Lemhi Ventures, established in 2006 and based in Wayzata, Minnesota, is a venture capital firm specializing in early-stage investments in the U.S. healthcare services sector. The firm focuses on incubating and seed-funding innovative companies with disruptive business models, aiming to be a lead investor and often taking a board seat. Lemhi Ventures was founded by experienced entrepreneurs and executives, drawing on their diverse backgrounds to identify and support promising healthcare services startups.
Harbor Health is a multi-specialty clinic group based in Austin, Texas, founded in 2022. The organization focuses on delivering personalized, patient-centered healthcare by utilizing technology to enhance the patient experience. Harbor Health offers a collaborative approach to healthcare, working closely with individuals to understand their health goals and providing access to specialists when necessary. The clinic provides a variety of services, including primary care, chronic disease management, behavioral health, and overall wellness. Patients benefit from same-day and virtual appointment options, as well as conveniently located clinics, ensuring that healthcare is accessible and responsive to their needs.
Aegle Health Partners
Convertible Note in 2022
Aegle Health Partners is a provider of innovative risk management services aimed at transforming healthcare funding. The company offers a suite of custom credit-and risk-based financial instruments designed to serve as an alternative to traditional reinsurance. By leveraging advanced financial engineering and technology, Aegle disrupts the health reinsurance market, catering to insured health payers, self-insured employers, governments, and at-risk providers. Their model delivers effective tail protection comparable to conventional reinsurance but without the common pitfalls of lasers or exclusions, and it includes full upfront population health credit. Through these services, Aegle Health Partners seeks to enhance financial stability within the healthcare sector.
Harbor Health
Series A in 2022
Harbor Health is a multi-specialty clinic group based in Austin, Texas, founded in 2022. The organization focuses on delivering personalized, patient-centered healthcare by utilizing technology to enhance the patient experience. Harbor Health offers a collaborative approach to healthcare, working closely with individuals to understand their health goals and providing access to specialists when necessary. The clinic provides a variety of services, including primary care, chronic disease management, behavioral health, and overall wellness. Patients benefit from same-day and virtual appointment options, as well as conveniently located clinics, ensuring that healthcare is accessible and responsive to their needs.
Aegle Health Partners
Seed Round in 2021
Aegle Health Partners is a provider of innovative risk management services aimed at transforming healthcare funding. The company offers a suite of custom credit-and risk-based financial instruments designed to serve as an alternative to traditional reinsurance. By leveraging advanced financial engineering and technology, Aegle disrupts the health reinsurance market, catering to insured health payers, self-insured employers, governments, and at-risk providers. Their model delivers effective tail protection comparable to conventional reinsurance but without the common pitfalls of lasers or exclusions, and it includes full upfront population health credit. Through these services, Aegle Health Partners seeks to enhance financial stability within the healthcare sector.
Bind On-Demand Health Insurance
Series B in 2020
Bind Benefits, Inc. is a health insurance company based in Minneapolis, Minnesota, founded in 2016. It offers tailored health insurance services to individuals, families, employers, and healthcare providers. Unlike traditional health insurance models, which often charge for unnecessary services, Bind allows customers to pay only for the coverage they need and offers the flexibility to adjust this coverage as their needs change. The company distributes its services through brokers, consultants, and online platforms, ensuring accessibility and adaptability for its clients.
Bind On-Demand Health Insurance
Series A in 2018
Bind Benefits, Inc. is a health insurance company based in Minneapolis, Minnesota, founded in 2016. It offers tailored health insurance services to individuals, families, employers, and healthcare providers. Unlike traditional health insurance models, which often charge for unnecessary services, Bind allows customers to pay only for the coverage they need and offers the flexibility to adjust this coverage as their needs change. The company distributes its services through brokers, consultants, and online platforms, ensuring accessibility and adaptability for its clients.
Digital Reasoning
Series D in 2018
Digital Reasoning Systems, Inc. is a developer of an artificial intelligence cognitive computing platform that specializes in processing and organizing unstructured data into meaningful insights for businesses. Founded in 2000 and based in Franklin, Tennessee, with additional offices in New York, Washington, D.C., and London, the company offers its primary product, Synthesys, which utilizes advanced features such as natural language processing, entity resolution, and link analysis. This platform is designed to automatically categorize, link, retrieve, and profile unstructured data, providing critical intelligence and insights for industries including finance, healthcare, and legal sectors. Digital Reasoning's solutions support intelligence analysts in both government and commercial markets, enhancing their ability to visualize connections within data sets and address risks and threats effectively. The company maintains strategic partnerships to enhance its offerings and expand its reach in the market.
Bind On-Demand Health Insurance
Series A in 2018
Bind Benefits, Inc. is a health insurance company based in Minneapolis, Minnesota, founded in 2016. It offers tailored health insurance services to individuals, families, employers, and healthcare providers. Unlike traditional health insurance models, which often charge for unnecessary services, Bind allows customers to pay only for the coverage they need and offers the flexibility to adjust this coverage as their needs change. The company distributes its services through brokers, consultants, and online platforms, ensuring accessibility and adaptability for its clients.
Bind On-Demand Health Insurance
Venture Round in 2017
Bind Benefits, Inc. is a health insurance company based in Minneapolis, Minnesota, founded in 2016. It offers tailored health insurance services to individuals, families, employers, and healthcare providers. Unlike traditional health insurance models, which often charge for unnecessary services, Bind allows customers to pay only for the coverage they need and offers the flexibility to adjust this coverage as their needs change. The company distributes its services through brokers, consultants, and online platforms, ensuring accessibility and adaptability for its clients.
Recondo
Debt Financing in 2016
Recondo specializes in providing a cloud-based revenue cycle management platform designed to enhance efficiency and reduce costs in healthcare payment processing. By connecting providers, payers, and patients, Recondo's solutions aim to streamline the complexities of the healthcare revenue cycle, which incurs significant expenses in the United States. The platform minimizes unnecessary and error-prone interactions with accounts, allowing organizations to achieve better financial outcomes. It offers tools that help effectively financially clear patients and address potential denials, enabling healthcare staff to manage 95% of denial risks before services are rendered and to resolve denials more swiftly. Overall, Recondo's services contribute to more proper payments throughout the continuum of healthcare, addressing a critical area that costs the industry billions annually.
RetraceHealth
Series A in 2016
RetraceHealth, Inc. operates an online platform that facilitates urgent and routine healthcare through video visits and in-person home visits. The platform focuses on providing services in preventive care, pediatric care, primary care, and management of chronic conditions such as high blood pressure and diabetes. Patients can access care via video visits in Minnesota and Wisconsin, while home visits are available in the Twin Cities metro area and other locations. Founded in 2013 and based in Minneapolis, Minnesota, RetraceHealth aims to deliver high-quality primary care that is both personal and affordable, offering services comparable to those found in traditional clinics but delivered directly to patients' homes. The company emphasizes accessible care options, connecting patients with trusted clinical professionals through technology-driven solutions.
Digital Reasoning
Series D in 2016
Digital Reasoning Systems, Inc. is a developer of an artificial intelligence cognitive computing platform that specializes in processing and organizing unstructured data into meaningful insights for businesses. Founded in 2000 and based in Franklin, Tennessee, with additional offices in New York, Washington, D.C., and London, the company offers its primary product, Synthesys, which utilizes advanced features such as natural language processing, entity resolution, and link analysis. This platform is designed to automatically categorize, link, retrieve, and profile unstructured data, providing critical intelligence and insights for industries including finance, healthcare, and legal sectors. Digital Reasoning's solutions support intelligence analysts in both government and commercial markets, enhancing their ability to visualize connections within data sets and address risks and threats effectively. The company maintains strategic partnerships to enhance its offerings and expand its reach in the market.
PokitDok
Series B in 2015
PokitDok, Inc. is a cloud-based company that provides a comprehensive application programming interface (API) platform designed to facilitate various healthcare transactions. Founded in 2011 and headquartered in San Mateo, California, with an additional office in Charleston, South Carolina, PokitDok enables health systems, technology providers, and developers to enhance their applications by integrating services such as eligibility checks, claims submissions, appointment scheduling, payment processing, and patient identity management. The platform also offers insights on cash costs for health services and includes an e-commerce storefront for practitioners to market their services and allow consumers to pay for treatments upfront. By streamlining workflows and improving operational efficiency, PokitDok supports healthcare organizations in creating patient-centered experiences and modern commerce solutions across the healthcare value chain.
Sandlot Solutions
Venture Round in 2014
Sandlot Solutions is a healthcare information technology company jointly owned by Santa Rosa Holdings and North Texas Specialty Physicians (NTSP) that provides a next-generation health information exchange (HIE) and data analytics tools and services for streamlining data sharing between providers, hospital systems, and health plans in order to improve patient outcomes and reduce the cost of care. Sandlot Solutions’ customizable products and services allow healthcare providers easy access to patient information from a variety of sources and formats community-wide to more effectively enhance care coordination, disease management, and quality measurement while preparing for Accountable Care and other payment models.
PlanSource
Series B in 2014
PlanSource is a web-based human resources and benefits administration company headquartered in Orlando, Florida. Founded in 2002, it provides a suite of technology solutions designed for small and medium-sized businesses to streamline benefits administration. Its flagship product automates various benefits transactions and connects with insurance carriers, simplifying the procurement and administration of employee benefits. In addition to its core benefits administration platform, PlanSource offers tools such as PlanSource HR, which allows benefits advisors to manage and communicate HR content, and PayAdvantage HR, an integrated system that combines benefits administration with payroll and content management. By unifying data and facilitating communication among brokers, employers, and employees, PlanSource aims to enhance employee engagement and improve the overall experience of managing benefits programs. As of January 2008, PlanSource Holdings, Inc. operates as a subsidiary of CoAdvantage, Inc.
Shareable Ink
Series C in 2013
Shareable Ink Corporation is a cloud computing company based in Nashville, Tennessee, that specializes in clinical documentation solutions for various healthcare settings, including hospitals, surgery centers, and nursing homes. Founded in 2009 and formerly known as Carescribe, Inc., the company offers a configurable and scalable iOS platform designed to automate clinical data collection at the point of care using Apple's iPad. Its key products include Shareable Documents, which transforms handwritten information from paper forms into structured data for electronic health records, and Shareable Integration, which integrates native iOS functionality with clients' platforms to enhance their mobile applications. As of May 2018, Shareable Ink operates as a subsidiary of Strategic Management Consulting, LLC.
OneHealth Solutions
Series B in 2013
OneHealth Solutions is a healthcare platform that provides a comprehensive service integrating both traditional and innovative medical services. It utilizes a cloud-based system that features a patent-pending Social Solutioning® platform, which combines physical and mental health management in a user-friendly mobile and web experience. The platform aims to foster sustainable behavior change among its users through dynamic content, real-time structured peer support, and engaging game mechanics. By leveraging social-networking technology and evidence-based clinical principles, OneHealth Solutions delivers measurable value to health plan members, employees, and patients, enhancing their overall health outcomes.
Shareable Ink
Series B in 2012
Shareable Ink Corporation is a cloud computing company based in Nashville, Tennessee, that specializes in clinical documentation solutions for various healthcare settings, including hospitals, surgery centers, and nursing homes. Founded in 2009 and formerly known as Carescribe, Inc., the company offers a configurable and scalable iOS platform designed to automate clinical data collection at the point of care using Apple's iPad. Its key products include Shareable Documents, which transforms handwritten information from paper forms into structured data for electronic health records, and Shareable Integration, which integrates native iOS functionality with clients' platforms to enhance their mobile applications. As of May 2018, Shareable Ink operates as a subsidiary of Strategic Management Consulting, LLC.
PlanSource
Venture Round in 2012
PlanSource is a web-based human resources and benefits administration company headquartered in Orlando, Florida. Founded in 2002, it provides a suite of technology solutions designed for small and medium-sized businesses to streamline benefits administration. Its flagship product automates various benefits transactions and connects with insurance carriers, simplifying the procurement and administration of employee benefits. In addition to its core benefits administration platform, PlanSource offers tools such as PlanSource HR, which allows benefits advisors to manage and communicate HR content, and PayAdvantage HR, an integrated system that combines benefits administration with payroll and content management. By unifying data and facilitating communication among brokers, employers, and employees, PlanSource aims to enhance employee engagement and improve the overall experience of managing benefits programs. As of January 2008, PlanSource Holdings, Inc. operates as a subsidiary of CoAdvantage, Inc.
ABILITY Network
Series C in 2011
ABILITY Network Inc. is a healthcare information technology company that focuses on simplifying the administrative and clinical complexities faced by healthcare providers and payers. Founded in 2000 and based in Minneapolis, Minnesota, the company offers a range of services including billing, Medicare claims processing, revenue cycle management, and patient payment solutions. It also provides eligibility verification services and workforce management tools such as scheduling and credentialing. By connecting thousands of hospitals, skilled nursing facilities, and healthcare providers through a secure web-based network, ABILITY Network facilitates millions of transactions daily, earning the trust of both healthcare providers and governmental entities like Medicare. The company serves a diverse clientele, including health systems, clinics, and home health agencies, positioning itself as a vital player in the healthcare technology landscape.
Liazon
Venture Round in 2010
Liazon is an online benefits marketplace that provides a private benefits exchange for businesses of all sizes. Founded in 2007 and based in Buffalo, New York, Liazon's primary offering, the Bright Choices Exchange, enables employers to manage healthcare costs through a defined contribution funding strategy, allowing them to set predictable budgets. The platform assists employees in selecting from a diverse range of benefits, including health, dental, vision, life, and disability insurance, tailored to their individual needs. Additionally, Liazon oversees benefits administration services, which encompass eligibility, enrollment, and carrier connectivity, ensuring a streamlined experience for both employers and employees.
OneHealth Solutions
Series A in 2010
OneHealth Solutions is a healthcare platform that provides a comprehensive service integrating both traditional and innovative medical services. It utilizes a cloud-based system that features a patent-pending Social Solutioning® platform, which combines physical and mental health management in a user-friendly mobile and web experience. The platform aims to foster sustainable behavior change among its users through dynamic content, real-time structured peer support, and engaging game mechanics. By leveraging social-networking technology and evidence-based clinical principles, OneHealth Solutions delivers measurable value to health plan members, employees, and patients, enhancing their overall health outcomes.
DNA Direct
Series B in 2008
DNA Direct, founded in 2005, specializes in providing genetic guidance programs aimed at enhancing healthcare decisions. The company addresses the increasing demand for genetic expertise by offering health plans access to genetic information programs that facilitate the utilization of genetic tests. With a commitment to delivering current and relevant information, DNA Direct supports both healthcare providers and patients in making informed choices that can lead to improved health outcomes.
DRX
Series A in 2008
DestinationRx, known as DRX, specializes in providing web-based healthcare comparison tools and data in the United States. The company offers a range of services, including databases and support for applications used by federal, state, and local governments, as well as benefit analysis and decision support technologies. DRX's products include PlanCompare, which assists with Medicare plan comparisons and enrollment; Drug Compare, a platform that helps users find lower-cost drug alternatives; and iPad Mobile Field Enrollment, a solution designed for in-field Medicare sales agents. The company caters to a diverse clientele, including health plans, pharmacy benefit managers, brokers, and pharmacies. Founded in 2000 and headquartered in Los Angeles, DRX operates as a subsidiary of Connecture, Inc.
ABILITY Network
Venture Round in 2007
ABILITY Network Inc. is a healthcare information technology company that focuses on simplifying the administrative and clinical complexities faced by healthcare providers and payers. Founded in 2000 and based in Minneapolis, Minnesota, the company offers a range of services including billing, Medicare claims processing, revenue cycle management, and patient payment solutions. It also provides eligibility verification services and workforce management tools such as scheduling and credentialing. By connecting thousands of hospitals, skilled nursing facilities, and healthcare providers through a secure web-based network, ABILITY Network facilitates millions of transactions daily, earning the trust of both healthcare providers and governmental entities like Medicare. The company serves a diverse clientele, including health systems, clinics, and home health agencies, positioning itself as a vital player in the healthcare technology landscape.
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