HealthX Ventures

HealthX Ventures is a venture capital firm established in 2015 and based in Madison, Wisconsin. The firm focuses on early-stage investments in the digital healthcare sector across the United States. By targeting innovative companies that leverage technology to improve healthcare delivery and outcomes, HealthX Ventures aims to support the growth and development of transformative solutions in the healthcare industry.

Caroline Arenz

Principal

Mark Bakken

Founder and Managing Partner

Kristi Ebong

Partner

Shabaka Gibson

Principal

Laura Hilty

Principal

Samantha McGrandy

CFO

Ryne Natzke

Partner

Darcey Nett

Principal

33 past transactions

EnsoData

Series A in 2022
EnsoData is a healthcare technology startup that leverages artificial intelligence to enhance the diagnosis and treatment of sleep disorders. Its software employs advanced machine learning algorithms to analyze sleep data, enabling clinicians to efficiently score and diagnose conditions such as sleep apnea. By integrating best practices in scoring with innovative algorithms, EnsoData's platform automates the interpretation of complex sleep study data, significantly reducing review times for neurology labs. This efficiency not only streamlines the scoring process but also enhances patient outcomes and increases revenue for healthcare providers.

RehabPath

Seed Round in 2022
Operator of healthcare facilities intended to help families and individuals worldwide find hope and help from addiction. The company's facilities provide knowledgeable and unbiased information while continuing to provide relevant resources throughout the entire recovery journey, enabling people with mental health issues to get dedicated information for specific rehab centers and treatment.

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.

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.

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.

RxLightning

Venture Round in 2021
RxLightning is a developer of a specialty prescription management platform that aims to simplify the enrollment process for patients starting specialty medications. By digitizing and automating this traditionally complex manual procedure, the platform enhances efficiency across various therapeutic areas, including addiction medicine, cardiology, endocrinology, and dermatology. This innovative approach allows healthcare providers to minimize paperwork, improve communication, and expedite access to therapy for patients, ultimately contributing to better health outcomes.

Kilter

Seed Round in 2021
Kilter is an enterprise wellness platform that promotes healthy lifestyles among employees by allowing employers to contribute to charities chosen by their staff in exchange for engaging in healthy activities. The platform also provides fitness and wellness solutions aimed at building healthier communities. It offers both individual and bundled deals to gyms, exercise studios, and lifestyle boutiques based on user preferences and location. By encouraging physical activity and well-being, Kilter helps users lead healthier lives while also providing discounts on services such as massage, nutrition, and partnered apparel.

Intelligent Locations

Seed Round in 2020
Developer of an artificial intelligence-embedded tracking technology designed to provide data insights for healthcare organizations. The company's technology uses predictive modeling for advanced monitoring of assets, people and processes in order to solve problems of inefficiency, affordability and accessibility, enabling healthcare providers to offer value-based medical services in an efficient manner.

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.

Orbita

Series A in 2020
Orbita, Inc. operates a cloud-based platform that specializes in voice and chatbot capabilities tailored for the healthcare sector. The company's offerings include a range of solutions such as OrbitaENGAGE, which facilitates patient engagement through digital channels, and OrbitaASSIST, a voice-enabled virtual bedside assistant designed for patients and nurses. Additionally, OrbitaCONNECT empowers patients to manage their health from home with personalized support. The platform also caters to life sciences industries, enhancing access and engagement for patients and providers, and features the Orbita Employee Health Manager to promote workplace wellness. Orbita's products are designed to be HIPAA-compliant, ensuring data security while improving patient engagement and reducing healthcare costs. Founded in 2015 and based in Boston, Massachusetts, Orbita serves various stakeholders, including healthcare providers, pharmaceutical companies, payers, and application developers. The company was previously known as Bebaio, Inc. before rebranding in February 2016.

VEDA Data Solutions

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.

InsightRx

Series A in 2019
InsightRX is a cloud-based software platform that utilizes quantitative pharmacology and machine learning to enhance individualized treatment for patients. By providing clinical decision support tools at the point of care, the platform assists healthcare professionals in optimizing treatment decisions based on real-time patient data. InsightRX integrates clinically validated pharmacokinetic models, patient physiology, pharmacogenomics, drug concentrations, and biomarkers to refine dosing strategies. It also employs disease-based pharmacodynamics models to further inform treatment choices at both individual and population levels. Founded in 2015 and headquartered in San Francisco, InsightRX aims to improve treatment effectiveness and deliver direct benefits to patients through its innovative technology.

AMOpportunities

Series A in 2019
AMOpportunities, Inc. is a Chicago-based company that connects international medical students and graduates with clinical experiences in the United States. Established in 2013, it offers short-term training programs, including clinical rotations and research internships, across over 200 clinical sites in more than 70 medical specialties and subspecialties. The company facilitates the application process for these clinical experiences and provides essential support services, such as visa and housing assistance. By enabling participants to engage with U.S. physicians and medical institutions, AMOpportunities helps enhance their medical knowledge and practical skills through discussions, case studies, and various projects.

Huddle Up

Seed Round in 2019
Huddle Up, formerly known as DotCom Therapy, Inc., is a Madison, Wisconsin-based company that specializes in delivering teletherapy services through an integrated web-based platform. Established in 2015, it offers a range of therapies including speech therapy, occupational therapy, and mental health services, catering to school districts, private practices, enterprise health systems, and individual clients. Its speech therapy services encompass various areas such as articulation, augmentative and alternative communication, and voice therapy, while occupational therapy includes feeding therapy, fine motor skills development, and daily living skills training. Additionally, Huddle Up provides mental health services like individual and family counseling, behavior intervention plans, and vocational rehabilitation. The company emphasizes personalized care by hand-matching clients with qualified therapists for live, online sessions using computers, tablets, or smartphones.

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.

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.

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.

EnsoData

Seed Round in 2018
EnsoData is a healthcare technology startup that leverages artificial intelligence to enhance the diagnosis and treatment of sleep disorders. Its software employs advanced machine learning algorithms to analyze sleep data, enabling clinicians to efficiently score and diagnose conditions such as sleep apnea. By integrating best practices in scoring with innovative algorithms, EnsoData's platform automates the interpretation of complex sleep study data, significantly reducing review times for neurology labs. This efficiency not only streamlines the scoring process but also enhances patient outcomes and increases revenue for healthcare providers.

HealthiPASS

Series A in 2017
HealthiPASS is a company focused on enhancing the patient revenue cycle by streamlining the payment process in healthcare settings. Its innovative software solution simplifies patient check-in and facilitates the collection of payments, including co-pays and prior balances, at the time of service. The platform is compatible with over 850 payers and 90 practice management systems, making it adaptable and efficient for various healthcare providers. By promoting price transparency and automating payment processes, HealthiPASS has helped many providers achieve high patient net collection rates, reduce payment denials significantly, and lower operational costs. This patient-centric approach not only improves the overall patient experience but also builds trust between patients and healthcare providers.

Agathos

Seed Round in 2017
Agathos, Inc. is a healthcare technology company based in San Francisco, California, established in 2015. The company has developed an on-demand platform aimed at enhancing the delivery of care by providing physicians with real-time, individualized feedback and actionable insights. This platform focuses on optimizing hospital resources and reducing patient length of stay by engaging physicians with key clinical metrics. Utilizing a "weighted attribution" methodology, Agathos facilitates shared case ownership and collaborative patient care. The platform also leverages mobile analytics to identify practice patterns and inform physicians through clinically credible benchmarks, ultimately aiming to drive better healthcare outcomes and reduce unnecessary variations in care.

AMOpportunities

Seed Round in 2017
AMOpportunities, Inc. is a Chicago-based company that connects international medical students and graduates with clinical experiences in the United States. Established in 2013, it offers short-term training programs, including clinical rotations and research internships, across over 200 clinical sites in more than 70 medical specialties and subspecialties. The company facilitates the application process for these clinical experiences and provides essential support services, such as visa and housing assistance. By enabling participants to engage with U.S. physicians and medical institutions, AMOpportunities helps enhance their medical knowledge and practical skills through discussions, case studies, and various projects.

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.

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.

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.

Pacifica Labs

Seed Round in 2017
Pacifica Labs, Inc. is a San Francisco-based company that develops a mobile application aimed at helping individuals manage stress, anxiety, and worry through cognitive behavioral therapy and mindfulness techniques. Founded in 2014, the Pacifica application offers users tools for daily mood tracking, guided relaxation exercises, and peer support groups, making mental health care more accessible and integrated into everyday life. By employing engaging and evidence-based strategies, the app empowers users to take control of their mental well-being, thereby reducing the financial burden on both individuals and healthcare providers. The platform is designed for both those currently in treatment and those who may not otherwise seek care, fostering a proactive approach to mental health maintenance.

Medable

Series B in 2017
Medable, Inc. operates a cloud-based platform that facilitates decentralized clinical trials, enabling healthcare providers, biopharma sponsors, and clinical research organizations to enhance trial design, recruitment, retention, and data quality. The platform integrates various digital tools and services, ensuring compliance with health regulations while improving patient access and experience. Key offerings include solutions for telemedicine, such as HIPAA-compliant video consultations and platforms for capturing clinical trial outcomes remotely. Medable's services support the creation of applications for mobile, desktop, and web use, addressing the needs of doctors, hospitals, and health technology companies. Founded in 2015 and headquartered in Palo Alto, California, Medable has been utilized in clinical trials across over 30 countries and 26 languages, contributing to more effective therapy delivery and patient outcomes.

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.

Epharmix

Seed Round in 2016
Epharmix, Inc. is a digital healthcare company that specializes in developing clinically validated, condition-specific communication tools for the healthcare industry. Founded in 2015 and based in Saint Louis, Missouri, Epharmix provides digital interventions designed to enhance patient-physician engagement, automate the collection of clinical data, and alert healthcare providers for effective chronic care management. Its products aim to improve care for underserved patients while also reducing the workload of care teams, ultimately enhancing patient engagement and health outcomes.

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.

HealthiPASS

Seed Round in 2016
HealthiPASS is a company focused on enhancing the patient revenue cycle by streamlining the payment process in healthcare settings. Its innovative software solution simplifies patient check-in and facilitates the collection of payments, including co-pays and prior balances, at the time of service. The platform is compatible with over 850 payers and 90 practice management systems, making it adaptable and efficient for various healthcare providers. By promoting price transparency and automating payment processes, HealthiPASS has helped many providers achieve high patient net collection rates, reduce payment denials significantly, and lower operational costs. This patient-centric approach not only improves the overall patient experience but also builds trust between patients and healthcare providers.

EnsoData

Seed Round in 2016
EnsoData is a healthcare technology startup that leverages artificial intelligence to enhance the diagnosis and treatment of sleep disorders. Its software employs advanced machine learning algorithms to analyze sleep data, enabling clinicians to efficiently score and diagnose conditions such as sleep apnea. By integrating best practices in scoring with innovative algorithms, EnsoData's platform automates the interpretation of complex sleep study data, significantly reducing review times for neurology labs. This efficiency not only streamlines the scoring process but also enhances patient outcomes and increases revenue for healthcare providers.

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.
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