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.

Joe Geist

Senior Vice President and Market President - National

Tracy Mueller

Vice President, Enrollment and Billing

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 headquartered in Radnor, Pennsylvania, specializing in customer engagement through a private messaging application. Founded in 2009, Relay Network enables businesses to send proactive and personalized communications to their customers, enhancing the way companies interact with their clientele. The platform supports various industries, including healthcare, financial services, insurance, cable, energy, travel, and hospitality, by allowing customers to opt-in for messages from their service providers. The company's innovative approach empowers businesses to design and automate customer engagement, helping them scale their support efforts and meet the growing demand for personalized service.

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 company based in Philadelphia, Pennsylvania, that specializes in developing clinical decision support tools for healthcare providers. Its flagship product, Grand Round Table, is an integrated system designed to enhance the diagnostic capabilities of doctors by leveraging a vast database of deidentified health records, case reports, and evidence-based medical literature. This technology extracts pertinent information from patients' charts and matches it with similar cases, allowing physicians to reference previous treatments and outcomes in comparable scenarios. By facilitating faster and more accurate treatment plans, Grand Round Table aims to improve patient care, reduce unnecessary medical tests and consultations, and ultimately contribute to cost savings for hospitals and clinics. Established in 2011, the company focuses on translating available medical knowledge into actionable insights to support healthcare professionals in making informed decisions for diagnostically challenging cases.

New Ocean Health Solutions

Funding Round in 2014
New Ocean Health Solutions is a software design and development company that specializes in enterprise health management. Founded in 2013 and headquartered in Conshohocken, Pennsylvania, with operations in Greenville, South Carolina, the company provides an innovative platform called Bridge. This platform integrates and optimizes health and well-being programs, effectively connecting various components of the healthcare system. Additionally, New Ocean Health Solutions offers personalized, rewards-based programs aimed at helping members and employees achieve their health goals, which range from enhancing overall well-being to managing chronic conditions. The company was previously known as Care Cam Innovations, LLC.

Fitly

Seed Round in 2013
Fitly, Inc. specializes in developing innovative solutions that promote healthy eating among families and children. The company offers the SmartPlate App, which employs food recognition technology to assist users in planning, purchasing, and preparing nutritious meals. This app allows individuals to choose from various goal-specific programs or create custom plans, while pairing with a countertop device that accurately analyzes and tracks the nutritional content of meals. Fitly's SmartPlate TopView device provides personalized guidance on healthy eating habits by analyzing entire meals and offering insights into macro and micronutrient intake. The company's solutions focus on various aspects of wellness, including weight management, portion control, and dietary needs, aiming to enhance human health without the need for restrictive diets. Established in 2011, Fitly is headquartered in Philadelphia, Pennsylvania.

Medlio

Seed Round in 2013
Medlio offers a mobile health platform consisting of Medlio Patient, a smartphone app that consolidates real-time health insurance benefits, deductibles and copays, and medical records, and Medlio Control Center, a provider-facing web application that supports patient engagement and data management. The solution enables patients to estimate encounter costs in advance to facilitate upfront collection of patient-responsible balances, securely share information with their care team, and aggregate data from multiple providers and wearables. For providers, the Control Center helps manage patient data, access usage analytics, and organize organization, location, and provider profiles to improve patient search and engagement. Medlio was founded in 2013 and is based in Durham, North Carolina.

Grand Round Table

Seed Round in 2013
Grand Round Table Inc. is a company based in Philadelphia, Pennsylvania, that specializes in developing clinical decision support tools for healthcare providers. Its flagship product, Grand Round Table, is an integrated system designed to enhance the diagnostic capabilities of doctors by leveraging a vast database of deidentified health records, case reports, and evidence-based medical literature. This technology extracts pertinent information from patients' charts and matches it with similar cases, allowing physicians to reference previous treatments and outcomes in comparable scenarios. By facilitating faster and more accurate treatment plans, Grand Round Table aims to improve patient care, reduce unnecessary medical tests and consultations, and ultimately contribute to cost savings for hospitals and clinics. Established in 2011, the company focuses on translating available medical knowledge into actionable insights to support healthcare professionals in making informed decisions for diagnostically challenging cases.

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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