marketing and sales programs. Aktana is headquartered in San Francisco, with offices in New York, Philadelphia, London, Tokyo, Osaka, and Shanghai.

Sector

Pharma IT and Services

Status

The Transformation Partner Companies

Year Invested

2018

Team

Jared Kesselheim

Vinay Shah

Chris Pullerits

Outcome

Active Investment

Health catalyst

Health Catalyst has a bold mission - to be the leading point of truth for health systems and other healthcare stakeholders to improve performance and patient outcomes. Health Catalyst starts by organizing all the health system's data from thousands of sources in a nimble data store that allows fast processing of this massive data. On top of this rich data platform Health Catalyst provides performance improvement applications across all of the financial, administrative and clinical needs of the modern healthcare provider. This information is also hugely valuable to payers. The company has well over 100 documented outcomes improvement case studies from health systems like Partners Healthcare, Kaiser, Allina and many others.

Sector

Provider IT and Services

Status

The Transformation Partner Companies

Year Invested

2016

Team

Todd Cozzens

Mike Dixon

Outcome

Active Investment

Kyruus

Kyruus brings automation and organization to one of the most important transactions in healthcare - patient referrals. Before Kyruus, the referral process was slow, manual and uncoordinated. Kyruus is the first solution provider to automate the referral process and then through machine learning and artificial intelligence match the right care provider with the right patient at the right time. The result is huge savings and revenue optimization for providers and a vastly improved experience for patients as they navigate the health system to get connected to the best provider for their needs.

Sector

Provider IT and Services

Status

The Transformation Partner Companies

Year Invested

2016

Team

Todd Cozzens

Vinay Shah

Outcome

Active Investment

Outcome health

Outcome Health provides the most intuitive, modern and interactive educational content to patients at the point of care where delivering this information is critical to adherence, compliance and improved outcomes. Deployed in more than 40,000 physician offices, clinics and hospitals, Outcome Health's cloud-based content informs and guides patients to understand their condition better and helps them engage better in their own care.

Sector

Pharma IT and Services

Status

The Transformation Partner Companies

Year Invested

2017

Team

Todd Cozzens

Sasha K. Said

Outcome

Active Investment

Patientping

PatientPing solves a major problem in healthcare that has been plaguing the system for decades. We're deep into the 21st century yet hospitals and doctor's offices and clinics still don't know where their patients come from before they're admitted and where they go after their discharged. This leads to huge fragmentation and uncoordinated care which is costly, wasteful and harmful to outcomes. PatientPing has built the most comprehensive network of patient flow notifications and accompanying workflow tools to finally solve this problem and bring integrated and coordinated care to the healthcare ecosystem.

Sector

Provider IT and Services

Status

The Transformation Partner Companies

Year Invested

2016

Team

Todd Cozzens

Vinay Shah

Outcome

Active Investment

Scientist com

Scientist.com is the world's largest and fastest growing marketplace for outsourced research services. The company's e-commerce marketplace makes it easy for scientists to connect with thousands of contract research organizations (CROs) around the world. Scientist.com works with both large and small biopharmaceutical companies and helps them promote innovation, save time, reduce cost, and improve compliance.

Sector

Pharma IT and Services

Status

The Transformation Partner Companies

Year Invested

2017

Team

Jared Kesselheim

Vinay Shah

Outcome

Active Investment

Vera whole health

Vera provides a scalable on-site medical management network that has proven abilities to drive meaningful healthcare cost savings for employers and improve overall employee health. The Company's differentiated care model is rooted in a revolutionary whole health program for employees and includes on-site health clinics, face-to-face health coaching and active patient management that results in industry-leading patient engagement and employee satisfaction.

Sector

Novel Care Models

Status

The Transformation Partner Companies

Year Invested

2017

Team

Jared Kesselheim

Outcome

Active Investment

Ability network

ABILITY Network (Minneapolis, MN) connects thousands of hospitals, skilled nursing facilities, home health agencies, clinics, and tens of thousands of physicians across the country with each other, and with the nation's largest payer: Medicare. By earning the trust of their healthcare providers and the federal government each day, ABILITY has built a massive web-based secure healthcare network which now facilitates millions of transactions every day. Today, a majority of the large provider organizations across the country, including over 3,000 hospitals, as well as many leading healthcare technology companies, trust ABILITY to communicate with their healthcare partners.

Sector

Provider IT and Services

Status

Previous Partner Companies

Year Invested

2011

Team

Jared Kesselheim

Outcome

Acquired by Summit Partners in 2014

Airstrip

AirStrip (San Antonio, TX) develops mobile healthcare application designed to make transformational and lasting improvements in worldwide healthcare delivery. The company's mobile healthcare application improves healthcare delivery with mobile interoperability services that unite clinicians and patients across geographic, technology and workflow boundaries, enabling physicians to access real-time, historical waveforms and other critical patient data using a mobile device.

Sector

Provider IT and Services

Status

Previous Partner Companies

Year Invested

2011

Team

Todd Cozzens

Mike Dixon

Outcome

Active Investment

Apixio

Apixio (San Mateo, CA) provides an analysis platform for patient data based on advanced natural language processing and machine learning technology. The company offers a platform designed to access medical records for optimal healthcare decision making. It brings advanced data to healthcare by analyzing previously trapped unstructured medical record data, giving healthcare payers and providers access to analytical insights.

Sector

Payor IT and Services

Status

Previous Partner Companies

Year Invested

2014

Team

Jared Kesselheim

Outcome

Active Investment

Epic systems

Epic Systems Corporation (Verona, WI) is a healthcare-focused technology company with a leading Electronic Medical Record platform. The company’s products are used across the healthcare ecosystem from community hospitals and academic medical centers to retail clinics and multispecialty groups.

Sector

Provider IT and Services

Status

Previous Partner Companies

Year Invested

2014

Team

Todd Cozzens

Mike Dixon

Outcome

Active Investment

Liazon

Liazon (New York City, NY) that operates web-based private benefits exchanges for large and small businesses. Its flagship product, the Bright Choices Exchange, helps employers manage their health care costs by setting predictable budgets through a defined contribution funding strategy while guiding employees to purchase better coverage of health, dental, vision, life, disability, and other benefits.

Sector

Employer IT and Services

Status

Previous Partner Companies

Year Invested

2011

Team

Jared Kesselheim

Outcome

Acquired by Towers Watson in 2013

Medexpress

MedExpress (Morgantown, WV) operates full-service, walk-in urgent care facilities offering timely medical treatment to non-life threatening injuries and illnesses.

Sector

Novel Care Models

Status

Previous Partner Companies

Year Invested

2010

Team

Todd Cozzens

Mike Dixon

Outcome

Acquired by UnitedHealth Group in 2015

Medhok

MedHOK (Tampa, FL) was created to bring a new approach to integrated actionable healthcare by utilizing a single platform for Care, Quality and Compliance. It improves clinical outcomes, quality measures and links reimbursement to improved quality outcomes for health plans, accountable care organizations, patient centered medical homes, PBMs and Rx Specialty organizations.

Sector

Payor IT and Services

Status

Previous Partner Companies

Year Invested

2013

Team

Jared Kesselheim

Outcome

Acquired by Hearst in 2016

Natera

Natera (San Carlos, CA) is a genomic diagnostics company offering advanced prenatal testing. The company is focused on technology to deliver improved accuracy and reliability in preconception and prenatal genetic testing services. The company offers a range of tests, from pre-implantation genetic diagnosis (PGD) for in-vitro fertilization (IVF) to advances in the field of non-invasive prenatal testing (NIPT).

Sector

Genomic IT

Status

Previous Partner Companies

Year Invested

2007

Team

Todd Cozzens

Outcome

IPO in 2015

National cardiovascular partners

National Cardiovascular Partners (Houston, TX) is an operator of endovascular, vascular and cardiovascular services in the comfort and convenience of the outpatient setting.

Sector

Novel Care Models

Status

Previous Partner Companies

Year Invested

2012

Team

Jared Kesselheim

Outcome

Acquired by Fresenius in 2014

Perfectserve

PerfectServe (Knoxville, TN) offers intelligent voice and online and mobile clinical communication solutions for the healthcare industry.

Sector

Provider IT and Services

Status

Previous Partner Companies

Year Invested

2012

Team

Todd Cozzens

Outcome

Active Investment

Remedy partners

Remedy Partners (Darien, CT) develops and manage episode of care bundled payment programs with hospitals and health systems, commercial health insurers, and Accountable Care Organizations.

Sector

Provider IT and Services

Status

Previous Partner Companies

Year Invested

2015

Team

Jared Kesselheim

Outcome

Active Investment

Scio health analytics

SCIO (West Hartford, CT) provides health analytic services designed to drive positive change in healthcare by delivering actionable insights to solve complicated problems simply and efficiently. The company's health analytic services offer business services and insights in the areas of payment integrity, risk and care management, value based benefit design, consumer engagement and consumer segmentation, enabling health-care industry to meet the critical business and analytical needs.

Sector

Payor IT and Services

Status

Previous Partner Companies

Year Invested

2009

Team

Todd Cozzens

Outcome

Active Investment

Zirmed

ZirMed, Inc. (Louisville, KY) provides Web-based revenue cycle management solutions for the healthcare business. Its solutions include eligibility verification, credit/debit card processing, check processing, claims management, coding compliancy and reimbursement management, electronic remittance advice, patient statements, patient e-commerce solutions, and lock box services.

Sector

Provider IT and Services

Status

Previous Partner Companies

Year Invested

2010

Team

Todd Cozzens

Outcome

Active Investment

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