Solidus Company is an early-stage venture capital firm that invests in growth-stage companies.

Solidus Company

Pierre Omidyar, the founder of eBay, and his wife, Pam, established Omidyar Network based on the belief that every person has the potential to make a difference. Since 2004, they have worked with their partners to create opportunities for people to tap that potential, enabling them to improve their lives and make powerful contributions to their communities.  They support, scale, and champion the work of their partners in order to maximize social impact. As a philanthropic investment firm, they make both investments and grants, identifying like-minded organizations that they support, help scale, and collaborate with to help realize their full potential. Their efforts are organized around two investment initiatives Access to Capital, and Media, Markets and Transparency.

Omidyar Network

[Mitsui & Co. Global Investment](http://www.mitsui-global.com/en/) is a venture capital fund that focuses on early stage companies.  Mitsui's expertise lies in helping companies build their business globally.  Mitsui & Co. Global Investment Co. is an investment company as a division of the financial business, to invest in companies that significant growth is expected. The headquarters in Tokyo, and we are investing activities from a global perspective, as opposed to complete in each country and a network of offices in Silicon Valley, Beijing, Mumbai, while also focusing on Japan and the United States China and India.

Mitsui Global Investment

[Sandbox Industries](http://www.sandboxindustries.com), founded in 2003, is a Chicago-based venture capital firm with three main business lines: venture funds formed alongside strategic corporate partners, new business accelerator programs, and an innovation consulting business.  Sandbox is the exclusive partner for [Blue Cross and Blue Shield Venture Partners I and II](http://www.bcbsvp.com), which connects entrepreneurs innovating in the healthcare space with 25 Blue plans across the country for strategic investment and partnerships.   The [Cultivian Sandbox Food & Agriculture Fund II](http://www.cultiviansbx.com) is a leading fund in the US which invests in new technologies in the food and agriculture space.  [Healthbox](http://www.healthbox.com), founded in partnership with BCBSVP, is a healthcare accelerator with a presence in several US cities as well as in London. Sandbox is also partnered with TechStars Chicago (formerly Excelerate Labs).   The firm's innovation consulting business, Sandbox Innovation Partners, connects established corporations with emerging companies and helps them work together through pilots, partnerships, investments, or acquisitions.

Sandbox Industries

The Blue Venture Fund is a strategic investment vehicle that aims to foster innovation within the healthcare system. The Blue Venture Fund invests in emerging healthcare companies that have the potential to improve the quality of care, enhance patient experience, and reduce costs. It seeks to support companies that align with the needs and priorities of Blue Cross Blue Shield (BCBS) member companies and their policyholders.

The Blue Venture Fund

HLM Venture Partners is a proven, successful venture capital health care investor. Over 60 privately held health care companies have benefited from their expertise, resources and commitment. Emerging health care companies can be confident that HLM Venture Partners' longevity, integrity and reputation will be invaluable assets as they work together to transform their innovative ideas into market-leading businesses.

HLM Venture Partners

Global Investment Partners is a financial services and business consultancy firm.

Global Investment Partners

NMP is a venture capital firm that has invested in more than 200 promising start-ups and early-growth-stage companies in the technology, healthcare and business services industries. The firm is based in Atlanta, Georgia, and invests primarily in companies located throughout the United States.

Noro-Moseley Partners

The West Health Investment Fund was established with a unique mission – to lower health care costs – by providing risk capital for companies with cutting-edge health care technologies and services.  The West Health Investment Fund was launched by entrepreneurs and philanthropists, Gary and Mary West. The Wests have committed $100 million to the Fund, and they are the sole funders.

West Health Investment Fund

Change Healthcare

Incorporating technology to improve efficiency and success rate of clinical trials

Clinical Trial Technology

BEKHealth is a technology company that operates an artificial intelligence (AI)-powered patient-matching software platform serving the clinical trial industry. The company's platform leverages AI to rapidly sift through structured and unstructured electronic medical record (EMR) data, enabling life sciences and healthcare organizations to speed up site selection and patient recruitment processes. BEKHealth's platform accesses patient charts, including saved files, reports, and notes, and transforms the unstructured data using deep learning neural networks based on BERT to identify medical entities and associated attributes. The transformed text is mapped to a searchable ontology comprising over 24 million search terms, synonyms, and lexemes. Combined with structured medical data, the platform generates a synthesized, longitudinal patient graph. BEKHealth employs a human-in-the-loop feedback mechanism to ensure a high level of accuracy, achieving a 93% accuracy rate in interpreting EMR records as of April 2024. By sifting through structured data and translating handwritten notes and charts, BEKHealth's platform can identify clinically qualified patients for even the most rigorous inclusion and exclusion criteria, enabling faster and more accurate patient recruitment for clinical trials.Key customers and partnershipsIn<a href="https://www.prweb.com/releases/Alcanza_Selects_BEKHealth_to_Accelerate_Diverse_Representation_in_Clinical_Research/prweb19454955.htm">&nbsp;July 2023</a>, BEKHealth partnered with Alcanza Clinical Research, a mission-focused investigator site network, to leverage its AI-powered platform for participant identification and matching services. This collaboration aims to expand diverse representation and engage more patients with clinical research opportunities.In<a href="https://www.science37.com/science-37-and-bekhealth-collaborate-expand-patient-access-community-providers">&nbsp;November 2022</a>, BEKHealth collaborated with Science 37, a virtual clinical trial site, enabling Science 37 to access EMR data across its network of over 35,000 community providers covering more than 35 million patient lives. This partnership aims to expand patient access to clinical trials, accelerate enrollment, and potentially reduce time to market for investigational treatments.In<a href="https://www.businesswire.com/news/home/20220217005838/en/CCT-Research-Announces-New-Partnership-with-BEKHealth">&nbsp;February 2022</a>, the company announced a partnership with CCT Research, a network of clinical research sites, to streamline access to EMR data across CCT's sites and drive a data-driven approach to trial execution and management. In July 2022, BEKHealth partnered with Western States Cancer Research NCORP to extend access and availability of oncology clinical trials to physicians and patients in Colorado, Washington state, and Alaska.

BEKhealth harnesses its AI-powered chart abstraction and patient-matching platform to help organizations conducting clinical trials and observational studies better understand their patient populations, optimize feasibility, speed up site selection, and rapidly identify clinically qualified participants by extracting structured and unstructured data from electronic medical records (EMRs) that captures three times more trial criteria. With BEKhealth by your side, dramatically speed up feasibility and detect more protocol-eligible candidates leading to 10x more qualified patients and 2x faster enrollment.

Change Healthcare is an independent healthcare technology providing data and analytics-driven solutions to improve clinical and patient engagement outcomes in the U.S. healthcare system. Through the power of its platform, the company provides data and analytics-driven solutions to improve clinical, financial, administrative, and patient engagement outcomes in the healthcare system.

Nebraska sues Change Healthcare over security failings that led to medical data breach of over 100 million Americans

Enabling the health systems to seamlessly connect, exchange, and interpret shared data

Hospital Interoperability

Includes tools that allow healthcare providers to aggregate clinical data (both structured and unstructured) from a variety of sources and share this information with other providers, patients, or insurance providers.

Platforms that provide interoperability APIs and developer toolkits that allow siloed healthcare applications or systems to communicate with each other. Targeted at both healthcare providers and digital health apps.

Software platforms that integrate patient information (including social determinants of health) from multiple sources to digital tools. These tools support patient management and offer actionable insights on a patient's health by leveraging data analytics.

Simplifying healthcare administration with intuitive tech tools

Hospital Management

Platforms used by hospitals to manage the various aspects of patient care to improve overall efficiency, such as automating routine tasks, improving communication and coordination among healthcare providers, and enhancing patient outcomes within the hospital setting

Platforms that enable patients to actively participate in their healthcare journey by educating and engaging them, along with improving communication with healthcare providers

Platforms that help healthcare organizations analyze patient data and other performance metrics to improve decision-making and optimize resource allocation

Platforms that are designed to help hospitals and health systems manage their financial operations from patient billing and insurance claims to revenue tracking and analysis

AI-powered software solutions that are designed to help healthcare organizations streamline and automate the process of documenting patient encounters

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

Redefining hospital care with the comfort of home

Hospital-at-Home

Digital platforms that connect patients with in-person medical care providers in the comfort of their homes and support care delivery

Platforms enabling healthcare providers to order in-home therapies, durable medical equipment, and provide virtual acute care services

Companies offering a full-stack of in-home medical services including health evaluations, virtual and in-person visits for a variety of needs, and care coordination by leveraging data analytics

Platforms providing accessible lab testing solutions for a range of conditions, allowing patients to conveniently perform tests in their own homes

Digital pharmacies that deliver prescription medications directly to patients' homes and platforms that help track and manage medication adherence

Solutions enabling hospitals to establish hospital-at-home programs and providing workflow management tools for home care providers

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

Telehealth

ANALYST_QUICK_TAKE

INCUMBENTS_PRESENT

<div>
 
 UnitedHealth has unveiled plans to shut down its Optum Virtual Care Business, a piece of news that has been widely speculated in the media. The termination was communicated to staff on April 18, with a few contracts continuing until July. The company has yet to make the plan public. 
 Additionally, an executive reshuffling at Optum Home &amp; Community and the Care Transitions sector will see Harrison Frist depart from his current role this summer, remaining momentarily in an advisory capacity. Heather Jarrett, who currently occupies the role of senior vice president of government clinical programs at UnitedHealth Group, is set to replace him.
 The company's home-based health care division, run under the Landmark Health banner, has also reduced its management ranks across the 37 states where it has operations. Even though precise data is not yet available, over 370 personnel, including health service directors, senior operations managers, ambassadors, and care coordinators, have reportedly lost their jobs at Landmark Health.
 
</div> Analyst QuickTake: 
 Recently, UnitedHealth Group has had several issues that have likely significantly contributed to the downsizing initiative. In an earnings call this week, the Group announced a loss of USD 1.4 billion for <a href="https: 
//www.unitedhealthgroup.com/content/dam/UHG/PDF/investors/2024/UNH-Q1-2024-Release.pdf"> Q1 2024 </a> , primarily driven by foreign exchange charges (amounting to <a href="https: 
//www.bloomberg.com/news/articles/2023-12-29/unitedhealth-to-take-7-billion-charge-for-sale-of-brazil-unit"> USD 7 billion </a> ) associated with the sale of the company’s Brazilian operations and the impact of the company’s cyber-attack. While the cyber-attack only targeted UnitedHealth’s Change Healthcare, which provides revenue and payment cycle management solutions, the entire group and providers felt the effects.

Change Healthcare

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