Redesign Health

In our latest session of our CEO Conversations series, Justin R. Brueck, System VP–Innovation and Research, Endeavor Health and Ed Sclater, CEO of Motiv demystified the health system sales and partnerships journey. They explored how health systems evaluate and implement new solutions through the lens of Motiv’s pilot partnership with Endeavor Health. Our key takeaways: ⚪ Ensure new solutions integrate seamlessly into existing care models, focusing on addressing real patient needs and reducing information asymmetries. ⚪ Secure champions early who can navigate internal politics and align project goals across clinical and administrative domains, including influential figures without formal authority. ⚪ Maintain transparency and form rapid response teams for operational challenges. A special thank you to Justin and Ed for sharing your learnings and experiences, making this session a vital guide for startups aiming to break into health systems.

We are thrilled to introduce our newest Venture Chair, Linda Nash! As a serial entrepreneur, Linda brings a wealth of experience in leading mission-focused businesses. Most recently, she founded and led WellcomeMD, a pioneering membership medical practice. In our latest blog, Linda shared, “I’m looking forward to imparting the lessons I’ve learned in concierge medicine, teaching leaders how to implement it successfully, and showing them how to avoid some of the early pitfalls I encountered." Learn more: https://lnkd.in/eBP2gByH

To kick off the summer in NYC, we are hosting a happy hour with Redesign Health Operating Companies and investors on Thursday, June 6, from 5-7pm at our Union Square office. If you're an investor interested in joining us for an evening of connections and conversations, please RSVP as soon as possible. Representatives from Ample, Baton Health, Huddle Modern Pediatrics, and Troupe Health will be attending, along with the Redesign Health team. Refreshments will be provided.

Uptiv Health Health, a company built at Redesign Health, has recently been honored with a 2024 Global Health & Pharma GHP Mental Health Award! Congratulations to CEO Torben Stubkjaer Nielsen and the entire Uptiv team. Your dedication to providing whole-person care is inspiring and we are thrilled to see it recognized. https://lnkd.in/e7szGB-7

Last week, we held our annual Redesign Health Investor Day, where team members and investors came together to hear from Redesign Health leaders and select operating company founders about their innovative solutions to some of the most pressing issues in healthcare today. Thank you Patrick Mobley, CEO of Vivid Health, Mike Desjadon, CEO of Anomaly, Erin Hendrick, CEO of Scriptology, Torben Stubkjaer Nielsen, CEO of Uptiv Health, Rajesh Voddiraju, CEO of Stitch Employment Services Inc and Jim Gera, CEO of Harmonic Health on your dynamic and impactful presentations.

Many independent medical practices face severe cash flow problems — the leading cause of business failure. We are excited to introduce Thrivory, built at Redesign Health, Thrivory provides practices with convenient, risk-free access to capital. As an end-to-end financial partner, Thrivory removes the traditional barriers to lending. Thrivory gives practices the tools they need to thrive — with an efficient underwriting process, AI-powered analytics platform, deep revenue expertise and native Plaid integration. In fact, one practice has already used Thrivory to boost its cash flow by 91%. Learn more about this innovative solution in our recent blog post: https://lnkd.in/eWf8P2Q5

Are you attending the Modern Healthcare Digital Health Summit today? Join Brenda Schmidt and other industry experts for a note-worthy panel: "Putting the Patient First: How Digital Innovation Can Impact Outcomes."

In the latest session of our CEO Conversations series, Redesign Health Strategy & Finance leaders, alongside a panel of experienced CEOs, engaged in a dynamic Fireside Chat to explore strategies for startups approaching Series A funding. The session focused on achieving traction, managing KPIs, and understanding the milestones investors care most about across various business models. Our key takeaways: ⚫ Commercial Traction is Key: Demonstrating solid customer contracts and robust revenue generation is essential for Series A success. ⚫ Strategic KPI Focus: The importance of meticulously tracking KPIs such as run rate revenue, customer acquisition cost (CAC), and lifetime value (LTV) cannot be overstated. These indicators are crucial for illustrating market fit and scalability. ⚫ Tailoring Fundraising Strategies: Different business models—from tech-enabled services to SaaS and capital-intensive operations—require bespoke fundraising approaches. A special thank you to Ed Sclater, CEO of Motiv, Jasen Gundersen MD, MBA, CEO of CardioOne, Kathleen B. Kaluhiokalani, CEO of Pip Care, and Kyle Talcott, CEO of UpLift who shared their insights and experiences, providing invaluable guidance to help navigate the challenges of Series A fundraising.

In case you missed it, Baton Health, a company built at Redesign Health, recently announced the launch of the first Universal Primary Source for healthcare credentialing. Healthcare credentialing has long been a cumbersome, outdated process that significantly hinders the swift delivery of quality healthcare. Baton’s innovative solution is fundamentally changing how credentialing is done. It provides instant, accurate access to comprehensive data from hundreds of primary source databases, eliminating manual data entry errors, reducing overhead costs, and cutting verification time by 99.9%. https://lnkd.in/emrM5B52

We are excited to share that our Head of Strategic Growth & Innovation, Brenda Schmidt, is speaking at the Modern Healthcare Digital Health Summit next week. She will join Connie Chen, MD from Lyra Health, Adriana Krasniansky from Rock Health, Bill Snyder from Vivante Health, and Diane Eastabrook from Modern Healthcare for a panel discussion on the impacts of digital health innovations on patient outcomes and the importance of putting the patient first. If you are attending the summit, don't miss this critical conversation. https://lnkd.in/d4GJkiyW