Frist Cressey Ventures

Frist Cressey Ventures, LLC is a venture capital firm established in 2015 and headquartered in Nashville, Tennessee. The firm specializes in early and growth stage investments, primarily focusing on the healthcare sector. It aims to accelerate the development of high-potential healthcare enterprises by forming value-added partnerships. Frist Cressey Ventures invests in technology and service businesses that offer innovative solutions to enhance quality of care, system integration, patient outcomes, and overall population health. By collaborating with like-minded entrepreneurs who share similar core values, the firm is dedicated to improving the healthcare landscape.

William Frist

Co-Founder and Partner

Matt Schappell

Principal

Mark Tipps

Partner and COO

51 past transactions

Lynx

Series A in 2025
Lynx is a fintech platform focused on healthcare, providing an API-connected service that enables businesses to incorporate payments, banking, and e-commerce seamlessly. Lynx FinHealth is a contemporary financial solution tailored to current healthcare demands, explicitly stating that it is not a bank. Instead, banking services and debit cards are offered through partnering banks.

Qualified Health

Seed Round in 2025
Qualified Health is a reliable partner for safely utilizing generative AI in medicine. Qualified Health's infrastructure solution offers safeguards for ongoing algorithm performance monitoring, active AI governance, and developing agents tailored to the healthcare industry. Qualified Health are revolutionizing healthcare in America with top health system partners.

Oshi Health

Series C in 2024
Oshi Health is a virtual-first gastroenterology clinic focused on diagnosing, treating, and remotely monitoring digestive health conditions. The clinic offers a comprehensive approach by integrating a team of gastroenterologists, specialized nurse practitioners, registered dietitians, behavioral psychologists, and health coaches. This collaborative team helps patients identify the root causes of their symptoms and develops personalized care plans that incorporate medication, dietary changes, and gut-brain behavioral therapy. By prioritizing accessibility and patient experience, Oshi Health aims to improve clinical outcomes and enhance the overall quality of life for individuals suffering from gastrointestinal issues.

MD Ally

Series A in 2024
MD Ally, Inc. is a company focused on enhancing telemedicine services, specifically within the realm of emergency medical services. Incorporated in 2020 and based in Philadelphia, Pennsylvania, the company has developed a triage solution that addresses non-emergency care gaps. Its platform streamlines access between public safety practitioners and healthcare providers, enabling the triage of non-life-threatening medical concerns through telehealth. This allows patients to receive virtual medical and behavioral healthcare, in-network follow-up care, alternative transportation, and social services without the need for costly emergency service dispatch. By integrating telemedicine into the emergency medical dispatch process, MD Ally aims to provide efficient and effective care solutions for both patients and EMS providers.

Thyme Care

Series C in 2024
Thyme Care is a healthcare company focused on providing comprehensive oncology care management services. It partners with health plans to deliver an integrated oncology solution that emphasizes whole-person care for cancer patients. By employing a tech-enabled platform, Thyme Care offers personalized support through physician-guided oncology nurses and resource specialists who educate and guide patients throughout their cancer journey. This model generates actionable insights that help healthcare providers identify at-risk patients earlier, facilitating timely access to quality resources and care. Thyme Care aims to enhance the cancer experience through early and ongoing intervention, ensuring that every cancer patient receives the individualized care they need.

Praia Health

Series A in 2024
Praia Health is a cutting-edge consumer platform for health systems that transforms the delivery of personalised health solutions on a large scale, allowing digital transformation.

CodaMetrix

Series B in 2024
CodaMetrix is a developer of an AI-powered platform focused on automating healthcare revenue cycle management and medical coding. The platform utilizes machine learning, deep learning, and natural language processing to accurately translate clinical notes into billing and diagnostic codes. This automation not only meets coding requirements but also significantly reduces the workload for human coders. By continuously learning from clinical evidence within electronic health records and drawing from a comprehensive library of data points from national health systems, CodaMetrix enhances coding efficiency and quality, ultimately allowing healthcare providers to optimize their operations.

Blackbird Health

Series A in 2024
Blackbird Health is a mental health clinic that supports children and young adults facing social, developmental, and academic difficulties. The practice offers both in-person and virtual therapy options, making it accessible to a broader range of clients. Blackbird Health employs a holistic approach to mental health care, aiming to address the overall well-being of their clients.

Visana Health

Seed Round in 2023
Visana Health is a digital health platform dedicated to enhancing the quality of life for women experiencing severe menstrual pain. The company operates a comprehensive virtual women's health clinic that offers evidence-based treatments and medications designed to alleviate symptoms. By connecting patients with a curated network of expert clinicians specializing in endometriosis and pelvic pain, Visana Health empowers women to take control of their health. The organization aims to address the systemic issues that have long overlooked the needs of women suffering from menstrual pain, drawing on insights from both medical professionals and patients with firsthand experience.

Axuall

Series B in 2023
Axuall, Inc. is a workforce intelligence company that operates a digital network designed to verify identities, credentials, and authenticity across various sectors, including healthcare, insurance, and logistics. Founded in 2018 and based in Cleveland, Ohio, Axuall offers an integrated platform that facilitates smarter decision-making and expedites the onboarding process for healthcare providers. By leveraging real-time practitioner data, the company enhances workforce deployment and efficiency, and provides critical insights for network planning, analytics, and reporting. Its solutions aim to empower healthcare professionals by granting them control over their career identities while connecting health systems, staffing firms, and telehealth organizations to valuable data resources.

Thrive Health Tech

Pre Seed Round in 2023
Thrive Health Tech is a healthcare-focused mobile company.

Memora Health

Venture Round in 2023
Memora Health Inc., founded in 2016 and based in San Francisco, California, develops an enterprise healthcare productivity platform aimed at automating outpatient communication and enhancing care delivery. The company partners with health systems, health plans, and digital health organizations to streamline clinical workflows, allowing clinicians to focus on their primary responsibilities while proactively engaging patients throughout their care journeys. Memora's platform digitizes high-touch processes, intelligently triaging patient-reported data to the relevant care team members and facilitating proactive, two-way communication between patients and providers. By transforming the way care is delivered, Memora Health seeks to make healthcare more actionable, accessible, and continuous.

Oshi Health

Series B in 2023
Oshi Health is a virtual-first gastroenterology clinic focused on diagnosing, treating, and remotely monitoring digestive health conditions. The clinic offers a comprehensive approach by integrating a team of gastroenterologists, specialized nurse practitioners, registered dietitians, behavioral psychologists, and health coaches. This collaborative team helps patients identify the root causes of their symptoms and develops personalized care plans that incorporate medication, dietary changes, and gut-brain behavioral therapy. By prioritizing accessibility and patient experience, Oshi Health aims to improve clinical outcomes and enhance the overall quality of life for individuals suffering from gastrointestinal issues.

SpectrumAi

Series A in 2023
SpectrumAi is a digital health company innovating Autism care to increase access to high-quality ABA therapy for kids on the spectrum around the world. With support from industry veterans in technology and healthcare, SpectrumAi is working with global clinical leaders in ABA therapy, parents, and payers to modernize.

CodaMetrix

Series A in 2023
CodaMetrix is a developer of an AI-powered platform focused on automating healthcare revenue cycle management and medical coding. The platform utilizes machine learning, deep learning, and natural language processing to accurately translate clinical notes into billing and diagnostic codes. This automation not only meets coding requirements but also significantly reduces the workload for human coders. By continuously learning from clinical evidence within electronic health records and drawing from a comprehensive library of data points from national health systems, CodaMetrix enhances coding efficiency and quality, ultimately allowing healthcare providers to optimize their operations.

Monogram Health

Series C in 2023
Monogram Health, Inc. is a provider of kidney care services based in Nashville, Tennessee, specializing in the management of chronic kidney disease and end-stage renal disease. Established in 2019, the company employs an innovative in-home care delivery model that integrates evidence-based clinical services, including complex case and disease management, utilization management, and medication therapy management. Monogram Health focuses on improving patient outcomes and quality of life while reducing medical costs through predictive analysis and next-generation artificial intelligence algorithms. It collaborates with leading health plans and risk-bearing providers to deliver care across various insurance products in 34 states, aiming to enhance the management of patients with polychronic conditions and ensure seamless transitions to dialysis and pre-emptive kidney transplants.

Hospital for Special Surgery

Series A in 2022
HSS is a academic medical center focused on musculoskeletal health. Because an infection can be a devastating outcome for an orthopedic patient, HSS takes infection control extremely seriously and has one of the lowest infection rates in the country. Hospital for Special Surgery was established in 1863 by Carlos Polit in New York, United States.

Carta Healthcare

Series B in 2022
Carta Healthcare, Inc. is a technology company that provides a software-as-a-service platform designed to improve patient care in hospitals. Founded in 2016 and headquartered in San Mateo, California, the platform leverages existing IT data to describe patient journeys and predict potential bottlenecks, such as recovery bed shortages and cancellations. By employing machine learning, Carta Healthcare enables hospitals to personalize care, allowing them to identify past patients with similar profiles and analyze their experiences. This approach enhances the efficiency and quality of healthcare data management by combining artificial intelligence with skilled human expertise, facilitating more effective and cost-efficient data abstraction for health systems.

SpectrumAi

Seed Round in 2022
SpectrumAi is a digital health company innovating Autism care to increase access to high-quality ABA therapy for kids on the spectrum around the world. With support from industry veterans in technology and healthcare, SpectrumAi is working with global clinical leaders in ABA therapy, parents, and payers to modernize.

Hint Health

Series B in 2022
Hint Health Inc. is a technology company that specializes in membership management for direct care providers. Founded in 2013 and headquartered in San Francisco, the company offers a platform designed to streamline membership administration and billing for healthcare providers, patients, employers, and health plans. Hint Health's services enable organizations to establish and manage their own direct primary care programs, allowing them to compete with traditional insurance models while enhancing the overall healthcare experience. The company's offerings include a range of plans tailored to different organizational needs. Through initiatives such as the Hint Summit, Hint Health fosters collaboration among healthcare professionals, industry leaders, and policy advocates to promote reform in the healthcare system and advocate for direct care as a viable standard for delivering care.

Bicycle Health

Series B in 2022
Bicycle Health is a virtual addiction medicine clinic that helps treat opioid dependence or use disorder. Addiction medicine specialists on the Bicycle Health platform will treat patients and works with the patient's insurance to get reimbursed for their services. The telemedicine-based company uses an interesting model to become an addiction medicine resource that physicians leverage for their patients while maintaining and strengthening their relationship with their patients. Ankit Gupta established it in San Francisco, California in 2017.

Lynx

Series A in 2022
Lynx is a fintech platform focused on healthcare, providing an API-connected service that enables businesses to incorporate payments, banking, and e-commerce seamlessly. Lynx FinHealth is a contemporary financial solution tailored to current healthcare demands, explicitly stating that it is not a bank. Instead, banking services and debit cards are offered through partnering banks.

Memora Health

Venture Round in 2022
Memora Health Inc., founded in 2016 and based in San Francisco, California, develops an enterprise healthcare productivity platform aimed at automating outpatient communication and enhancing care delivery. The company partners with health systems, health plans, and digital health organizations to streamline clinical workflows, allowing clinicians to focus on their primary responsibilities while proactively engaging patients throughout their care journeys. Memora's platform digitizes high-touch processes, intelligently triaging patient-reported data to the relevant care team members and facilitating proactive, two-way communication between patients and providers. By transforming the way care is delivered, Memora Health seeks to make healthcare more actionable, accessible, and continuous.

Oshi Health

Series A in 2021
Oshi Health is a virtual-first gastroenterology clinic focused on diagnosing, treating, and remotely monitoring digestive health conditions. The clinic offers a comprehensive approach by integrating a team of gastroenterologists, specialized nurse practitioners, registered dietitians, behavioral psychologists, and health coaches. This collaborative team helps patients identify the root causes of their symptoms and develops personalized care plans that incorporate medication, dietary changes, and gut-brain behavioral therapy. By prioritizing accessibility and patient experience, Oshi Health aims to improve clinical outcomes and enhance the overall quality of life for individuals suffering from gastrointestinal issues.

Thyme Care

Series A in 2021
Thyme Care is a healthcare company focused on providing comprehensive oncology care management services. It partners with health plans to deliver an integrated oncology solution that emphasizes whole-person care for cancer patients. By employing a tech-enabled platform, Thyme Care offers personalized support through physician-guided oncology nurses and resource specialists who educate and guide patients throughout their cancer journey. This model generates actionable insights that help healthcare providers identify at-risk patients earlier, facilitating timely access to quality resources and care. Thyme Care aims to enhance the cancer experience through early and ongoing intervention, ensuring that every cancer patient receives the individualized care they need.

Main Street Health

Series A in 2021
Main Street Health is a provider of value-based, care-focused healthcare services aimed at addressing rural wellness concerns. The company's healthcare services are data-driven, and it provides partner clinics with employees, technology, critical access hospitals, community health centers, and possibilities to flourish in the care delivery model, allowing rural residents to receive the high-quality treatment they need.

Vim

Series B in 2021
Vim, Inc. is a healthcare technology company founded in 2015 and based in San Francisco, California. The company develops a platform that enhances the connection between patients and healthcare providers by offering online services for finding, scheduling, and receiving care. Its solutions include online booking and referral coordination, facilitating seamless communication and data sharing among health plans, patients, and a wide range of medical providers, from independent practitioners to large healthcare systems. Vim's platform integrates with electronic health records, enabling real-time access to patient data and insights at the point of care. By improving connectivity within clinical operations, Vim aims to support the delivery of affordable, high-quality healthcare.

DexCare

Series A in 2021
DexCare is a Seattle-based provider of a platform-as-a-service designed to optimize health system capacity and demand across various lines of care. Established in 2021, the company offers a solution that transforms traditional patient-to-provider relationships into a scalable digital experience. This platform enhances patient access to the appropriate care settings, enabling healthcare institutions to attract new patients, boost revenue, and improve overall satisfaction. Additionally, DexCare's approach leads to significant cost savings while ensuring that patients receive timely and effective care.

Audacious Inquiry

Venture Round in 2020
Audacious Inquiry (AI) is a healthcare information technology and policy consulting firm founded in 2004 and headquartered in Baltimore, Maryland. Ai leverages domain expertise in health information policy and technology to offer bold solutions that are leading the way to smarter delivery of healthcare. Government, private and nonprofit organizations have turned to Ai to rethink how health information is shared, managed, and protected. Ai’s implementation of master data management (MDM) tools to enable health information exchange has set the standard for health information organizations and HIEs throughout the nation. Ai’s Encounter Notification Service® (ENS®) provides real-time hospital inpatient and ED admission, discharge, and transfer (ADT) event notifications and clinical summaries, to primary care providers, payers and other stakeholders of care. ENS can send secure alerts between participating hospitals, and inter-state among connected HIEs, in several ways (via secure web services connection, via Direct secure messaging technology, or via the ENS PROMPT user interface). ENS can rapidly drive measurable clinical improvements in quality and outcomes, and can be integral to initiatives around population health, transitions of care, and reduction of readmissions. Ai's ENS product currently delivers ADT notifications to HIE organization subscribers in Florida (FL HIE, AHCA), Utah (UHIN, cHIE), Delaware (DHIN), Southeastern Pennsylvania (HSX), Maryland (CRISP), and the District of Columbia. To learn more visit www.ENSinAction.com and follow @A_INQ.

Ready

Series C in 2020
Ready Responders was founded in 2016 with the mission of giving patients direct access to healthcare professionals in their homes and giving Responders the opportunity to provide care in their communities. Responders travel to patients’ homes to address their physical, mental, and social health needs, utilizing technology to connect with an advanced medical or behavioral health provider, and connecting them with external resources and relationships for ongoing, sustained support. With Ready Responders, patients now have access to quality whole-person care in their homes, 16 hours a day, 365 days a year, and talented individuals are provided the opportunity to work with a rapidly growing, mission-driven company. They are in-network with most major insurance companies in the markets they serve. Ready Responders is backed by leading venture capital firms, including Google Ventures, Founders Fund, Rise of the Rest, and City Lights Capital.

Klara

Series A in 2020
Klara’s end-to-end patient engagement platform enables healthcare organizations to easily communicate with patients, provide virtual care, collaborate as a team, and automate many front-desk tasks. Thousands of healthcare teams across more than 40 specialties use Klara to make their workflows more efficient, deliver an exceptional patient experience across the entire care journey, and grow their patient volume.

Monogram Health

Series A in 2020
Monogram Health, Inc. is a provider of kidney care services based in Nashville, Tennessee, specializing in the management of chronic kidney disease and end-stage renal disease. Established in 2019, the company employs an innovative in-home care delivery model that integrates evidence-based clinical services, including complex case and disease management, utilization management, and medication therapy management. Monogram Health focuses on improving patient outcomes and quality of life while reducing medical costs through predictive analysis and next-generation artificial intelligence algorithms. It collaborates with leading health plans and risk-bearing providers to deliver care across various insurance products in 34 states, aiming to enhance the management of patients with polychronic conditions and ensure seamless transitions to dialysis and pre-emptive kidney transplants.

Ready

Series B in 2020
Ready Responders was founded in 2016 with the mission of giving patients direct access to healthcare professionals in their homes and giving Responders the opportunity to provide care in their communities. Responders travel to patients’ homes to address their physical, mental, and social health needs, utilizing technology to connect with an advanced medical or behavioral health provider, and connecting them with external resources and relationships for ongoing, sustained support. With Ready Responders, patients now have access to quality whole-person care in their homes, 16 hours a day, 365 days a year, and talented individuals are provided the opportunity to work with a rapidly growing, mission-driven company. They are in-network with most major insurance companies in the markets they serve. Ready Responders is backed by leading venture capital firms, including Google Ventures, Founders Fund, Rise of the Rest, and City Lights Capital.

InformedDNA

Venture Round in 2019
InformedDNA specializes in genetics benefits management services, focusing on enhancing healthcare spending and patient care through access to clinical and scientific genomics expertise. The company connects genetic counselors with patients, providing essential services such as policy development, prior authorization for genetic testing, payment integrity claims edits, utilization analytics, and lab network strategies. By leveraging a team of board-certified genetics specialists, InformedDNA aims to guide patients and clinicians in the effective use of genetics and gene-based treatments, ultimately improving medical outcomes. Their approach combines the latest genomics insights with practical clinical experience, allowing health organizations, providers, and pharmaceutical companies to make informed decisions that optimize clinical practices and manage costs. With a strong commitment to patient care and a personalized touch, InformedDNA serves as a trusted resource in the evolving field of genomics medicine.

ObjectiveHealth

Seed Round in 2019
ObjectiveHealth operates an integrated research and technology services platform focused on enhancing patient outcomes, particularly in gastroenterology. The company partners with leading physicians to seamlessly incorporate gastroenterology research services into local community practices. Its offerings include research infrastructure, optimal trial selection, study implementation, and management of key research personnel. By providing these resources, ObjectiveHealth enables healthcare organizations to integrate clinical trials into their practices, thus improving care for patients, especially those affected by conditions like non-alcoholic steatohepatitis (NASH). The use of proprietary technology and processes allows for significant advancements in research conduct, ultimately facilitating better patient outcomes at the point of care.

CareBridge Health

Series B in 2019
CareBridge is a technology and services provider based in Nashville, Tennessee, dedicated to improving the lives of individuals with physical, intellectual, or developmental disabilities who receive home and community-based services. Founded in 2009, the company specializes in assisting health plans and states by offering comprehensive solutions such as electronic visit verification, data aggregation, and 24/7 clinical support. CareBridge focuses on ensuring that Medicaid recipients, as well as those dually eligible for Medicare and Medicaid, receive the necessary services, equipment, and support to maintain their independence at home. By facilitating continuous communication between patients, their families, and caregivers, CareBridge enhances the quality of care and promotes a supportive environment for those they serve.

Stratasan

Venture Round in 2019
Stratasan, LLC specializes in providing market intelligence to hospitals and healthcare systems through its innovative software and services. Based in Nashville, Tennessee, the company offers a proprietary analytical platform featuring applications such as Blackbird, a data query engine delivering actionable insights, and Canvas, a customizable reporting tool that presents financial insights and market projections for various healthcare volumes. Additionally, Stratasan provides a suite of solutions known as Pathways, which further enhances access to critical intelligence. By transforming demographic and market data into clear insights, Stratasan enables healthcare organizations to make informed decisions regarding strategic planning, marketing, and growth initiatives. Founded in 2010 and rebranded from Health Data Source LLC in 2011, Stratasan is dedicated to helping healthcare providers maximize their strategic growth potential.

Monogram Health

Series A in 2019
Monogram Health, Inc. is a provider of kidney care services based in Nashville, Tennessee, specializing in the management of chronic kidney disease and end-stage renal disease. Established in 2019, the company employs an innovative in-home care delivery model that integrates evidence-based clinical services, including complex case and disease management, utilization management, and medication therapy management. Monogram Health focuses on improving patient outcomes and quality of life while reducing medical costs through predictive analysis and next-generation artificial intelligence algorithms. It collaborates with leading health plans and risk-bearing providers to deliver care across various insurance products in 34 states, aiming to enhance the management of patients with polychronic conditions and ensure seamless transitions to dialysis and pre-emptive kidney transplants.

Regroup

Series B in 2018
Regroup offers integrated telepsychiatry services that enable remote psychiatric care through live video conferencing. By utilizing advanced encryption technologies, the company ensures patient privacy and the confidentiality of personal health information. Regroup's services enhance access to mental health care, allowing patients to overcome challenges such as geographic distances, mobility restrictions, transportation issues, and the associated time and cost burdens of in-person visits.

180 Health Partners

Series A in 2016
180 Health Partners, Inc. is a healthcare provider focused on addressing substance use and behavioral health challenges, particularly among expecting mothers. The company offers a program known as The 180 Way, which combines personalized interdisciplinary treatment with a supportive ecosystem. This program is complemented by the StrongWell initiative, designed to assist pregnant women in overcoming addiction and ensuring the delivery of healthy babies. 180 Health Partners facilitates multi-modal care coordination, connecting opioid-addicted mothers with healthcare providers to receive medical assistance in their preferred settings, including home, doctor's offices, or through virtual consultations. Established in 2016 and headquartered in Franklin, Tennessee, the company is dedicated to improving health outcomes for mothers and their children.

Aspire Health

Series D in 2016
Aspire Health is a new healthcare company that specializes in providing an extra layer of support to patients facing a serious illness. The company's clinicians are experts in providing patients with relief from the symptoms, pain, and stress of a serious illness, helping patients and caregivers navigate the healthcare system; guiding patients and caregivers through difficult and complex treatment choices, and providing emotional and spiritual support to patients and their families. The company's practice in each market provides disease management and care coordination across many settings including outpatient clinics, patients’ homes, and assisted living centers. It was established in 2012 and is based in Nashville, Tennessee, United States.

Valify

Series A in 2016
Valify, Inc. is a healthcare technology company based in Frisco, Texas, founded in 2014. It specializes in providing a web-based solution that enables healthcare organizations to identify, benchmark, and track savings in purchased services across over 1,200 categories. The platform offers proprietary benchmarking analysis, market share insights, and customizable RFP templates, allowing users to evaluate financial performance and prepare for vendor negotiations. Valify's services are designed to help hospitals and non-acute healthcare organizations reduce operational costs, as purchased services can account for up to 45% of a hospital's non-labor budget. The company has served over 600 health systems nationwide, achieving savings of more than $100 million for its clients. Valify's innovative approach has earned it recognition as a "Cool Vendor" in Supply Chain Execution Technology by Gartner in 2017. As of January 2020, Valify operates as a subsidiary of HCA Healthcare, Inc.

Carta Healthcare

Carta Healthcare, Inc. is a technology company that provides a software-as-a-service platform designed to improve patient care in hospitals. Founded in 2016 and headquartered in San Mateo, California, the platform leverages existing IT data to describe patient journeys and predict potential bottlenecks, such as recovery bed shortages and cancellations. By employing machine learning, Carta Healthcare enables hospitals to personalize care, allowing them to identify past patients with similar profiles and analyze their experiences. This approach enhances the efficiency and quality of healthcare data management by combining artificial intelligence with skilled human expertise, facilitating more effective and cost-efficient data abstraction for health systems.
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