Independence Blue Cross

Independence Blue Cross is a leading health insurance company based in the Philadelphia region, serving approximately 9 million people across 32 states and Washington, D.C., including 2.5 million in the local area. The company provides a variety of health insurance services tailored to individuals, families, and employers, including employer health plans, personalized insurance options, and coverage for medical assistance and Medicaid. Independence Blue Cross is committed to addressing the unique needs of its members by leveraging the latest innovations and technologies to enhance access to care and improve health outcomes. The organization’s mission centers on fostering healthier lives for its members, their families, and their employees.

13 past transactions

Quartet Health

Corporate Round in 2021
Quartet Health is a New York-based company that develops a cloud-based platform designed to enhance communication and collaboration between medical providers and behavioral health providers for patient care. Founded in 2014, Quartet's platform works with health plans and systems to deliver actionable insights and reports on behavioral health conditions, aiming to improve patient outcomes. The platform also offers tools for patient self-management and ensures that mental health care is tailored to individual preferences and clinical needs, while being integrated with the broader healthcare experience and insurance coverage.

NeuroFlow

Venture Round in 2018
NeuroFlow, Inc. is a digital health company that develops a cloud-based platform designed to enhance access to behavioral health and engage patients throughout the continuum of mental healthcare. Founded in 2016 and headquartered in Philadelphia, Pennsylvania, NeuroFlow provides healthcare providers with tools for remote patient monitoring and integration of behavioral health across various care settings, including psychology, primary care, and pain management. The platform employs evidence-based practices to track, assess, and engage patients, promoting overall wellness and improving compliance with treatment. By utilizing patient-generated questionnaires and journaling, NeuroFlow enables individuals to monitor their mental health outcomes and achieve tangible progress. The company has established strategic partnerships with organizations like Smart Health Innovation Lab and Mental Health America to further its mission of improving mental health support and outcomes.

Quil Health

Private Equity Round in 2018
Quil Health is a digital health platform formed as a joint venture between Independence Health Group and Comcast NBCUniversal. It focuses on providing personalized and interactive health journeys for consumers and their caregivers. The platform aims to engage users in their health management, promoting the idea that informed and active consumers can achieve better health outcomes at reduced costs. Quil Health serves a wide range of stakeholders, including individuals, caregivers, healthcare providers, and health plans across the United States. Utilizing precision data and technology, Quil delivers tailored health itinerary solutions and episodic care support through various digital channels, including smartphone applications and televisions. This approach seeks to enhance the healthcare experience by facilitating better communication and support for users.

VitalTrax

Seed Round in 2017
VitalTrax connects patients with clinical trials with its cloud-based clinical trial network. VitalTrax offers Wing, a solution that simplifies clinical trials enrollment. Wing is a clinical trial network that provides innovative ways for people to easily seek optional treatments for themselves or people that they love and play an important role in helping develop new ways to fight diseases.

Relay Network

Series B in 2016
Relay Network, LLC is a technology company based in Radnor, Pennsylvania, that facilitates communication between brands and their customers via a private messaging application. Established in 2009, Relay Network enables businesses to send messages on behalf of service providers, allowing customers to opt in to receive notifications and service alerts. The company serves a diverse range of industries, including healthcare, financial services, insurance, cable, energy, travel, and hospitality. By providing tools for designing, orchestrating, and automating customer engagement, Relay Network aims to enhance the quality of customer interactions and build lasting relationships.

Accolade

Series E in 2015
Accolade, Inc. is a technology-driven company that provides personalized health and benefits solutions designed to enhance the healthcare experience for employees and their families in the United States. Founded in 2007 and headquartered in Plymouth Meeting, Pennsylvania, Accolade offers a comprehensive platform that combines cloud-based technology with support from a team of health assistants and clinicians, including nurses and behavioral health specialists. The company's services help employers navigate the complexities of the healthcare system and workplace benefits, ultimately aiming to improve health outcomes and reduce costs. By focusing on healthcare process improvement and employee engagement, Accolade delivers tailored advocacy to meet the specific needs of its clients.

Grand Round Table

Seed Round in 2015
Grand Round Table Inc. is a developer of clinical decision support tools aimed at enhancing diagnostic accuracy for healthcare providers. The company's flagship system, Grand Round Table, integrates with electronic health records to assist doctors in diagnosing patients by comparing their cases against a comprehensive database of deidentified health records, case reports, and evidence-based medical literature, including resources from the University of Pennsylvania. This technology enables physicians to access insights from previous cases, facilitating quicker and more informed treatment decisions for complex patients. By streamlining the decision-making process, Grand Round Table helps hospitals and clinics reduce unnecessary tests, ineffective treatments, and consultations, ultimately saving time and costs in patient care. Established in 2011, the company is headquartered in Philadelphia, Pennsylvania.

New Ocean Health Solutions

Funding Round in 2014
New Ocean Health Solutions is a software design and development company that specializes in creating an enterprise health management platform. This platform includes valuable health and well-being programs aimed at enhancing overall wellness. One of its key offerings is Bridge, an integration and optimization platform that connects various components of the healthcare system. The company also provides personalized, rewards-based programs for members and employees, helping them achieve their health goals, ranging from improved well-being to chronic condition management. Founded in 2013 and headquartered in Conshohocken, Pennsylvania, with additional operations in Greenville, South Carolina, New Ocean Health Solutions was previously known as Care Cam Innovations, LLC.

Fitly

Seed Round in 2013
Fitly, Inc. develops a mobile web application and countertop device aimed at helping families and children plan, purchase, and prepare healthy meals. The SmartPlate App features food recognition technology, allowing users to choose from specific health goals or create custom plans. When paired with a countertop device, it offers precise image recognition, nutrient analysis, and meal tracking capabilities. The app also provides access to a comprehensive database of packaged and restaurant foods for convenient tracking, along with personalized tips and feedback. Additionally, the SmartPlate TopView device analyzes entire meals and offers guidance on healthy eating habits. Fitly's solutions address various health-related needs, including weight management, endurance, hydration, and portion control. Established in 2011 and headquartered in Philadelphia, Pennsylvania, Fitly is committed to enhancing human health and longevity through innovative nutritional technology.

Medlio

Seed Round in 2013
Medlio Inc. is a technology company based in Durham, North Carolina, that provides a smartphone application known as Medlio. This application serves as a digital health insurance card, offering users real-time access to their health benefits information, including deductibles and copays. Medlio enables patients to organize and request health information from multiple healthcare providers, securely connect with their care teams and family, and manage their medical records all in one place. Additionally, the Medlio Control Center is a web-based application designed for healthcare providers, facilitating patient engagement and compliance with healthcare regulations. It allows providers to manage shared data, access usage analytics, and optimize their profiles for better visibility in patient searches. Through these tools, Medlio enhances the interaction between patients and providers, streamlining the process of healthcare management.

Grand Round Table

Seed Round in 2013
Grand Round Table Inc. is a developer of clinical decision support tools aimed at enhancing diagnostic accuracy for healthcare providers. The company's flagship system, Grand Round Table, integrates with electronic health records to assist doctors in diagnosing patients by comparing their cases against a comprehensive database of deidentified health records, case reports, and evidence-based medical literature, including resources from the University of Pennsylvania. This technology enables physicians to access insights from previous cases, facilitating quicker and more informed treatment decisions for complex patients. By streamlining the decision-making process, Grand Round Table helps hospitals and clinics reduce unnecessary tests, ineffective treatments, and consultations, ultimately saving time and costs in patient care. Established in 2011, the company is headquartered in Philadelphia, Pennsylvania.

NaviNet

Series C in 2001
NaviNet, Inc. operates a healthcare collaboration network in the United States, connecting health plans and physicians through its comprehensive platform, NaviNet Open. This solution facilitates payer-provider collaboration by offering a suite of applications and network services designed to enhance the management of healthcare transactions, including eligibility verification, claims management, referrals, and authorizations. NaviNet's offerings also encompass various tools for improving communication and workflow efficiency among healthcare partners, including insurers, providers, and patients. The company, incorporated in 1997 and based in Boston, Massachusetts, was previously known as NaviMedix, Inc. and rebranded in May 2009. As of January 2016, NaviNet operates as a subsidiary of Nanthealth, LLC and NantWorks, LLC.

Notre

Venture Round in 2000
Notre Shop is a men's and women's boutique with a global selection of apparel and footwear. They are connecting through culture, commerce, and cause. They are IL-carrying brands such as 3sixteen, A.P.C., Common Projects, Engineered Garments, Visvim, wings + horns, and Viberg. They sell clothing, Footwear, Apothecary, Accessories, Home Goods, Jewelry, Gift Cards, Bags, Notre. They have designers include 19-69,7 Days Active, Acne Studios, Adidas, Amy Crookes, Anna Quan, Apartamento, Aries Arise, Asics, Birkenstock, Brain Dead, BYREDO, C2H4, Canada Goose.
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