HealthX Ventures

HealthX Ventures is a venture capital firm specializing in seed, startup, early stage, and later stage venture investments. The firm invests in healthcare focusing on digital healthcare technology and health IT. It invests in companies developing solutions in areas, such as operational efficiency, connected healthcare devices, data management and integration, and business intelligence solutions for healthcare. The firm invests in Wisconsin with a focus on Madison, and Midwest based companies. HealthX Ventures is based in Madison, Wiscosin.

Caroline Arenz

Principal

Mark Bakken

Managing Partner

Dan Blake

Partner

JF

Jonathan Fritz

Partner

Taha Jangda

Partner

Shobhan Thakkar

Partner

34 past transactions

AMOpportunities, Inc.

Series A in 2019
AMOpportunities connects international medical students and graduates with U.S. physicians and institutions for clinical experiences. The company's platform offers individuals the opportunity to explore and apply for clinical experiences at 200+ clinical sites across 70+ medical specialties and subspecialties. AMO provides exceptional support services such as visa and housing assistance. It was founded in 2013 and based in Chicago, Illinois.

Epharmix

Seed Round in 2016
Epharmix, Inc. develops clinically validated and condition-specific communication tools for health care industry. Its products provide digital interventions that are built per condition and patient population to maintain patient-physician engagement, collect clinical data over time automatically, and algorithmically alert health care providers to provide chronic care management for the patients. Epharmix, Inc. was founded in 2015 and is based in Saint Louis, Missouri.

Redox

Series A in 2015
Redox accelerates the development and distribution of healthcare software solutions with a full-service integration platform to securely and efficiently exchange data. Healthcare delivery organizations and technology vendors connect once and authorize the data they send and receive across the most extensive interoperable network in healthcare. Redox exists to make healthcare data useful and every patient experience a little bit better. It keeps patients at the forefront by helping vendors and providers integrate securely, easily, and at a reduced cost. It was founded in 2014 and is headquartered in Madison, Wisconsin.

EnsoData

Seed Round in 2016
EnsoData is a startup that utilizes artificial intelligence to analyze the human body to diagnose health conditions. EnsoData, whose software uses machine learning algorithms to help clinicians score sleep data and diagnose patients with sleep apnea and other disorders, has now realized that dream—and then some. EnsoData's autoscoring algorithm combines AASM scoring best practices with cutting edge machine learning algorithms that learn and adapt to every single patient.

RxLightning

Venture Round in 2021
RxLightning digitizes, automates and streamlines the historically complicated manual enrollment process of starting a patient on specialty medications.

Redox

Series B in 2017
Redox accelerates the development and distribution of healthcare software solutions with a full-service integration platform to securely and efficiently exchange data. Healthcare delivery organizations and technology vendors connect once and authorize the data they send and receive across the most extensive interoperable network in healthcare. Redox exists to make healthcare data useful and every patient experience a little bit better. It keeps patients at the forefront by helping vendors and providers integrate securely, easily, and at a reduced cost. It was founded in 2014 and is headquartered in Madison, Wisconsin.

EnsoData

Seed Round in 2018
EnsoData is a startup that utilizes artificial intelligence to analyze the human body to diagnose health conditions. EnsoData, whose software uses machine learning algorithms to help clinicians score sleep data and diagnose patients with sleep apnea and other disorders, has now realized that dream—and then some. EnsoData's autoscoring algorithm combines AASM scoring best practices with cutting edge machine learning algorithms that learn and adapt to every single patient.

Redox

Debt Financing in 2018
Redox accelerates the development and distribution of healthcare software solutions with a full-service integration platform to securely and efficiently exchange data. Healthcare delivery organizations and technology vendors connect once and authorize the data they send and receive across the most extensive interoperable network in healthcare. Redox exists to make healthcare data useful and every patient experience a little bit better. It keeps patients at the forefront by helping vendors and providers integrate securely, easily, and at a reduced cost. It was founded in 2014 and is headquartered in Madison, Wisconsin.

Moving Analytics

Pre Seed Round in 2016
Moving Analytics. is a tele-health company dedicated to helping people thrive after heart disease. Our flagship product is Movn a virtual cardiac rehabilitation program that leverages evidence based guidelines, behavioral science, remote monitoring and personalized coaching to help patients recover to full health after a cardiac event. Movn is currently used by the Veterans Affairs Medical Center, Highmark Health Plan, Kaiser Permanente Northwest and many more health systems across the US.

CancerIQ

Series B in 2022
CancerIQ’s technology enables hospitals to identify, evaluate and manage entire patient populations based on individual genetic risk factors. By analyzing family history, running predictive risk models and automating NCCN guidelines, CancerIQ empowers community-based providers with the genetic expertise to prevent cancer or catch it early. The platform has been rapidly adopted by some of the top health systems in the country and fully integrates with genetics laboratories, EHRs, and specialty software vendors to streamline workflow, guide clinician decision making, achieve cost savings, and – most importantly – improve patient outcomes. Learn more about how CancerIQ is scaling the use of genetic testing to predict, preempt and prevent disease at canceriq.com.

Wellbe

Series A in 2021
Wellbe Inc. offers a cloud-based platform that facilitates connected care between patients and providers. It offers Connected CarePaths that enables patients to get timely instructions (can include graphics or videos), decision-support tools, preparation checklists, and feedback surveys. The company’s solutions include bundled payment, disease-specific care, patient navigation, perioperative surgical home, and patient reported outcomes measures. It serves patients, service line directors, and care coordinators. The company was founded in 2009 and is based in Madison, Wisconsin.

Pacifica Labs

Seed Round in 2017
Pacifica Labs, Inc. develops a mental health maintenance application for stress, anxiety, and worry based on cognitive behavioral therapy, relaxation, and wellness. It offers Pacifica application for daily mood tracking, cognitive behavioral therapy tools, guided relaxation techniques, guided meditations for anxiety, and anxiety peer support groups. The company was founded in 2014 and is based in San Francisco, California.

Health iPASS

Series A in 2017
Health iPASS is redefining the patient revenue cycle by improving the patient experience from appointment to payment. Health iPASS helps providers promote price transparency, build trust, and increase their operating income by simplifying the check-in process and streamlining both time-of-service and residual balance patient payments through an innovative, multi-channel software solution. Our patient friendly system supports 850+ payers, 90+ practice management systems and is payment processor-agnostic. Many providers have realized 90-95% patient net collection rates, slashed denials by over 50%, and have significantly reduced cost and time to collect.

Orbita, Inc.

Series A in 2020
Orbita is the leading digital platform for voice and chatbot virtual assistant solutions in healthcare. Orbita powers omni-channel virtual assistants, bots, and other conversational experiences that improve patient engagement, reduce costs of care, and improve outcomes. https://www.youtube.com/channel/UCdcL0Oc_9L6CbTS7DeZ6UBg

CancerIQ

Series A in 2020
CancerIQ’s technology enables hospitals to identify, evaluate and manage entire patient populations based on individual genetic risk factors. By analyzing family history, running predictive risk models and automating NCCN guidelines, CancerIQ empowers community-based providers with the genetic expertise to prevent cancer or catch it early. The platform has been rapidly adopted by some of the top health systems in the country and fully integrates with genetics laboratories, EHRs, and specialty software vendors to streamline workflow, guide clinician decision making, achieve cost savings, and – most importantly – improve patient outcomes. Learn more about how CancerIQ is scaling the use of genetic testing to predict, preempt and prevent disease at canceriq.com.

NarrativeDx

Series A in 2017
NarrativeDx Inc. develops a data analytics solution for hospitals. Its solution enables healthcare administrators to collect and monitor what patients say by aggregating data from various sources, including social media platforms and output from HCAHPS survey vendors; learn the context behind patient satisfaction scores; and know which improvement actions to take for better patient engagement, maximum reimbursements, and quality care. The company is based in Austin, Texas. As of March 17, 2020, NarrativeDx Inc. operates as a subsidiary of Press Ganey Associates, Inc.

EnsoData

Series A in 2022
EnsoData is a startup that utilizes artificial intelligence to analyze the human body to diagnose health conditions. EnsoData, whose software uses machine learning algorithms to help clinicians score sleep data and diagnose patients with sleep apnea and other disorders, has now realized that dream—and then some. EnsoData's autoscoring algorithm combines AASM scoring best practices with cutting edge machine learning algorithms that learn and adapt to every single patient.

Medable, Inc.

Series B in 2017
Medable provides a global decentralized trial platform that streamlines design, recruitment, retention, and data quality, replacing siloed systems with integrated digital tools, data, and interfaces to accelerate trial execution. The platform connects patients, sites, and clinical trial teams to improve patient access, experience, and outcomes. It is now used by leading biopharma sponsors and clinical research organizations worldwide and has been used for trials in 30+ countries and 26 languages. It was founded in 2015 and is headquartered in Palo Alto, California.

VEDA Data Solutions, Inc.

Series A in 2020
VEDA Data Solutions, Inc. provides automated data science and machine learning solutions for healthcare directories. It offers Alchemy that automates workflow and improves the time to transform the network, rosters, and data files across the healthcare industry; and Sentinel offers a data monitoring engine that reads, interprets, translates, and exports various rows of roster or claims. VEDA Data Solutions, Inc. was founded in 2015 and is based in Washington, District Of Columbia with an additional location in Madison, Wisconsin.

Ideawake

Seed Round in 2022
Ideawake provides an easy to use innovation platform combined with programs, services, and expertise that supports the innovation program. Its SaaS idea management platform enables employers to (1) solicit and crowdsource ideas of employees, customers, and vendors to reduce costs, generate additional revenue and engage employees, (2) evaluate and select the best ideas, and (3) manage the implementation of those ideas. It aims to empower brands with the tools, processes, and connections they need to transform employees into innovators and their ideas into measurable impact. Ideawake was founded in 2013 and is headquartered in Milwaukee, Wisconsin.

NarrativeDx

Corporate Round in 2019
NarrativeDx Inc. develops a data analytics solution for hospitals. Its solution enables healthcare administrators to collect and monitor what patients say by aggregating data from various sources, including social media platforms and output from HCAHPS survey vendors; learn the context behind patient satisfaction scores; and know which improvement actions to take for better patient engagement, maximum reimbursements, and quality care. The company is based in Austin, Texas. As of March 17, 2020, NarrativeDx Inc. operates as a subsidiary of Press Ganey Associates, Inc.

Kilter, Inc.

Seed Round in 2021
Kilter is an enterprise wellness platform that allows employers to donate to charities of employees choice for doing healthy activities.

InsightRX

Series A in 2019
InsightRX is a software platform that incorporates the principles of quantitative pharmacology and machine learning to provide an individualized understanding of a patient’s response to treatment. It delivers its technology in the form of easy-to-use clinical decision support tools at the point-of-care to help guide treatment decision-making. The platform guides treatment decisions at both the individual level and the population level. InsightRX controls clinically validated pharmacokinetic models, patient physiology, pharmacogenomics, drug concentrations, and biomarkers to optimize dosing. It combines real-time patient data and machine learning to understand individual patient pharmacology and inform dose optimization. The platform also leverages disease-based pharmacodynamics models to inform treatment decision making. InsightRX was launched in 2015 by Ron Keizer, Sirj Goswami, and Ranvir Mangat. It is operated from San Francisco, California.

Redox

Series B in 2017
Redox accelerates the development and distribution of healthcare software solutions with a full-service integration platform to securely and efficiently exchange data. Healthcare delivery organizations and technology vendors connect once and authorize the data they send and receive across the most extensive interoperable network in healthcare. Redox exists to make healthcare data useful and every patient experience a little bit better. It keeps patients at the forefront by helping vendors and providers integrate securely, easily, and at a reduced cost. It was founded in 2014 and is headquartered in Madison, Wisconsin.

Agathos, Inc.

Seed Round in 2017
Agathos helps hospitals optimize length of stay and utilization of resources by engaging physicians with real-time, individualized, and actionable feedback and care insights. Focusing on key clinical metrics, Agathos creates a new physician experience with data grounded in a “weighted attribution” methodology based on shared case ownership, user-centric design, clinically and statistically credible benchmarks and insights, and technology to facilitate problem-solving and collaborative patient care. To learn more on how physician engagement can drive better outcomes at your hospital, visit www.agathos.io.

Health iPASS

Seed Round in 2016
Health iPASS is redefining the patient revenue cycle by improving the patient experience from appointment to payment. Health iPASS helps providers promote price transparency, build trust, and increase their operating income by simplifying the check-in process and streamlining both time-of-service and residual balance patient payments through an innovative, multi-channel software solution. Our patient friendly system supports 850+ payers, 90+ practice management systems and is payment processor-agnostic. Many providers have realized 90-95% patient net collection rates, slashed denials by over 50%, and have significantly reduced cost and time to collect.

DotCom Therapy, Inc.

Seed Round in 2019
DotCom Therapy specializes in providing speech therapy, occupational therapy, and mental health services via computer, tablet, or smartphone. They hand-match students, patients, and clients with our therapists who provide the highest quality therapy in a live, online, face-to-face setting. It offers speech, occupational and mental health therapy, educational audiology, case management, and literacy services. The company was founded in 2015 and is based in Madison, Wisconsin, United States.

ImageMoverMD

Venture Round in 2017
ImageMoverMD is a medical imaging software company that integrates enterprise imaging and electronic health record systems. The company's innovative solutions employ an exclusive approach to securely connect photos, video, and outside medical images with the EHR, simplifying communication, and enhancing patient care. It transforms enterprise imaging to improve the quality and cost of care while optimizing patient and provider experience. ImagerMoverMD using web-native automation applications that integrate with both the EMR and the VNA/PACs systems, the ImageMover platform measurably improves efficiency, increases revenue capture, and drives HIPAA compliance across the entire care continuum. It also provides end-to-end imaging optimization for health systems.

ImageMoverMD

Venture Round in 2019
ImageMoverMD is a medical imaging software company that integrates enterprise imaging and electronic health record systems. The company's innovative solutions employ an exclusive approach to securely connect photos, video, and outside medical images with the EHR, simplifying communication, and enhancing patient care. It transforms enterprise imaging to improve the quality and cost of care while optimizing patient and provider experience. ImagerMoverMD using web-native automation applications that integrate with both the EMR and the VNA/PACs systems, the ImageMover platform measurably improves efficiency, increases revenue capture, and drives HIPAA compliance across the entire care continuum. It also provides end-to-end imaging optimization for health systems.

AMOpportunities, Inc.

Seed Round in 2017
AMOpportunities connects international medical students and graduates with U.S. physicians and institutions for clinical experiences. The company's platform offers individuals the opportunity to explore and apply for clinical experiences at 200+ clinical sites across 70+ medical specialties and subspecialties. AMO provides exceptional support services such as visa and housing assistance. It was founded in 2013 and based in Chicago, Illinois.