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, Inc. is a healthcare technology company that operates a cloud-based platform designed to enhance communication and collaboration between medical and behavioral health providers. Founded in 2014 and based in New York, the platform integrates with health plans and systems to deliver actionable insights and reports on behavioral health conditions, ultimately aiming to improve patient outcomes. By facilitating connections among physicians, mental health providers, and insurers, Quartet Health enhances access to mental health care that aligns with patients' preferences and clinical needs, while also supporting tools for patient self-management. This approach not only improves the quality of care but also contributes to lowering healthcare costs for patients.

NeuroFlow

Venture Round in 2018
NeuroFlow, Inc. is a digital health company based in Philadelphia, Pennsylvania, that specializes in providing a platform for behavioral health and patient engagement throughout the mental healthcare continuum. Founded in 2016, NeuroFlow offers cloud-based tools designed for remote patient monitoring and the integration of behavioral health across various care settings, including psychology, primary care, and pain management. The platform empowers healthcare providers to track and engage patients through evidence-based practices, enhancing patient compliance and overall wellness. NeuroFlow's solutions cater to a diverse range of stakeholders, including practices, clinics, hospitals, health plans, and individuals. The company collaborates with several strategic partners, such as Smart Health Innovation Lab and Mental Health America, to further its mission of improving mental health outcomes.

Quil Health

Private Equity Round in 2018
Quil, the joint venture between Independence Health Group and Comcast NCBUniversal, is a digital health platform that offers personalized and interactive health journeys to consumers and their caregivers. Quil is committed to engaging consumers in their health and believes that an educated and engaged consumer leads to better outcomes at a lower cost. Quil serves consumers and their caregivers and partners with healthcare providers and health plans nationally. Visit https://quilhealth.com/ to learn more.

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 offers solutions to help individuals navigate the complexities of the healthcare system and workplace benefits in the United States. The company provides a cloud-based platform complemented by support from a team of health assistants and clinicians, including nurses and behavioral health specialists. Accolade's services are primarily aimed at employers who seek to enhance the healthcare experience for their employees and their families. By focusing on personalized health and benefits solutions, Accolade aims to improve healthcare outcomes while managing costs and increasing employee engagement. Founded in 2007, Accolade is headquartered in Plymouth Meeting, Pennsylvania.

Grand Round Table

Seed Round in 2015
Grand Round Table (GRT) is an innovative clinical decision support tool integrated into the electronic health record. The technology allows doctors to tap into the collective intelligence of doctors who have come before them to arrive at the correct treatment plan faster on sick, diagnostically challenging patients. GRT helps hospitals and clinics save time and money by directing doctors to appropriate solutions faster, reducing the number of unnecessary tests, ineffective treatments, and consultations that patients currently receive. Together with the changing payment models, GRT stands to help translate available medical knowledge and the organizations' own collective intelligence into shared savings by applying effective, peer-reviewed evidence for some of the costliest patients.

New Ocean Health Solutions

Funding Round in 2014
New Ocean Health Solutions, a software design and development company, delivers an enterprise health management platform that includes health and well-being programs that people value. It offers Bridge, an enterprise health and well-being integration and optimization platform that is designed to connect the disparate parts of the healthcare system. The company also delivers members and employees a personalized rewards-based program to meet their health goals from improved well-being to chronic condition management. New Ocean Health Solutions was formerly known as Care Cam Innovations, LLC. The company was founded in 2013 and is based in Conshohocken, Pennsylvania with an operation in Greenville, South Carolina.

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 (GRT) is an innovative clinical decision support tool integrated into the electronic health record. The technology allows doctors to tap into the collective intelligence of doctors who have come before them to arrive at the correct treatment plan faster on sick, diagnostically challenging patients. GRT helps hospitals and clinics save time and money by directing doctors to appropriate solutions faster, reducing the number of unnecessary tests, ineffective treatments, and consultations that patients currently receive. Together with the changing payment models, GRT stands to help translate available medical knowledge and the organizations' own collective intelligence into shared savings by applying effective, peer-reviewed evidence for some of the costliest patients.

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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