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Digital Health Investments

 

Digital Health Highlights

Doximity CEO – Why More Doctors Join Doximity than the AMA

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What’s “Feedback Friday” at Practice Fusion?

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HealthLoop CEO – Patient-Doctor Engagement Poised for Change

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Viewics-LOGO-Condensed[2]

How Viewics’ Business-Intelligence Platform Controls Costs at Hospitals

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Our Digital Health Investing Approach

The digital health (or health IT) vertical at our firm was spearheaded by Canvas Partner Rebecca Lynn in 2009. At the time, healthcare costs in the US accounted for 16% of GDP, yet less than a handful of VCs were focused on startups that provided software and services to counter the massive inefficiencies and sub-par quality care in the system.

This thesis-investing approach led our investing partners to Practice Fusion, Doximity, HealthLoop and Viewics—because, in our estimation, they were the best positioned to transform and lead their categories. Those categories include: electronic health records (Practice Fusion); professional networks for doctors (Doximity); patient engagement (HealthLoop); and business intelligence for hospital systems (Viewics).

We continually map and refresh each of our thesis areas so that we have a strong point-of-view and network to make informed investment decisions. And in turn, be the best partner and board member possible for our portfolio companies.

After Rebecca led Morgenthaler Ventures’ investment in Practice Fusion in 2009, she started a conference series called “DC to VC” to turbo charge interest in the digital health space, securing a succession of influential DC policy-makers as keynotes to collaborate with startup founders and VCs. Over the years, speakers have included: former US CTOs from the White House, Aneesh Chopra and Todd Park, and former National Coordinator for Health Information Technology at the U.S. Department of Health and Human Services, Farzad Mostashari.

Startups that have participated in our DC to VC pitch competitions include HealthLoop, Viewics, Kinsa, Jiff; and Doximity as a judge.

A lot has changed since 2009: Today healthcare costs make up roughly 20% of GDP in the US. The digital health sector has attracted greater VC interest. But, the need for innovation in healthcare remains enormous.

We continue to focus on digital health and enjoy the type of work typical of Series A and B investments: help recruit, sharpen go-to-market plans, increase brand awareness, and form strategic partnerships.

Our digital health experience extends beyond Rebecca to include Gary Little, who served as a board observer at Practice Fusion, and Paul Hsiao, who worked in product development at Medtronic, one of the world’s largest healthcare product companies.

Digital Health News

Thrive Global Raises $30 Million in Series B Funding to Scale Its Behavior Change Corporate and Media Platform Around the World

Thrive Global, the behavior change media and technology company founded by Arianna Huffington in November 2016, has raised $30 million in its Series B funding round to dramatically accelerate its technology and product growth and scale its impact around the world.
November 29, 2017 | BusinessWire/by admin

Hospitals Employ Email ‘Empathy’ To Help Doctors And Patients Keep In Touch

Canvas portfolio company, HealthLoop, is helping doctors 'automate empathy.' The HealthLoop software allows doctors to check-in with patients more frequently, increasing patient engagement and decreasing readmissions after medical procedures.
February 2, 2016 | Kaiser Health News/by admin

Doximity, the Social Network for Physicians, Continues Impressive Growth

Houston surgeon Rafael Lugo needed help. He had a patient with a tumor and didn’t know what to make of it. He showed it to oncologists and surgeons in his hospital, but they were stumped as well. Lugo could take a biopsy, but wanted to avoid that given the risk factors.
December 9, 2014 | The Washington Post/by Ching Wu

Can Digital Health Tools Lower The Risk Of Malpractice Lawsuits?

Based on evidence that a breakdown in communication between doctor and patient plays a role in malpractice suits, a small Oakland, Calif.-based medical liability insurer is embarking on an intriguing experiment.
October 29, 2014 | Forbes/by Ching Wu

HealthLoop Lands $10M To Help Doctors Better Track And Engage Patients Between Visits

HealthLoop, the makers of a cloud-based platform that aims to automate the process by which doctors engage with their patients after visits, announced today that it has closed a $10 million round of Series A financing.

The round was led by Canvas Venture Fund, the new $175 million investment vehicle recently launched by three partners of Morgenthaler Ventures. The round is the first investment made by Canvas Venture Fund and includes participation from Subtraction capital, as well as others. As a result of the round, Canvas Venture Partner Rebecca Lynn will be joining the startup’s board of directors.
December 9, 2013 | TechCrunch/by admin

Practice Fusion Lands A Whopping $70M To Bring A Big Data Cure To The Healthcare Crisis

September 24, 2013 | TechCrunch/by Ching Wu

Practice Fusion, #1 in EMR With 25M Electronic

November 11, 2011 | TechCrunch/by Ching Wu