Spoke Health Selected for Launch Health Accelerator Powered by Nueterra CapitalSeptember 20, 2019 / Nueterra Capital Marketing
Spoke Health, a healthcare marketplace solution that tackles high cost care episodes for value-based programs, has been selected to join the Launch Health Accelerator powered by Nueterra Capital. The accelerator is designed for early-stage businesses deemed likely to disrupt and improve the current healthcare system. Along with 5 other companies, Spoke Health will receive an equity award as well as a 75-day boot camp of collaboration and development with Nueterra Capital and program supporters in Kansas City.
“We have been introduced to several accelerator programs and the Launch Health Accelerator is one of the most comprehensive programs for businesses like Spoke Health that are working to disrupt the current healthcare system. We are proud to be working with a team that shares Spoke Health’s mission and vision to build powerful technology solutions that make the healthcare system work better and create healthier consumers. We are impressed with the amount of time and resources Nueterra Capital is investing to accelerate our business,” said Linda Bernier, CEO at Spoke Health.
Spoke Health’s unique position to create a transparent, efficient and engaging marketplace for high quality, low cost care episodes leverages the company’s roots in global medical tourism. The company’s founders built the core technology platform after experiencing high quality healthcare abroad from hospitals offering pre-packaged, bundled care services, transparent costs, cash pay and open market competition. In 2016 Spoke Health was launched in the US market to address the unsustainable healthcare cost crisis and the demand for new care and payment models by employers, who cover over 150 million people.
“We started with the $700B surgery market, which represents the largest healthcare spend category for employers and their biggest opportunity to cut costs, in some cases by 50%,” said Jason Coppage, Spoke Health’s co-founder and Chief Product Officer. “Our software went live in April and is being used by our partners and a large health system to engage employees toward better outcomes for expensive hip and knee surgeries. The technology automates the entire episode experience and offers robust workflow along with ‘high tech and high touch’ consumer interactions. In fact, early results for the nearly 30 patients and 26 care advocate and concierge users leveraging the platform demonstrate a 10x increase in touchpoints to better engage employees in their care episode, resulting in reduced complications and greater overall satisfaction.”
“Spoke Health’s platform helps health systems, TPAs, payers and other benefits providers package and automate value-based programs at scale for their employer clients.The solution includes three main capabilities: robust digital consumer tools, care and concierge workflow and dashboards, and provider contract administration capabilities that efficiently display and manage componentized costs for bundled contracts ,” said Greg Mogab, Spoke Health’s co-founder and Chief Technology Officer. “We wake up every day highly motivated to build powerful, easy-to-use SaaS technology that takes the hassle out of the US healthcare system and creates great consumer experiences even during a stressful care event.”
About Spoke Health
Spoke Health partners with healthcare organizations to deploy and scale new care and payment models to tackle high cost care episodes from “ouch to outcome” while offering high tech and high touch customer service. The Spoke Health platform is the connected ecosystem hub built specifically to power value-based programs and create healthcare marketplaces that integrate and automate the full episode of care experience for consumers, concierge and care advocates. Launched in 2016 and headquartered in Denver, Colorado, Spoke Health is led by Chief Executive Officer Linda Bernier and co-founders Jason Coppage and Greg Mogab.