Echo Health Ventures, Cambia’s strategic investing arm, drives systemic health care transformation through hands-on, purpose-driven strategic venture capital. This spring, Echo made several investments in both new and existing companies within their portfolio which are not only low costs and but also are able to improve the consumer experience through a mix of technology and comprehensive care models.
Here is a list of some of the well-known investments:
- Scipher Medicine :This is developing a precision medicine diagnostics platform for auto-immune diseases. Scipher’s tests, delivered at the point of care, work to ensure patients are prescribed the optimal therapy for their individual disease from day one, addressing the problem of trial-and-error medicine with high-cost specialty pharma medications.
- Vericred :This company is enabling the digital transformation of the health insurance and employee benefits industry by simplifying the exchange of data between carriers and technology companies with their end-to-end quoting, enrollment, and member management platform.
- Cityblock Health :This firm will use the newly raised capital to accelerate the deployment of its community and value-based care model nationwide, bringing desperately needed transformation to the most vulnerable and underserved communities across the country. In just four years since its launch, Cityblock has seen a 15% reduction in emergency room visits and a 20% reduction in inpatient hospital stays among its first member cohort.
- Eleanor Health: This company’s new investment round will increase access to comprehensive, whole-person and population-based care for people affected by addiction. Within the past two years since its launch, Eleanor Health has shown unprecedented results, including an 84% reduction in the emergency department and inpatient stays, a 70% report improvement in depression and anxiety, and an 84% improvement in substance use.
- Strive Health: This firm’s investment round will scale comprehensive, tech-enabled kidney care to reign in treatment costs and improve patient health outcomes. Strive’s model combines advanced technology with high-touch patient care to slow kidney disease progression, prevent unnecessary and costly hospitalizations, and expand access to optimal renal replacement therapies such as home dialysis and transplants.
