Author: Nueterra Capital Marketing

Nueterra Capital Accelerator Selects 6 Entrepreneurs Destined to Disrupt America’s Healthcare Delivery System

LaunchKC logo

Collaboration with LaunchKC focuses on high-tech solutions to a healthier future

Six innovative technology entrepreneurs – focused on disruptive, yet sustainable solutions to improving patient care and lowering costs – have been selected to join the Launch Health Accelerator powered by Nueterra Capital.

The six businesses include four from the Kansas City region, one from Denver and one from San Francisco. The accelerator is designed to attract the best and brightest entrepreneurs from around the globe to come to Kansas City for further development.

“We all agree that the current healthcare system is not sustainable and is in need of disruption. Through the Health Accelerator, we were seeking companies with fresh ideas that give rise to improving care and lowering costs that can be readily integrated into existing clinical workflows,” said Jeremy Tasset, Nueterra Capital CEO.

The accelerator, developed in partnership with LaunchKC – a joint initiative of the Downtown Council (DTC) and Economic Development Corp. (EDCKC) of Kansas City, Missouri – is designed for early-stage businesses deemed likely to disrupt and improve the current healthcare system. The goal is to build partnerships with entrepreneurs who have fresh ideas on how to make healthcare more accessible, with more predictable outcomes and transparent costs.

“I am very excited to welcome the first Launch Health Accelerator cohort. These outstanding companies were selected from nearly 200 applications received from all over the world,” said Don Peterson, entrepreneur in residence for the accelerator and a healthcare industry veteran.

“Choosing the best six applications was incredibly difficult due mainly to the amazing quality of so many of the entrepreneurs. Meritocracy won the day.”

The companies will receive equity awards, a 75-day boot camp of collaboration and development with Nueterra Capital and program supporters, and a Demo Day in November.

“They’ll gain valuable training and insight to grow their business through collaboration with Nueterra professionals, as well as exposure and networking opportunities with an experienced network of investors, supporters and clients in Kansas City and around the country,” Tasset said.

The Launch Health Accelerator boot camp – which begins on Tuesday – is designed to expand and enhance awareness of the vast healthcare industry as it pertains to each of the selected companies. Weekly sessions with experts will cover an array of topics including legal, regulatory, provider practice constructs, payer preferences and priorities, consumer behavior, social determinants, and a review of successful and unsuccessful disruptions and innovations.

Peterson explained that cohort participants will each have one-on-one sessions covering a variety of topics like technology development, investment strategy, team-building, culture, compliance, sales and marketing, specifically designed to address each company’s unique needs.

“We are excited about the potential of this cohort, as well as the continued growth of the LaunchKC program with our partners at Nueterra Capital,” said Drew Solomon, competition chair of LaunchKC and senior vice president at the Economic Development Corp. of Kansas City, MO. “We have strived for the last five years to push Kansas City’s capacity for supporting emerging companies and technology.”

Nueterra Capital and LaunchKC opened the application window in late June in search of entrepreneurs dedicated to making healthcare outcomes more predictable, delivery more accessible, costs more transparent and technology that empowers more patients to be consumers of healthcare.

Companies selected for the 2019 Health Accelerator cohort include:

Healium by Story UP, Columbia, MO, is the world’s first virtual and augmented reality channel powered by brainwaves and heart rate. It allows the user to see their emotions control virtual worlds with their smart watch or brain-sensing headband. In peer-reviewed journals, StoryUP’s patented technology has been shown to reduce anxiety and increase feelings of positivity in as little as four minutes. Healium kits are used worldwide in areas of situational stress.

MedZERO, Kansas City, MO, is a new employee benefit providing instant 0% loans for families throughout the U.S. who are struggling to pay their healthcare bills. Employees can make payments ranging from $100 to $5,000 for medical, dental, vision, and pharmaceutical needs. MedZERO loans are repaid over 6 to 12 months through payroll deductions, and savings of up to 30% are achieved by maximizing the use of health savings accounts.

Sickweather, Kansas City, MO, knows where sick people are and where they will be up to 15 weeks in advance. It’s like a Doppler radar for illness. Their patented social listening technology detects illness trends in real-time at a hyper local level, in over 120 countries. That data is then modeled into 15-week forecasts and a threat level index called the SickScore.

Spoke Health, Denver, CO, helps healthcare organizations deploy and scale new care and payment models to tackle high cost care episodes from “ouch” to “outcome.” The Spoke technology platform powers a healthcare marketplace for high quality, low cost care that significantly reduces medical and administrative costs, enables cost transparency and improves consumer health, satisfaction and peace of mind.

TheraWe Connect, Kansas City, MO, is a HIPAA compliant platform that bridges the gap between the therapy center and the home. TheraWe Connect reduces stress for families during their pediatric therapy journey by providing two-way messaging and video sharing that improves communication between therapy providers and parents.

WellBrain, San Francisco, CA, enables physicians and hospital systems to use evidence based non-opiate modalities such as mindfulness and other solutions in a B2B2C software-as-a-service model. Providers use iPads for tracking various inputs on patient’s health, movement, depression and anxiety and other factors to provide custom treatments or guided meditations in a physician tracked app for patients to use at home on smartphones.

As the 2019 cohort assembles for the start of the boot camp next week, Peterson was effusive when describing the potential of the program. “Between now and the Demo Day on November 20th, we will have accomplished our mission if each cohort participant feels better equipped to face the extreme challenges of disrupting the behemoth healthcare space,” Peterson said.

You can read more about the Health Accelerator in the Kansas City Business Journal.

About Nueterra Capital
Nueterra Capital is a venture capital firm that invests in early and growth-stage healthcare companies. Based in Leawood, Kansas, Nueterra was founded by a team of industry experts and entrepreneurs who are dedicated to transforming healthcare and how we invest in it. The Launch Health Accelerator was established this year.

About LaunchKC
LaunchKC is evolving from a grants competition for tech entrepreneurs (founded 2014) to a tech accelerator platform (beginning 2019) that works in partnership with industry-specific verticals, including the Health Accelerator. LaunchKC, a nonprofit initiative of the DTC and EDCKC, is fueled by the Missouri Technology Corporation, the City of Kansas City, Missouri, and corporate, governmental and philanthropic organizations.


Media Contact Information:
JEREMY TASSET, 913-387-0571
DON PETERSON, 913-269-4506
MIKE HURD, LaunchKC, 816-447-2136

Infusion Express Rebrands as IVX Health

Logo for IVX Health, a Nueterra Capital portfolio company

To more clearly define its mission as a health care company, our portfolio company Infusion Express is rebranding as IVX Health. Rebranding is expected to be completed later this year. Nueterra Capital recently participated in a Series C funding round for IVX Health that will help accelerate national expansion. You can read more about the rebranding and the Series C round in the Kansas City Business Journal and the Nashville Business Journal.

Launch Health Accelerator Powered by Nueterra Capital Kicks Off

More than 150 investors, civic leaders and entrepreneur applicants packed the eighth-floor club lounge of Two Light Luxury Apartments in Downtown Kansas City, Missouri on Tuesday night to kick off the LaunchKC Health Accelerator powered by Nueterra Capital.

After introductory remarks from Kansas City Mayor-Elect Quinton Lucas, Nueterra Capital CEO Jeremy Tasset welcomed the crowd and explained why the firm decided to partner with LaunchKC on the Launch Health Accelerator. “There is a huge problem with the healthcare system as we know it today,” said Tasset. “Policy might help, but what’s going to solve the problem is innovation – the kind of innovation that the Launch Health Accelerator helps foster. We want to be part of that innovation solution.”

Photograph of Nueterra Capital CEO Jeremy Tasset at the Launch Health Accelerator Kick-Off Event

Nueterra Capital CEO Jeremy Tasset addresses event attendees.

 

Focusing on early and growth-stage healthcare companies, Nueterra Capital invests in companies in the business of providing patient care, services that enable communication between providers and patients or employers and employees, and technology, including software, applications, and devices.

Through the Launch Health Accelerator, Nueterra Capital hopes to attract companies sparking payment reform through transparent pricing and quality metrics, facilitating risk transfer from payors and employers to providers and patients, and using data to analyze behavior, decision-making and pricing.

“The support of LaunchKC and the City of Kansas City has been incredible,” said Tasset. “We’re excited to be a part of this and help make change.”

Photograph of Kansas City Mayor Elect Quinton Lucas at the Launch Health Accelerator Kick-Off Event

Kansas City, Missouri Mayor Elect Quinton Lucas speaks to the crowd.

Don Peterson, a health care industry veteran who founded disruptor Infusion Express, will serve as the Launch Health Accelerator’s Entrepreneur in Residence. Peterson told the crowd that having worked with Nueterra Capital for many years, their proven record in healthcare innovation made them the right partner for the Launch Health Accelerator.

Applications for the Launch Health Accelerator are being accepted now through August 15.

Startup Hustle interviewed LaunchKC Health Accelerator’s Entrepreneur-in-Residence and Infusion Express founder Don Peterson about the program on its podcast. You can listen to that episode here.

Don also appeared on Grill Nation with the EDCKC’s Drew Solomon to discuss the LaunchKC Health Accelerator, and you can listen to that episode here.

 

Infusion Express Announces Philadelphia Market Expansion

Infusion Express recently announced they will be expanding their patient-focused alternative to hospital-based infusion centers into three new markets in the Philadelphia area. The Malvern, PA infusion center offers infusion therapy and injections for a wide range of pharmaceutical drugs. Infusion and IV therapy centers will open in Bensalem, PA the week of May 13 and in Montgomeryville, PA later this summer. You can read the full press release here.

CAREstream America Announces Major Company Changes to Propel Unique Regenerative Business Model

Logo for Axiom, a Nueterra Capital portfolio company

Orlando, FL (December 21, 2018) – CAREstream America, a premier product and services distributor for pain management, regenerative and aesthetic specialties, announces the acquisition of Catalyst Sales & Marketing, a regenerative medicine solutions provider based in Houston, TX. Effective December 21, 2018, this acquisition significantly expands CAREstream America’s product portfolio and related offerings to its customers, particularly those focused on regenerative medicine.

CAREstream America plans to merge Catalyst’s comprehensive regenerative medicine portfolio with its existing product lines and revolutionize its vast physician support network under another newly acquired endeavor called Axiom Therapies. The transition to CAREstream America’s corporate office in Altamonte Springs, FL is to be determined.

Catalyst CEO, Bill Cramer remarked, “This is a pivotal moment for the regenerative landscape and this opportunity establishes our position at the forefront of this advancing healthcare evolution.”

CAREstream America acquired majority ownership of Axiom Therapies, formerly a wholly-owned subsidiary of Nueterra Capital, on November 30, 2018. Axiom Therapies empowers clinicians to provide next-generation, cell-enhanced treatments founded on the principles of evidence-based regenerative medicine. Axiom Therapies will focus on Orthopedics, Pain and Rheumatology, with a full complement of regenerative therapy solutions including: APIC-A2M, PRP, PRFM, Exosomes, Amniotic Fluid, Bone Marrow- and Adipose-Derived Stem Cell Therapies, and VitalityRED for ED.

The enhanced Axiom Therapies will be led by President, Blake Petrunick, with most of the senior leadership from Catalyst joining him. “We are focused in the MSK space with an extensive roster of Regenerative Therapy solutions to bring solid, proven clinical outcomes to this evolving healthcare market,” commented Mr. Petrunick.

Regarding the industry-shaping merger, Chairman of the Board, Dr. Allen Sperry said, “documenting clinical outcomes of our therapies to ensure the optimum therapeutic regimen and protocols is our mandate.” He further mentioned, “Blake Petrunick, Bill Cramer, Jordan Jozwick and Brandon Cusick are as experienced and knowledgeable as any leadership team in this business today.”

This transformational merger will create pathways for accelerated growth, while ensuring FDA compliance with premium products and outcome measurements to make Axiom Therapies the leader in regenerative medicine in the MSK world.

About CAREstream America

CAREstream America is a division of CAREstream Medical Ltd, which has been serving customer’s respiratory and anesthesia needs for over 20 years. CAREstream America began in 2013 and distributes; pain management and aesthetic products from helping to shape and image the body to relieving the pain and anxiety of procedures. CAREstream America carry human med, Whale Imaging, Chemometec, Christie Medical and CMI – ranging from water-jet assisted technology to cell counting, ultrasound and vascular access imaging to nitrous oxide analgesia. With the Gentec and Westmed product lines offering a variety of medical products for patient care from suction products, adaptors, flowmeters and regulators to anesthesia, respiratory and critical care. Visit www.carestreamamerica.com for more.

About Nueterra Capital

Nueterra Capital is a healthcare-focused private equity firm that invests in companies on the leading edge of healthcare reform. Nueterra Capital invests in healthcare providers, services, and technology companies whose business model reshapes the healthcare industry through advanced payment methods, innovative risk transfer models, data analysis, and advocating patient consumerism. Nueterra Capital has offices in Leawood, KS and Nashville, TN. To learn more, visit www.nueterra.com.