Press Release – Upfront Healthcare Raises $5.6M to Support Growth
Upfront Healthcare Raises $5.6M to Support Growth
FOR IMMEDIATE RELEASE:
May 17th, 2017 – Chicago, IL, Nashville, TN, and Durham, NC – Chicago-based Upfront Healthcare Services announces a $6 million Series A financing led by Nashville Capital Network with participation from Echo Health Ventures, Hyde Park Venture Partners, and Martin Ventures. The additional funding will support Upfront’s rapid growth and accelerate product development.
Using proprietary data science, Upfront’s Visit Value™ Technology and Services automatically evaluates every visit, quantifies the opportunity for improvement, and executes pre-visit actions to make the visit more valuable for the patient and the provider. Upfront Healthcare engages the practice and patient to ensure patient access is timely, labs and tests are complete, no shows are avoided and financial performance is better.
CEO and co-founder, Ben Albert, explains, “We are in an ambulatory epidemic as patients struggle to get appointments, clinician burnout is real, quality program payments are opaque, and volume is still the measure of success rather than value. Our Series A investors are aligned to help make ambulatory medicine work again, and we couldn’t be more excited to have their partnership in the effort.”
Upfront Healthcare is led by the innovative team behind Care Team Connect, a market leader in population health and care coordination which was acquired by the Advisory Board in 2013. Through their unique experience comes a next-level solution that makes visits valuable for all patients, not just those in carved out high- risk pools, while being sustainable for providers.
“NCN is excited to once again partner with the Upfront management team. Ambulatory medicine is struggling, and Upfront Healthcare’s approach will make the experience better for everyone,” said Sid Chambless, Managing Partner of NCN. “Based on our experience working with the Upfront team in their previous venture Care Team Connect, we know this group has the vision and operational experience to solve the problems facing Ambulatory medicine. ”
To learn more about this exciting company, please contact:
Upfront Healthcare Services
About Upfront Healthcare:
Upfront Healthcare creates a better ambulatory experience for all. Upfront optimizes medical appointments in advance to enhance financial performance, open patient access, improve physician engagement and drive higher quality scores.
About Nashville Capital Network:
NCN is a partnership of 130 professional investors, most of whom have been founders and executives of highly successful health care companies. NCN leverages the experience and expertise of the individuals within its partnership to identify, develop, and support promising, high-growth companies. NCN manages several investment funds including NCN Angel Fund I, NCN Angel Fund II, and Tennessee Angel Fund. For more information on NCN, please visit www.nashvillecapital.com.
About Echo Health Ventures
Echo Health Ventures LLC invests to build and grow tomorrow’s great health care companies. We invest across every stage and work with our portfolio companies to challenge and transform the health care system. As a strategic collaboration, Cambia Health Solutions and Mosaic Health Solutions, we work closely with our Parents to catalyze the development of our portfolio companies’ and accelerate their innovations to scale nationally. Echo Health Ventures operates nationwide with offices in Seattle, Durham, N.C., and Portland, Ore. Follow us on Twitter @healthecho.
About Hyde Park Venture Partners:
Hyde Park Venture Partners (HPVP) is an early stage venture capital firm dedicated to fueling high-growth technology startups across the Midwest and beyond. With offices in Chicago and Indianapolis and a network of advisors throughout the region, HPVP invests in proven startups who have incredible founding teams and fast growth. As one of the Midwest’s most active investors, HPVP’s sweetspot is investing in B2B software and consumer marketplace startups that are raising their first or second round of capital to accelerate growth.