The principals of the Heritage Healthcare Innovation Fund on Tuesday announced they have partnered with Ascension Health Ventures to invest in a Texas company that has developed a cloud-based software platform for remote care management.
The Healthcare Innovation Fund and AHV aren’t saying how much they invested in four-year-old Vivify Health — which was formerly called Intuitive Health — but the company early this year filed with the Securities and Exchange Commission to say it had raised $3.4 million.
Vivify founder Eric Rock and his team are using their money to build out their platform, which lets providers and payers cut readmissions, manage their patients’ chronic diseases and improve care transitions, among other things. The system, which has been in development for more than three years, aggregates patient data from wireless personal health devices and transmits that data to providers via wireless networks. Vivify has partnered with AT&T, Ericsson, Polycom and Samsung, among others, to build its technology network.
“As market dynamics continue to evolve and providers assume more responsibility for post-acute care management, Vivify’s solution will have tremendous applicability,” said Rock Morphis, managing director of Heritage Group. “We are excited to be part of this company at such an instrumental time in its growth and development.”
Morphis and Victor Kats of AHV have joined Vivify’s board of directors.