Envera Health raises $14 mln

Envera Health said it raised $14 million in a round led by Harbert Venture Partners and Noro-Moseley Partners.

PRESS RELEASE

ENVERA HEALTH RAISES $14 MILLION, LAUNCHES ENGAGEMENT OPTIMIZATION PLATFORM

Experienced leadership team focused on opportunity to enable health systems to deliver better care through better engagement of clinicians, patients

Richmond, Va. – (May 3, 2016) – Health systems grappling with the challenges of a rapidly changing landscape can turn to a new partner: Envera Health. Founded by CEO Dan Neuwirth, a long-time healthcare technology entrepreneur and executive, and backed by $14 million raised from investors, Envera Health has a portfolio of capabilities and services that optimize engagement for healthcare providers and patients, empowering providers to deliver better care.

With experienced executives from healthcare technology, hospital and medical group management organizations, Envera Health understands the complexity and rapid change that healthcare provider organizations face.

“Envera Health has an incredible opportunity to transform the broken healthcare ecosystem by making better engagement in health possible,” says Neuwirth, CEO of Envera Health. “We empower healthcare providers through a platform designed to optimize both clinical and financial performance, while improving the care delivery experience for both patients and care givers.”

Harbert Venture Partners (HVP) and Noro-Moseley Partners (NMP) are the lead equity sponsors in Envera Health’s latest round of financing, joining New Richmond Ventures as investors. “We look for companies with experienced leadership and established positions in high-growth markets, and Envera Health strongly meets both of those criteria,” said Brian Carney, partner at HVP. “We are excited to work with Envera’s management team in executing on this great opportunity.”

“We partner with the most promising high-growth companies and entrepreneurs that have deep expertise and a unique value proposition in our areas of focus,” said Spence McClelland of NMP. “What’s unique about Envera Health is its impressive menu of solutions and innovative capabilities that can change the way healthcare is delivered, driven by an experienced management team with a strong track record.”

Envera Health’s expertise is augmented by its acquisition of inHEALTH and MedVirginia, from Central Virginia Health Network, owned by leading health systems including Bon Secours Health System, Inc., University of Virginia Health System, VCU Health, and others. Envera enhanced its comprehensive care management, health information exchange capabilities and call center management through this acquisition.

As an Engagement Optimization organization, Envera Health is focused on the experience of healthcare. By combining expertise, managed services, technology and infrastructure, Envera’s comprehensive platform enables healthcare provider partners to deliver their best patient care through successfully balancing both clinical and financial performance.

Envera combines call center and care management capabilities, as well as a remote patient monitoring, health information exchange, a proprietary clinical decision support tool developed by the Cleveland Clinic, and much more to put the needs of patients and clinicians at the forefront. These integrated and comprehensive capabilities drive excellence in three key areas:

Connecting services: Envera Health enables informed communications, gathers data and shares information across disparate settings, and drives actionable insights.
Choreographing care: Envera Health organizes workflow and communications of a health system’s providers across the care continuum, and coordinates services to create and carry out personalized care pathways.
Customizing growth solutions: Envera Health optimizes current fee-for-service arrangements while building a health system’s capabilities to succeed in alternative payment models by capturing revenue appropriately and building long-term affinity with healthcare consumers.

Envera Health’s Engagement Optimization Platform meets providers where they are, with tailored solutions to support them on their journey from volume to value. Envera Health offers:
Data Services
Growth Solutions
Commercial Payer Value-Based Care Solutions
CMS Value-Based Care Solutions
Employer Programs

About Envera Health

Envera Health is a hands-on partner for optimizing provider and consumer engagement, empowering health systems to deliver their best patient care. Envera Health’s comprehensive platform combines expertise, managed services, technology, and infrastructure that enables our healthcare provider partners to achieve their clinical, financial, and growth objectives. Envera provides clinical delivery and physician support services that range from advanced data and analytics, clinical decision support, remote patient monitoring, and innovative growth strategies that include preventative and disease- specific programs, scheduling and patient outreach services and network development solutions, across all payment models – from traditional fee-for-service to newer payment models based on delivering value and taking on financial risk. Learn more at enverahealth.com. 
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