Kleiner Perkins

24 May 19
Simba Financial

At first glance, all seems serene on a spring morning at the research-and-development campus of SK Innovation, one of Korea’s biggest industrial conglomerates. The campus sits in Daejeon, a tidy, planned city an hour’s high-speed-train ride south of Seoul that the national government has built up as a technology hub. Dotting SK’s rolling acres are […]

23 May 19

More than five years ago, Sequoia partner Alfred Lin called Tony Xu, the founder of a small on-demand delivery startup called DoorDash, to say he was passing on the company’s seed round. This was, of course, before venture capital funding in food delivery startups had taken off. DoorDash, launched out of Xu’s Stanford graduate school […]

23 May 19
Sonia SO and Associates

More than five years ago, Sequoia partner Alfred Lin called Tony Xu, the founder of a small on-demand delivery startup called DoorDash, to say he was passing on the company’s seed round. This was, of course, before venture capital funding in food delivery startups had taken off. DoorDash, launched out of Xu’s Stanford graduate school […]

23 May 19
Arcynewsy

The healthcare technology startup Nurx, better known for selling contraceptives online, which is then sent directly to your home, is expanding into a new area: home testing for sexually transmitted infections such as gonorrhea and chlamydia. Customers will also be able to be treated through Nurx, depending on the infection. Tests and treatments will be […]

23 May 19
Eric's playground

More than five years ago, Sequoia partner Alfred Lin called Tony Xu, the founder of a small on-demand delivery startup called DoorDash, to say he was passing on the company’s seed round. This was, of course, before venture capital funding in food delivery startups had taken off. DoorDash, launched out of Xu’s Stanford graduate school […]

23 May 19
Money and Business Thoughts

More than five years ago, Sequoia partner Alfred Lin called Tony Xu, the founder of a small on-demand delivery startup called DoorDash, to say he was passing on the company’s seed round. This was, of course, before venture capital funding in food delivery startups had taken off. DoorDash, launched out of Xu’s Stanford graduate school […]

23 May 19
Reported

Whether you’ve tried and failed to find a therapist that’s covered by insurance or merely want some support for navigating a tricky relationship, the creators of a startup called Modern Health want to offer you a solution. The company’s biggest aim is to p…

23 May 19
Infotainment Factory

// Techmeme Kyle Wiggers / VentureBeat: Cardinal Analytx, which develops predictive analytics software for health care payers and providers, raises $22M Series B led by Kleiner Perkins’ John Doerr  —  Palo Alto, California-based Cardinal Analytx Solutions, which develops and maintains predictive analytics software for health care payers … Read More http://bit.ly/gaIxo5 // Read More http://bit.ly/2YPD3T7

23 May 19
GREENGROUND IT

The only way to beat laziness is with guilt, so that’s what Future sells. It assigns you an actual human trainer who builds personalized workout plans and messages you throughout the day to make sure you’re doing them. It even gives you an Apple Watch to track your activity and ensure you’re not lying. Future […]

23 May 19
VentureBeat
Palo Alto, California-based Cardinal Analytx Solutions, which develops and maintains predictive analytics software for health care payers and providers, today announced that it has secured $22 million in a series B round led by Kleiner Perkins chair John Doerr, with participation from strategic investors GuideWell Mutual Holding Corporation, Blue Shield California, and Premera Blue Cross. The capital infusion follows a $6.1 million series A round in 2017 and will enable the company to further invest in talent and technology, according to CEO Linda T. Hand. “We take great pleasure in welcoming John Doerr to our board and are honored by the investments from his family fund, our strategic health plan partners, and other leading investors,” said Hand. “The new growth funding positions us to capitalize on our early commercial traction and robust pipeline.” Cardinal Analytx, which was spun out of nonprofit accelerator StartX in 2013 by Stanford professors Arnie Milstein and Nigam Shah in partnership with Cardinal Partners, sells a system called Cost Bloom that taps AI and machine learning to identify high-cost members of health networks before they experience a high-cost event. To that end, it takes into account individuals’ clinical histories to generate likely trajectories and steer them toward better outcomes, all while optionally predicting specific types of high-cost, high-acuity events. On the provider side of the equation, Cost Bloom shows the likelihood a patient will benefit from an intervention and recommends action plans to care managers and clinical teams. Hand said the goal is to focus clinicians’ attention on strong candidates for cost-containing preventative treatment, which she says can result in upwards of 15% savings over two years. This has historically been easier said than done — an estimated 60% of high-spend members in any given year weren’t high-cost the prior year. Separately, Shah’s and colleagues’ research found that 10% of health insurance enrollees account for approximately 70% of spending and that 40% are persistent high-cost members. “We expect to quickly extend our leadership in the use of AI to accurately predict rising risk and future costs and deliver actionable insights,” Hand added. In a pilot program with Premera, Cardinal Analytx analyzed data from 1.4 million members to forecast new high-cost members in the subsequent year. Around 67% of these members — most of whom did become high-cost members — weren’t identified by Premera’s existing systems, Cardinal Analytx claims. Premera formalized its partnership with the startup in February, and it deployed Cost Bloom in production that same month, along with additional custom-designed risk prediction models. “We were an early investor [in Cardinal Analytx],” said Premera Blue Cross CEO Jeff Roe, “and [we] continue to invest and co-design [with the company] because the AI and predictive analytics that they offer enable us to deliver better health outcomes for our customers while lowering the total cost of care.” Cardinal Analytx also today announced that Doerr and Shah will join its board of directors.
23 May 19
Tech Solutions

The only way to beat laziness is with guilt, and so that’s what Future sells. It assigns you an actual human trainer who builds personalized workout plans and message you throughout the day to make sure you’re doing them. It even gives you an Apple Watch to track your activity and ensure you’re not lying. […]

23 May 19
Money and Business Thoughts

The only way to beat laziness is with guilt, and so that’s what Future sells. It assigns you an actual human trainer who builds personalized workout plans and message you throughout the day to make sure you’re doing them. It even gives you an Apple Watch to track your activity and ensure you’re not lying. […]

23 May 19
Sonia SO and Associates

The only way to beat laziness is with guilt, and so that’s what Future sells. It assigns you an actual human trainer who builds personalized workout plans and message you throughout the day to make sure you’re doing them. It even gives you an Apple Watch to track your activity and ensure you’re not lying. […]