Cambia’s strategic investing arm, Echo Health Ventures, drives systemic health care transformation through hands-on, purpose-driven strategic venture capital. This spring, Echo made several investments in both new and existing companies within their portfolio. These innovative solutions lower costs and improve consumer experience through a mix of technology and comprehensive care models.
Here’s a recap of their latest investments.
Investments in New Portfolio Companies
Heartbeat Health is a digital heart health company that delivers virtual-first cardiovascular disease prevention and management with a focus on improved clinical experience, health outcomes and reduced cost.
Read: Heartbeat Health Raises $20M Series B Funding to Expand Virtual Heart Care
Scipher Medicine is developing a precision medicine diagnostics platform for auto-immune diseases. Scipher’s tests, delivered at the point of care, work to ensure patients are prescribed the optimal therapy for their individual disease from day one, addressing the problem of trial-and-error medicine with high-cost specialty pharma medications.
Read: Scipher Medicine Announces $82 Million Financing
Vericred is enabling the digital transformation of the health insurance and employee benefits industry by simplifying the exchange of data between carriers and technology companies with their end-to-end quoting, enrollment and member management platform.
Read: Vericred Raises $23M in Oversubscribed Series B Funding Round
Investments in Existing Portfolio Companies
Cityblock Health will use the newly raised capital to accelerate deployment of its community and value-based care model nationwide, bringing desperately needed transformation to the most vulnerable and underserved communities across the country. In just four years since its launch, Cityblock has seen a 15% reduction in emergency room visits and a 20% reduction in inpatient hospital stays among its first member cohort.
Read: Cityblock Health Raises $192 Million in Series C Extension Funding to Expand Health Care Model to the Millions of Underserved People On Medicaid
DispatchHealth will use the funding to expand its platform for in-home medical care to a total of 100 markets and ensure its Advanced Care line of service is widely available in the United States. The company’s model of in-home care, which aligns the payer, provider and patient, has proven to be vital during the COVID-19 pandemic.
Read: DispatchHealth Raises $200 Million in Series D Financing to Build Largest System of In-Home Medical Care
Eleanor Health’s new investment round will increase access to comprehensive, whole-person and population-based care for people affected by addiction. Within the past two years since its launch, Eleanor Health has shown unprecedented results, including an 84% reduction in emergency department and inpatient stays, a 70% report improvement in depression and anxiety, and an 84% improvement in substance use.
Read: Eleanor Health Announces $20 Million Series B Financing to Address the Growing Need for Value-Based Addiction and Mental Health Treatment
Strive Health’s investment round will scale comprehensive, tech-enabled kidney care to reign in treatment costs and improve patient health outcomes. Strive’s model combines advanced technology with high-touch patient care to slow kidney disease progression, prevent unnecessary and costly hospitalizations, and expand access to optimal renal replacement therapies such as home dialysis and transplants.
Read: Strive Health Raises $140 Million Led by Alphabet’s CapitalG to Tackle $410 Billion of Unmanaged Kidney Disease Spend
For more news about Echo Health Ventures, check out the following:
