Growth Funds for NextHealth Technologies

NextHealth Technologies Inc., a Denver, CO-based provider of prescriptive analytics and consumer engagement solutions, has completed a Series A round of funding, which it will use to recruit for engineering functions and enhance its platform.

The Round was led by Norwest Venture Partners, with participation from existing investors. NextHealth's SaaS platform integrates prescriptive analytics, behavioral economics and multichannel consumer engagement to help health plan operators analyse their user base and target appropriate messages at them to lower medical costs, improve efficiency and keep members healthier. Benefits include a reduction in 'avoidable emergency room visits', which the firm says cost the US $38bn each year.

CEO Eric Grossman comments: 'NextHealth has established its value at a time of fundamental change in healthcare, delivering much-needed and proven $12 per member per month medical costs savings. Our causal medical savings are critical to insurers given the considerable exchange losses they've sustained in the wake of the Affordable Care Act'.

Web site: www.nexthealthtechnologies.com .

All articles 2006-23 written and edited by Mel Crowther and/or Nick Thomas, 2024- by Nick Thomas, unless otherwise stated.