Frist Cressey Ventures

Frist Cressey Ventures, LLC is a venture capital firm established in 2015 and headquartered in Nashville, Tennessee. The firm specializes in early and growth stage investments, primarily focusing on the healthcare sector. It aims to accelerate the development of high-potential healthcare enterprises by forming value-added partnerships. Frist Cressey Ventures invests in technology and service businesses that offer innovative solutions to enhance quality of care, system integration, patient outcomes, and overall population health. By collaborating with like-minded entrepreneurs who share similar core values, the firm is dedicated to improving the healthcare landscape.

Matt Schappell

Principal

Mark Tipps

Partner and COO

Past deals in Health Care

SpectrumAi

Seed Round in 2022
SpectrumAi is a digital health company innovating Autism care to increase access to high-quality ABA therapy for kids on the spectrum around the world. With support from industry veterans in technology and healthcare, SpectrumAi is working with global clinical leaders in ABA therapy, parents, and payers to modernize.

Hint Health

Series B in 2022
Hint Health Inc. is a technology company that specializes in membership management for direct care providers. Founded in 2013 and headquartered in San Francisco, the company offers a platform designed to streamline membership administration and billing for healthcare providers, patients, employers, and health plans. Hint Health's services enable organizations to establish and manage their own direct primary care programs, allowing them to compete with traditional insurance models while enhancing the overall healthcare experience. The company's offerings include a range of plans tailored to different organizational needs. Through initiatives such as the Hint Summit, Hint Health fosters collaboration among healthcare professionals, industry leaders, and policy advocates to promote reform in the healthcare system and advocate for direct care as a viable standard for delivering care.

Bicycle Health

Series B in 2022
Bicycle Health is a virtual addiction medicine clinic that helps treat opioid dependence or use disorder. Addiction medicine specialists on the Bicycle Health platform will treat patients and works with the patient's insurance to get reimbursed for their services. The telemedicine-based company uses an interesting model to become an addiction medicine resource that physicians leverage for their patients while maintaining and strengthening their relationship with their patients. Ankit Gupta established it in San Francisco, California in 2017.

Lynx

Series A in 2022
Lynx is a fintech platform focused on healthcare, providing an API-connected service that enables businesses to incorporate payments, banking, and e-commerce seamlessly. Lynx FinHealth is a contemporary financial solution tailored to current healthcare demands, explicitly stating that it is not a bank. Instead, banking services and debit cards are offered through partnering banks.

Memora Health

Venture Round in 2022
Memora Health Inc., founded in 2016 and based in San Francisco, California, develops an enterprise healthcare productivity platform aimed at automating outpatient communication and enhancing care delivery. The company partners with health systems, health plans, and digital health organizations to streamline clinical workflows, allowing clinicians to focus on their primary responsibilities while proactively engaging patients throughout their care journeys. Memora's platform digitizes high-touch processes, intelligently triaging patient-reported data to the relevant care team members and facilitating proactive, two-way communication between patients and providers. By transforming the way care is delivered, Memora Health seeks to make healthcare more actionable, accessible, and continuous.

DexCare

Series B in 2022
DexCare is a Seattle-based provider of a platform-as-a-service designed to optimize health system capacity and demand across various lines of care. Established in 2021, the company offers a solution that transforms traditional patient-to-provider relationships into a scalable digital experience. This platform enhances patient access to the appropriate care settings, enabling healthcare institutions to attract new patients, boost revenue, and improve overall satisfaction. Additionally, DexCare's approach leads to significant cost savings while ensuring that patients receive timely and effective care.

Oshi Health

Series A in 2021
Oshi Health is a virtual-first gastroenterology clinic focused on diagnosing, treating, and remotely monitoring digestive health conditions. The clinic offers a comprehensive approach by integrating a team of gastroenterologists, specialized nurse practitioners, registered dietitians, behavioral psychologists, and health coaches. This collaborative team helps patients identify the root causes of their symptoms and develops personalized care plans that incorporate medication, dietary changes, and gut-brain behavioral therapy. By prioritizing accessibility and patient experience, Oshi Health aims to improve clinical outcomes and enhance the overall quality of life for individuals suffering from gastrointestinal issues.

Thyme Care

Series A in 2021
Thyme Care is a healthcare company that provides oncology care management services. The company offers a patient- and provider-integrated oncology solution, partnering with health plans to facilitate whole-person care for their members. Thyme Care seeks to revolutionize cancer care by providing personalized and holistic support to patients. The company envisions a future where every cancer patient can access high-quality, individualized care that meets their unique needs and circumstances.

Monogram Health

Series B in 2021
Monogram Health is a value-based specialty provider of in-home evidence-based care and benefit management services to patients suffering from polychronic conditions such as chronic kidney disease and end-stage renal disease. To transform the way health care is delivered for those with polychronic conditions, the company uses an innovative in-home care delivery model and a technology-driven array of evidence-based clinical services, such as complex case and disease management, utilization management, and medication therapy management. This innovative care model has been shown to improve patient outcomes and quality of life while lowering medical costs across the healthcare continuum. Monogram Health, based in Nashville, Tennessee, has numerous value-based partnerships with leading health plans and risk-bearing providers to care for patients across all insurance products and 34 states.

Main Street Health

Series A in 2021
Main Street Health is a provider of value-based, care-focused healthcare services aimed at addressing rural wellness concerns. The company's healthcare services are data-driven, and it provides partner clinics with employees, technology, critical access hospitals, community health centers, and possibilities to flourish in the care delivery model, allowing rural residents to receive the high-quality treatment they need.

Vim

Series B in 2021
Founded in 2015, Vim connects data to workflow at health care’s “last mile”: within clinical operations at the point of patient care. Health plans, patients, and medical providers of every size – from independent practitioners to integrated delivery systems – use Vim software to connect data and care across the health system. Vim’s mission is to power affordable, high quality health care through seamless connectivity. For more information, please visit getvim.com.

DexCare

Series A in 2021
DexCare is a Seattle-based provider of a platform-as-a-service designed to optimize health system capacity and demand across various lines of care. Established in 2021, the company offers a solution that transforms traditional patient-to-provider relationships into a scalable digital experience. This platform enhances patient access to the appropriate care settings, enabling healthcare institutions to attract new patients, boost revenue, and improve overall satisfaction. Additionally, DexCare's approach leads to significant cost savings while ensuring that patients receive timely and effective care.

Audacious Inquiry

Venture Round in 2020
Audacious Inquiry (AI) is a healthcare information technology and policy consulting firm founded in 2004 and headquartered in Baltimore, Maryland. Ai leverages domain expertise in health information policy and technology to offer bold solutions that are leading the way to smarter delivery of healthcare. Government, private and nonprofit organizations have turned to Ai to rethink how health information is shared, managed, and protected. Ai’s implementation of master data management (MDM) tools to enable health information exchange has set the standard for health information organizations and HIEs throughout the nation. Ai’s Encounter Notification Service® (ENS®) provides real-time hospital inpatient and ED admission, discharge, and transfer (ADT) event notifications and clinical summaries, to primary care providers, payers and other stakeholders of care. ENS can send secure alerts between participating hospitals, and inter-state among connected HIEs, in several ways (via secure web services connection, via Direct secure messaging technology, or via the ENS PROMPT user interface). ENS can rapidly drive measurable clinical improvements in quality and outcomes, and can be integral to initiatives around population health, transitions of care, and reduction of readmissions. Ai's ENS product currently delivers ADT notifications to HIE organization subscribers in Florida (FL HIE, AHCA), Utah (UHIN, cHIE), Delaware (DHIN), Southeastern Pennsylvania (HSX), Maryland (CRISP), and the District of Columbia. To learn more visit www.ENSinAction.com and follow @A_INQ.

Ready

Series C in 2020
Ready Responders was founded in 2016 with the mission of giving patients direct access to healthcare professionals in their homes and giving Responders the opportunity to provide care in their communities. Responders travel to patients’ homes to address their physical, mental, and social health needs, utilizing technology to connect with an advanced medical or behavioral health provider, and connecting them with external resources and relationships for ongoing, sustained support. With Ready Responders, patients now have access to quality whole-person care in their homes, 16 hours a day, 365 days a year, and talented individuals are provided the opportunity to work with a rapidly growing, mission-driven company. They are in-network with most major insurance companies in the markets they serve. Ready Responders is backed by leading venture capital firms, including Google Ventures, Founders Fund, Rise of the Rest, and City Lights Capital.

Klara

Series A in 2020
Klara’s end-to-end patient engagement platform enables healthcare organizations to easily communicate with patients, provide virtual care, collaborate as a team, and automate many front-desk tasks. Thousands of healthcare teams across more than 40 specialties use Klara to make their workflows more efficient, deliver an exceptional patient experience across the entire care journey, and grow their patient volume.

Monogram Health

Series A in 2020
Monogram Health is a value-based specialty provider of in-home evidence-based care and benefit management services to patients suffering from polychronic conditions such as chronic kidney disease and end-stage renal disease. To transform the way health care is delivered for those with polychronic conditions, the company uses an innovative in-home care delivery model and a technology-driven array of evidence-based clinical services, such as complex case and disease management, utilization management, and medication therapy management. This innovative care model has been shown to improve patient outcomes and quality of life while lowering medical costs across the healthcare continuum. Monogram Health, based in Nashville, Tennessee, has numerous value-based partnerships with leading health plans and risk-bearing providers to care for patients across all insurance products and 34 states.

Ready

Series B in 2020
Ready Responders was founded in 2016 with the mission of giving patients direct access to healthcare professionals in their homes and giving Responders the opportunity to provide care in their communities. Responders travel to patients’ homes to address their physical, mental, and social health needs, utilizing technology to connect with an advanced medical or behavioral health provider, and connecting them with external resources and relationships for ongoing, sustained support. With Ready Responders, patients now have access to quality whole-person care in their homes, 16 hours a day, 365 days a year, and talented individuals are provided the opportunity to work with a rapidly growing, mission-driven company. They are in-network with most major insurance companies in the markets they serve. Ready Responders is backed by leading venture capital firms, including Google Ventures, Founders Fund, Rise of the Rest, and City Lights Capital.

Stratasan

Venture Round in 2019
Stratasan, LLC specializes in providing market intelligence to hospitals and healthcare systems through its innovative software and services. Based in Nashville, Tennessee, the company offers a proprietary analytical platform featuring applications such as Blackbird, a data query engine delivering actionable insights, and Canvas, a customizable reporting tool that presents financial insights and market projections for various healthcare volumes. Additionally, Stratasan provides a suite of solutions known as Pathways, which further enhances access to critical intelligence. By transforming demographic and market data into clear insights, Stratasan enables healthcare organizations to make informed decisions regarding strategic planning, marketing, and growth initiatives. Founded in 2010 and rebranded from Health Data Source LLC in 2011, Stratasan is dedicated to helping healthcare providers maximize their strategic growth potential.

Monogram Health

Series A in 2019
Monogram Health is a value-based specialty provider of in-home evidence-based care and benefit management services to patients suffering from polychronic conditions such as chronic kidney disease and end-stage renal disease. To transform the way health care is delivered for those with polychronic conditions, the company uses an innovative in-home care delivery model and a technology-driven array of evidence-based clinical services, such as complex case and disease management, utilization management, and medication therapy management. This innovative care model has been shown to improve patient outcomes and quality of life while lowering medical costs across the healthcare continuum. Monogram Health, based in Nashville, Tennessee, has numerous value-based partnerships with leading health plans and risk-bearing providers to care for patients across all insurance products and 34 states.

Regroup

Series B in 2018
Regroup provides integrated telepsychiatry services designed to offer psychiatric care remotely through live and interactive video conferencing. They improve access to mental health care, enabling patients to overcome geographical distances, restrictions on mobility, transportation difficulties, and time and cost burdens.

180 Health Partners

Series B in 2018
180 Health Partners provides multi-modal care coordination between opioid-addicted mothers and healthcare providers.180 Health Partners works with expecting mothers to turn the tide of prenatal substance use resulting in the delivery of healthy thriving babies.

Relode

Seed Round in 2016
Relode develops an online recruitment platform that offers peer-sourced recruitment. It also offers organizational tools to sort and identify passive candidates on the internet and helps employers avoid resume databases, enabling medical enterprises to connect with relevant healthcare professionals based on their job requirements intuitively.

180 Health Partners

Series A in 2016
180 Health Partners provides multi-modal care coordination between opioid-addicted mothers and healthcare providers.180 Health Partners works with expecting mothers to turn the tide of prenatal substance use resulting in the delivery of healthy thriving babies.

Aspire Health

Series D in 2016
Aspire Health is a new healthcare company that specializes in providing an extra layer of support to patients facing a serious illness. The company's clinicians are experts in providing patients with relief from the symptoms, pain, and stress of a serious illness, helping patients and caregivers navigate the healthcare system; guiding patients and caregivers through difficult and complex treatment choices, and providing emotional and spiritual support to patients and their families. The company's practice in each market provides disease management and care coordination across many settings including outpatient clinics, patients’ homes, and assisted living centers. It was established in 2012 and is based in Nashville, Tennessee, United States.

Valify

Series A in 2016
Valify offers a purchased services technology solution that allows healthcare organizations to quickly identify, benchmark, and track savings in over 1,200 categories. Leveraging proprietary benchmarking analysis, market share insights, and customization RFP templates, Valify provides a proven end-to-end purchased services solution for organizations to increase efficiency, productivity, and savings. Valfiy serves over 600 health systems nationwide and has saved its customers over $100 million since it was founded in 2014. Valify has been recognized by Gartner as a 2017 “Cool Vendor” in Supply Chain Execution Technology.
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