Blue Venture Fund

Blue Venture Fund is the corporate venture capital arm of the BlueCross and BlueShield Association, based in Chicago. It operates as a strategic investor in healthcare, backing emerging companies in healthcare technology, healthcare services, and clinical sciences. The organization targets innovations that improve quality of care, enhance patient experience, and reduce costs, aligning with the needs of BCBS member companies and their policyholders. By funding early to growth-stage ventures, it supports the adoption of new solutions within the healthcare system and complements BCBS efforts to advance value-based care.

John Banta

Vice President of Investments

John Banta

Managing Director

Emir Sandhu

Managing Director

Bo Shi

Vice President

Past deals in Tennessee

Emids

Private Equity Round in 2020
Emids is a healthcare technology company that provides digital transformation, software development, data engineering and analytics services to payers, providers, life sciences and technology firms. It offers digital transformation initiatives, custom application development and maintenance, business intelligence and analytics, package implementations and broader consulting in areas such as IT strategy, member and patient engagement, and payer–provider collaboration, as well as population health and care management. The company focuses on improving access to affordable, high-quality care by delivering healthcare-specific software, data services and technology-enabled solutions. Founded in 1999 and based in Tennessee, Emids serves the healthcare ecosystem across health plans, providers and life sciences entities.

Contessa

Series D in 2019
Contessa, headquartered in Nashville, specializes in Home Recovery Care, a risk-based model that delivers inpatient-level care in patients' homes. Established in 2015, Contessa uses its proprietary health informatics platform to facilitate safe, affordable, and outcome-improving home care. The company offers turnkey solutions, providing upfront savings for health plans, enabling healthcare systems to reinvent their care delivery model by treating patients outside the hospital, and enhancing patient experience through better physician support.

Contessa

Series C in 2018
Contessa, headquartered in Nashville, specializes in Home Recovery Care, a risk-based model that delivers inpatient-level care in patients' homes. Established in 2015, Contessa uses its proprietary health informatics platform to facilitate safe, affordable, and outcome-improving home care. The company offers turnkey solutions, providing upfront savings for health plans, enabling healthcare systems to reinvent their care delivery model by treating patients outside the hospital, and enhancing patient experience through better physician support.

Contessa

Series B in 2016
Contessa, headquartered in Nashville, specializes in Home Recovery Care, a risk-based model that delivers inpatient-level care in patients' homes. Established in 2015, Contessa uses its proprietary health informatics platform to facilitate safe, affordable, and outcome-improving home care. The company offers turnkey solutions, providing upfront savings for health plans, enabling healthcare systems to reinvent their care delivery model by treating patients outside the hospital, and enhancing patient experience through better physician support.

Contessa

Series A in 2015
Contessa, headquartered in Nashville, specializes in Home Recovery Care, a risk-based model that delivers inpatient-level care in patients' homes. Established in 2015, Contessa uses its proprietary health informatics platform to facilitate safe, affordable, and outcome-improving home care. The company offers turnkey solutions, providing upfront savings for health plans, enabling healthcare systems to reinvent their care delivery model by treating patients outside the hospital, and enhancing patient experience through better physician support.

Aspire Health

Series B in 2014
Aspire Health operates a network of outpatient palliative care practices, providing relief from symptoms, pain, and stress for patients facing serious illnesses such as cancer or heart failure. They offer home-based and clinic services in Middle Tennessee counties, supporting patients, caregivers, and healthcare providers.

PRSM Healthcare

Seed Round in 2013
PRSM Healthcare LLC specializes in patient relationship management solutions, primarily aimed at enhancing patient engagement in the healthcare sector. The company focuses on addressing the challenges faced by gastroenterology practices, particularly regarding patients who do not return for necessary follow-up endoscopy visits. PRSM Healthcare offers a range of self-service patient engagement platforms designed to facilitate scheduling and follow-up communication, including PRSM Care, which ensures efficient management of follow-ups, cancellations, and no-show appointments. Its flexible platform is also equipped for acquiring new patients and implementing targeted communication campaigns tailored to specific patient groups. Established in 2011 and headquartered in Brentwood, Tennessee, PRSM Healthcare is dedicated to improving non-clinical patient interactions and outcomes prior to the patient's visit to a healthcare facility.

InVivoLink

Venture Round in 2013
InVivoLink, LLC, founded in 2008 and based in Nashville, Tennessee, specializes in healthcare technology solutions tailored for orthopedic and spine centers. The company's primary offering is a cloud-based and mobile software platform that automates the capture of implant registry data throughout the continuum of care. This platform collects, monitors, and disseminates medical and clinical data, enhancing the efficiency of care management for providers and patients alike. Additionally, InVivoLink provides a care management platform that captures outcomes, manages registry data, and engages patients across their entire episode of care. The company's mission is to transform the clinical experience by uniting surgeons, hospitals, manufacturers, and therapists with solutions that optimize patient care, streamline processes, and improve overall quality while lowering costs.

Change Healthcare

Series D in 2013
Change Healthcare is an independent healthcare technology company that provides data- and analytics-driven solutions to improve clinical, financial, administrative, and patient engagement outcomes in the United States healthcare system. The platform combines software and analytics, network solutions for transactions and payments, and technology-enabled services that cover financial and administrative management, value-based care support, and pharmacy benefits administration. Headquartered in Nashville, Tennessee, the company focuses on helping providers, payers, and partners navigate the healthcare journey with integrated technology and data insights.

NaviHealth

Venture Round in 2013
NaviHealth, Inc. is a provider of post-acute healthcare services that focuses on managing the entire post-acute care continuum in the United States. The company partners with health plans, hospitals, and post-acute providers to deliver comprehensive care management solutions. NaviHealth develops software and utilizes proprietary technology to support care transitions, providing clinical service support to optimize patient outcomes. Their approach includes evidence-based protocols, data analysis, and decision support tools that enhance care design and patient satisfaction while reducing hospital readmissions and inpatient days. Founded in 2011 and based in Brentwood, Tennessee, with additional offices in Massachusetts and Pennsylvania, NaviHealth operates as a subsidiary of OptumHealth, Inc.

NaviHealth

Venture Round in 2013
NaviHealth, Inc. is a provider of post-acute healthcare services that focuses on managing the entire post-acute care continuum in the United States. The company partners with health plans, hospitals, and post-acute providers to deliver comprehensive care management solutions. NaviHealth develops software and utilizes proprietary technology to support care transitions, providing clinical service support to optimize patient outcomes. Their approach includes evidence-based protocols, data analysis, and decision support tools that enhance care design and patient satisfaction while reducing hospital readmissions and inpatient days. Founded in 2011 and based in Brentwood, Tennessee, with additional offices in Massachusetts and Pennsylvania, NaviHealth operates as a subsidiary of OptumHealth, Inc.

InVivoLink

Series B in 2012
InVivoLink, LLC, founded in 2008 and based in Nashville, Tennessee, specializes in healthcare technology solutions tailored for orthopedic and spine centers. The company's primary offering is a cloud-based and mobile software platform that automates the capture of implant registry data throughout the continuum of care. This platform collects, monitors, and disseminates medical and clinical data, enhancing the efficiency of care management for providers and patients alike. Additionally, InVivoLink provides a care management platform that captures outcomes, manages registry data, and engages patients across their entire episode of care. The company's mission is to transform the clinical experience by uniting surgeons, hospitals, manufacturers, and therapists with solutions that optimize patient care, streamline processes, and improve overall quality while lowering costs.

Change Healthcare

Series C in 2012
Change Healthcare is an independent healthcare technology company that provides data- and analytics-driven solutions to improve clinical, financial, administrative, and patient engagement outcomes in the United States healthcare system. The platform combines software and analytics, network solutions for transactions and payments, and technology-enabled services that cover financial and administrative management, value-based care support, and pharmacy benefits administration. Headquartered in Nashville, Tennessee, the company focuses on helping providers, payers, and partners navigate the healthcare journey with integrated technology and data insights.
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