![]() “We think that there's absolutely an ocean to grow in. “We truly want to build a public-scale company, and to do so we're definitely going to need to increase the surface area of the product to be able to better serve health systems and payers,” he adds. That creates a cross-sell opportunity, Lo says. Optum Ventures How I navigated my pregnancy as a Series A founder Vira Health gets 12M to dial up personalized menopause support Secureframe secures 56M. The San Francisco-based cloud giant already provides customer relationship management and database tools to large healthcare companies, but it doesn’t offer niche workflow automation services like credentialing. Having the backing of Salesforce Ventures as a strategic investor is also key to Medallion’s future aspirations. Current employee headcount is around 150, which could grow to 200 by the end of the year. At Optum Ventures, we look for exceptional teams with data-driven technologies and services that are poised to deeply disrupt the status quo. The company is also growing its sales team and building out specific workflows for what’s known as hospital privileging, a credentialing process specific to health systems. Optum Ventures 10,839 followers on LinkedIn. Medallion has already made some inroads signing on new customers including Longevity Health Plan of Florida, a special Medicare Advantage plan for people living in skilled nursing facilities. Signing up new digital health customers can take a month or two, says Lo, but the average time to get to contract with a health insurer or hospital is usually six months at the fastest and can take up to 2 years. “Because Medallion was able to power our growth from 8 to 50 states in less than 6 months, we were able to get back to focusing on treating young people and their families with evidence-based care.” And access is great, but what really matters is access to care that works,” Erin Parks, cofounder and chief clinical officer of Equip said in a statement. The fund launched in 2017 and has a focus on digital health, a spokesman confirmed to Insider. “Everyone in healthcare talks about access. Optum Ventures is a 600 million venture fund associated with UnitedHealth Group. SWFI is a minority-owned organization.That’s why Equip, a San Diego-based startup that provides virtual specialized treatment for eating disorders, signed on as a customer rather than hiring and training an in-house team to handle these administrative functions. SWFI facilitates sovereign fund, pension, endowment, superannuation fund and central bank events around the world. Sovereign Wealth Fund Institute (SWFI) is a global organization designed to study sovereign wealth funds, pensions, endowments, superannuation funds, family offices, central banks and other long-term institutional investors in the areas of investing, asset allocation, risk, governance, economics, policy, trade and other relevant issues. Optum Ventures Venture Capital and Private Equity Principals Boston, Massachusetts 10,839 followers Follow View all 46 employees About us At Optum Ventures, we look for exceptional teams with. ![]() Registration on or use of this site constitutes acceptance of our terms of use agreement which includes our privacy policy. All material subject to strictly enforced copyright laws. Vira Health secures 12 million in funding to improve older women’s health through digital capabilities. No affiliation or endorsement, express or implied, is provided by their use. ![]() Other third-party content, logos and trademarks are owned by their perspective entities and used for informational purposes only. Sovereign Wealth Fund Institute® and SWFI® are registered trademarks of the Sovereign Wealth Fund Institute. © 2008-2023 Sovereign Wealth Fund Institute.
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