GoCheckKids, the creators of an FDA-registered and CE certified iPhone app that screens for amblyopia in pre-verbal children used by over 4,500 pediatricians announced it has raised $6M in Series B funding led by FCA Venture Partners. The investment will be used to add artificial intelligence capabilities with Apple’s CoreML and ARKit and accelerate further electronic health record (EHR) integrations.

Amblyopia: The Leading Cause of Vision Loss in U.S. Children

According to the CDC, Amblyopia is the leading cause of monocular visual impairment for children in the US, a leading cause of childhood vision impairment worldwide, and affects about 1%–4% of preschool-aged children in the US.6 Left untreated, amblyopia can result in permanent vision loss, but can be effectively treated if detected early. Studies have shown that photoscreening in children under the age of 3 years can be a reliable method to detect amblyogenic risk factors. Various medical organizations recommend vision screening, but actual screening rates remain low as a result of perceived and real barriers, including parental perceptions that the procedure is too time-consuming or that children are uncooperative. …


iDentalSoft, a leading cloud-based dental practice management platform, today announced it has received a new round of funding led by FCA Venture Partners. Based in Nashville, FCA Venture Partners invests in fast-growing healthcare companies that streamline industry processes and improve the experience and quality of care for patients.

The overwhelming majority of dental practices rely on server-side software architectures that are expensive to maintain, cumbersome to use, and slow to update. iDentalSoft enables dentists to easily transition from legacy on-premise servers to modern cloud-based software and reduce the burden and costs of IT.

iDentalSoft is the most comprehensive, easy-to-use and secure dental practice management platform on the market today, with a wide array of features to streamline front office workflow, improve clinical efficiency, and boost production. Office staff can access and manage practice information anytime, anywhere and on any device, including patient schedules and communication, treatment plans, x-rays, lab cases, billing and credit card payments, and more. …


CHICAGO — December 6, 2017 HealthiPASS, a patient check-in and payment technology provider that helps patients and providers combat the new healthcare reality of higher patient out of pocket expenses, announced it has raised a $7.2 million Series A funding round, led by FCA Venture Partners, with participation from venture firms from the Bay Area to Boston including: OCA Ventures, Healthy Ventures, HealthX Ventures, Waterline Ventures and a small group of strategic investors. The funds will be used to further innovate and expand the patient payments platform and sell into ambulatory healthcare settings across the country.

As high deductible health plans become more and more prevalent and patient out of pocket burden continues to increase, HealthiPASS simplifies the patient payments experience and brings pricing transparency to patients while educating them about their healthcare benefits. At the same time, HealthiPASS helps practices collect patient out of pocket expenses, thereby helping healthcare providers improve their revenue cycle posture and deliver an enhanced user experience for patients. …


AT FIRST glance, it seems that America’s economy is losing its mojo. Many economists, most notably Robert Gordon of Northwestern University, have lamented that productivity growth seems to be anaemic when compared with earlier golden eras (see Free exchange). A gloomy chorus of business leaders has echoed what media outlets have by now turned into a mantra, that American entrepreneurship is in steady decline. Surely America’s overall competitiveness, then, is plummeting?

The answer from one influential think-tank, the World Economic Forum (WEF), is no. In its latest update to its long-running annual ranking of global economic competitiveness, published on September 27th, America rose from third place to second, ranking below only Switzerland. …


I consider myself fortunate have a unique viewpoint on the Nashville Startup Ecosystem, therefore, I often get asked the question above. Here is a summary of my advice. The following is a three stage approach that includes some specific tactics to help you land a job at a startup in Nashville.

Before Starting — What EXACTLY do you want to do?

Myth — Startups hire general strategy startup guys or girls that can do a bit of everything.

Fact — Startups hire people to fill the specific role that they need at that time. So specialize in something, be awesome at it, and convince them to hire you for that function. Once you are on the inside, you can prove that you are a valuable team player and begin to add value in other areas of the business. …


Background

I have now had the privilege of working at a Venture Capital firm for more 7 years. A lot of people ask me for “words of advice”, or “what my biggest takeaway has been”, or “something that I have observed that I didn’t learn in Business School”. For me, that is simple, having a short sales cycle is extremely important!

Why is a short sales cycle important?

  • It allows the company to scale — aka — the point of a Venture Capital investment.
  • It builds team moral — closing deals makes people happy and validates what they are doing each day. …

Procured Health, the foremost provider of actionable information to cut device costs and improve care along the patient pathway, today announced the launch of its web-based Pharmacy solutions. These solutions link a health system’s drug spend and utilization data to clinical evidence, providing healthcare leaders with strategic opportunities to eliminate unnecessary spending and care variation. Procured Health has developed these offerings over the last 12 months in pilot programs spanning over 50 hospitals.

“Recent advances in pharmaceuticals have come at record-breaking costs to health systems,” said Bonnie Lai, PhD, Procured Health vice president of Pharmacy solutions. “While some of these new drugs have undoubtedly helped patients, incremental improvements often come with great financial toxicity. Until now, health systems have lacked efficient systems to evaluate their drug spend and utilization through a lens of clinical evidence to ensure they are making choices that offer the greatest patient benefit at the lowest cost.” …


We are pleased to report that ProviderTrust, ChartWise Medical Systems, and Entrada Health (acquired by NextGen) were all featured on the Inc. 5000 list of fastest growing companies.

Additionally, Procured Health would have been featured if they were eligible as they are growing extremely fast.

Here is a list of 50 Digital Health companies that made the list this year:

https://www.modmed.com/48-digital-health-companies-share-2016-revenues-to-land-on-the-inc-5000-list/


Vericred, a healthcare data services company, announced that it has extended its health insurance data platform to the Medicare Advantage market. With this launch, Vericred is now delivering plan design and rate data, provider-network data and formulary data to technology companies seeking to bring transparency, decision support and plan selection efficiency to the senior market.

More than 17.6 million Medicare beneficiaries are enrolled in a Medicare Advantage plan. Medicare Advantage plans are offered by private companies, but approved by Medicare. These plans, including HMOs and PPOs, are legally required to offer comparable benefits and services to Medicare. However, many Medicare Advantage plans incorporate additional coverage including prescription drug coverage. …


If you drive into downtown Nashville from any direction these days, the first thing that catches your eye is the forest of tower cranes — 25 of them by Mayor Megan Barry’s last count, worth more than $4 billion in active building permits. Some of them rise more than 300’ into the air.

“Nashville is a place where people say ‘Here’s what can I do for you’, instead of asking what you can do for me, and it shows,” Mayor Barry tells me. “We are the friendliest, warmest, and most welcoming city in America. We’re diverse. We’re progressive. But we’re also pro-business. …

About

Andrew Bouldin

Principal at FCA Venture Partners, a Nashville based venture capital firm focused on $3–6M investments in fast growing healthcare companies.

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