Venn Ventures is an early and growth-stage venture firm.

Venn Ventures

CareFirst is a not-for-profit, non-stock health services company.

CareFirst

Healthworx operates at the intersection of healthcare and innovation by creating, supporting, and investing in companies that are improving healthcare quality, accessibility and affordability. As the innovation and investment arm of CareFirst of Maryland, Inc., Healthworx envisions a healthier future for all people by changing the way health works.

Healthworx

Synergen Technology Labs engages in health and wellness aspects of IoT products and solutions.

Synergen Technology Labs

Ob Hospitalist Group (OBHG) began in 2006 with a vision to elevate the standard of women’s healthcare by delivering specialized services that improve quality and positively impact women’s healthcare by ensuring every expectant mother has the security of consistently and unconditionally seeing a physician when presenting to the Labor and Delivery department or Emergency Room. OBHG leads the industry in developing and managing in-house OB/GYN hospitalist programs staffed with highly-skilled, Board Certified physicians 24 hours a day, 365 days a year. Their team of dedicated professionals serves sacrificially to save lives, improve patient outcomes, relieve and support medical staff, and to promote evidence-based best practices and clinical excellence. In partnership with hospitals, nursing staff, physicians, and hospitalists They have developed a unique, comprehensive, financially viable OB/GYN hospitalist program that positively impacts the lives of women, their newborns, and the families we serve.

Ob Hospitalist Group

LifeBridge Health is a regional health care organization based in northwest Baltimore city and Baltimore County.

LifeBridge Health

BabyLiveAdvice

BabyLiveAdvice provides technology-driven services that support and guide mothers and families throughout the maternal journey, from preconception to early childhood, complementing hospital and providers capacity, thus closing care gaps. At its core BLA utilizes a SaaS-based telehealth platform that includes a unique custom-built EMR & telemonitoring dashboard with connectivity to multiple devices . We support health systems and providers by increasing touch points and monitoring patients escalating emergencies early, which reduce medical emergencies and provide significant risk reduction and cost savings while improving outcomes. By educating our clients we are the much-needed support and empowerment throughout the parenting journey

<div>California-based BabyLiveAdvice provides virtual prenatal, postpartum, and infant care via its online platform. The company provides one-on-one or group telehealth consultations, remote monitoring, chat functionality, home support, transition to care programs and mental health services. The company also provides free educational sessions for expecting parents, to educate them on childbirth and caring for infants. The company has served over 42,000 parents since its inception in 2019.&nbsp;</div>

More important now than ever, telehealth will long outlast the pandemic that drove its growth.

Telehealth

Virtual maternal telehealth provider BabyLiveAdvice raises $1.1M

<div>
 
 California-based BabyLiveAdvice provides virtual prenatal, postpartum, and infant care via its online platform. The company provides one-on-one or group telehealth consultations, remote monitoring, chat functionality, home support, transition to care programs and mental health services. The company also provides free educational sessions for expecting parents, to educate them on childbirth and caring for infants. The company has served over 42,000 parents since its inception in 2019.&nbsp;
 
 
 The company operates on both a B2B2C basis as well as a D2C basis. With regard to its B2B2C operations, BabyLiveAdvice works with healthcare providers, such as hospitals and independent providers, to provide its services through partnered providers in order to keep hospital and independent provider costs down.&nbsp;&nbsp;&nbsp;&nbsp;
 
 
 
 
 
 Key customers and partnerships
 
 
 The company has partnered with several healthcare providers and health systems including March of Dimes and The National Black Doulas Association.&nbsp;
 
 
 
 
 
 Funding and financials
 
 
 In September 2022, the company raised USD 1.1 million in a seed funding round co-led by Venn Ventures and Synergen Technology Labs along with participation from other investors. The funds were set aside to develop new maternal care resources for both patients and hospital partners. 
 
 
 
</div>

Nice healthcare is a virtual and in-home primary care provider that offers a suite of healthcare services to small and medium-sized businesses, including primary care, mental health therapy, and physical therapy. Nice healthcare operates on a fixed monthly fee per member model, allowing employees to access unlimited care without additional out-of-pocket costs. The company provides virtual consultations through its app, as well as in-home visits for physical exams, lab tests, and X-rays.&nbsp;As of <a href="https://www.nice.healthcare/locations">August 2024</a>, Nice Healthcare was operating in 12 states: Arizona, Colorado, Idaho, Iowa, Minnesota, Nebraska, Nevada, New Mexico, Oregon, Utah, Washington, and Wisconsin. The company's services covered <a href="https://www.nice.healthcare/the-nicessities/three-categories-of-primary-care#:~:text=Only%204%25%20of%20our%20patients,with%20Nice%20may%20look%20like.">over 95%</a> of issues patients typically discuss with their clinicians, with <a href="https://www.nice.healthcare/the-nicessities/three-categories-of-primary-care#:~:text=Only%204%25%20of%20our%20patients,with%20Nice%20may%20look%20like.">only 4%</a> of patients being referred to external specialists. The company employs nurse practitioners, registered nurses, physician assistants, and medical assistants to deliver care.As of <a href="https://www.nice.healthcare/the-nicessities/three-categories-of-primary-care">August 2024</a>, Nice healthcare offered 35 free labs and physical tests as well as in-home imaging services and prescribed over 550 free medications that could be picked up at over 60,000 pharmacies nationwide or delivered to patients' homes.&nbsp;Key customers and partnershipsIn <a href="https://www.prnewswire.com/news-releases/getlabs-and-nice-healthcare-partner-to-expand-access-to-virtual-healthcare-services-and-at-home-lab-testing-301813668.html">May 2023</a>, Nice Healthcare announced a partnership with Getlabs, a provider of at-home diagnostic collections. This collaboration aimed to expand access to in-home healthcare services and lab testing, allowing Nice healthcare patients to benefit from a more comprehensive suite of diagnostic tests.

Nice Healthcare

Amicomed is a cloud-based Software-as-a-Service (SaaS) platform which provides blood pressure monitoring services. It collects blood pressure data of patients from at-home devices, applies algorithms, and assesses the fluctuations in the blood pressure. Physicians can be connected and provided with blood pressure data of their patients in order to facilitate their workload, enabling more personalized management of patients regarding medication and lifestyle indications.Amicomed can also recommend actionable and personalized lifestyle interventions such as daily diet and exercises via virtual coaching.

Amicomed

Winston is a men’s health telemedicine platform that treats common issues impacting men such as sexual problems, hair loss, acne, and cold sores. Winston allows patients to consult doctors, place orders for prescription drugs, and offers free delivery to the homes of patients.The Toronto-based company aims to avoid men deferring doctor visits or withholding sensitive information. The consultation fee is covered by the provincial health plan, but the prescriptions are billed to the customer.

Winston

Dialogue is a leading virtual care and well-being platform that provides comprehensive health services to organizations and their employees. Founded in 2016, the company offers an integrated health platform that centralizes various health and wellness programs in a single application, accessible <a href="https://www.dialogue.co/en/blog/dialogues-2023-year-in-review#:~:text=Serving%2015%25%20of%20the%20Canadian%20population&amp;text=How%3F,aspects%20of%20their%20well%2Dbeing.">24/7/365</a>. Dialogue's services include primary care, mental health support, employee assistance programs, and wellness initiatives. As of <a href="https://www.dialogue.co/en/blog/dialogues-2023-year-in-review#:~:text=Serving%2015%25%20of%20the%20Canadian%20population&amp;text=How%3F,aspects%20of%20their%20well%2Dbeing.">December 2023</a>, Dialogue's platform was accessible to around 6 million Canadians, representing approximately 15% of the country's population.The company saw significant growth in <a href="https://www.dialogue.co/en/blog/dialogues-2023-year-in-review#:~:text=Serving%2015%25%20of%20the%20Canadian%20population&amp;text=How%3F,aspects%20of%20their%20well%2Dbeing.">December 2023</a>, with a 34% increase in consultations across all aspects of well-being in 2023 compared to the previous year. Mental health consultations, in particular, saw a 67% increase.&nbsp;In <a href="https://www.newswire.ca/news-releases/dialogue-enters-into-license-agreement-with-sun-life-u-s--824463104.html">July 2023</a>, Dialogue was acquired by Sun Life for an undisclosed sum, expanding its reach beyond Canada. This expanded service reach was estimated to cover an additional 600,000 members in the US. The acquisition was completed in <a href="https://www.sunlife.com/en/newsroom/news-releases/announcement/sun-life-completes-the-acquisition-of-dialogue-canadas-premier-health-and-wellness-virtual-care-platform/123792/">October 2023</a>, with Dialogue continuing to operate as a standalone entity.Key customers and partnershipsThe company has partnerships with major insurers and benefits providers to offer its services as part of employee benefits packages. Additionally, the company noted that, as of <a href="https://www.dialogue.co/en/pricing">August 2024</a>, it worked with over 50,000 companies across Canada to provide its services to employees.

Dialogue

Grin offers telemedicine and remote monitoring services for orthodontic needs such as braces and teeth straightening. Patients can conduct self-scans (using a Grin device made available to patients in collaboration with 3M) which can be connected to their smartphones and share the feed with orthodontists to access dental solutions. The company plans to go to a subscription-based model after the pandemic. The app also encourages patients to have a 40-second check monthly and share the scan with a dentist in order to allow patients to regularly maintain their dental hygiene.Grin is the only Telehealth disruptor covered on the hub that provides virtual orthopaedic consultations.Funding and financialsIn April 2021, the New York-based teledental platform concluded a seed funding of USD 14 million, and the funds will be allocated to develop additional functionalities by building out its technology. The proceeds will also be used to scale up its team, expand its geographic footprint, and add doctors to the company’s orthodontic partner network.

Grin

Real-time collection of patients’ health-related data using any remote patient monitoring device combined with general telemedicine services to reduce readmission rates.

A platform that facilitates the transmission of patient data to different locations for further evaluation and interpretation by medical specialists.

A digital platform that offers specialty care services to address the specific needs of a patient or demographic, including consultations where patients are generally reluctant to meet practitioners face-to-face.

Primary care through virtual consultations for general health-related concerns using a digital platform or mobile app.

Companies developing B2B software solutions for patient engagement, care navigation, practice management, and electronic health records integration to facilitate telehealth services for healthcare providers.

Companies that use GenAI as a core part of their product offering for Telehealth

IoT is used by most telehealth providers to operate virtual services

All telehealth players are involved in digital health via virtual offerings

Industry players offer varying degrees of personalization for each target audience

Some players offer technology and platforms to healthcare providers, converting physical-only services into virtual services

Specific telehealth offerings focus on diversity and inclusion, providing care to LGBTQ+ or BIPOC populations

Generative AI is used to streamline administrative tasks such as clinical note-taking

BabyLiveAdvice

About EDGE

Contact Us

Resources

Area of Focus

Technology Research Made Effortless