Providence Health & Services

Providence Health & Services is the third largest not-for-profit health system in the United States, dedicated to meeting the healthcare needs of communities, particularly those who are poor and vulnerable, across Alaska, California, Montana, Oregon, Texas, and Washington. This Catholic health care system operates multiple hospitals and numerous non-acute facilities, including physician clinics, long-term and assisted living, palliative and hospice care, and home health services. With a workforce of over 73,000 caregivers, Providence Health & Services provides a comprehensive range of medical services from birth to end of life. The organization also emphasizes virtual healthcare, offering specialized care in areas such as cancer, heart health, neurosciences, orthopedics, primary care, pediatrics, and maternity care, ensuring patients have access to treatment seven days a week.

Jennifer Burrows

CEO

Debra Canales

Executive Vice President, chief people and experience officer

Alice Galstian

CFO

Joel Gilbertson

EVP and Chief Executive, Washington and Montana

Rod Hochman

President and CEO

Nick Hopkins

Vice President, Compensation and Executive Recruiting

Max Kashner

Principal Product Manager

Armine Manukian

Interim Director, Patient Financial Services

Erik Wexler

President and COO

12 past transactions

Truveta

Series C in 2025
Truveta is a healthcare data platform that collaborates with physicians, life science researchers, and various stakeholders in the healthcare community. The company focuses on aggregating and de-identifying medical records from its partner organizations, enabling it to provide valuable insights into treatment outcomes and health factors. Initially concentrating on COVID-19, Truveta aims to accelerate medical research, empower clinicians with expert knowledge, and assist families in making informed healthcare decisions. By connecting treatments with results, Truveta enhances the understanding of health data to drive improvements in patient care.

Truveta

Series A in 2021
Truveta is a healthcare data platform that collaborates with physicians, life science researchers, and various stakeholders in the healthcare community. The company focuses on aggregating and de-identifying medical records from its partner organizations, enabling it to provide valuable insights into treatment outcomes and health factors. Initially concentrating on COVID-19, Truveta aims to accelerate medical research, empower clinicians with expert knowledge, and assist families in making informed healthcare decisions. By connecting treatments with results, Truveta enhances the understanding of health data to drive improvements in patient care.

Performance Health Technology

Acquisition in 2018
Performance Health Technology, Ltd. is a provider of business process outsourcing services focused on the healthcare sector. Founded in 1996 and headquartered in Salem, Oregon, the company specializes in claims processing and payment support for provider-sponsored health plans. Performance Health Technology offers a range of services, including benefit and reimbursement configuration, encounter data management, care management, and utilization management. Additionally, the company supports community-based health plans tailored for Medicare and Medicaid populations, facilitating efficient care delivery and management through its comprehensive solutions. As of early 2019, it operates as a subsidiary of Providence Plan Partners.

Xealth

Seed Round in 2017
Xealth Inc. is a digital health company that has developed a comprehensive platform enabling clinicians to integrate, prescribe, and monitor various digital health tools and programs directly from electronic health record (EHR) workflows. Founded in 2016 and based in Seattle, Washington, Xealth's platform allows care teams to efficiently order digital health solutions for patients, facilitating seamless communication through email or patient portals. The platform also provides functionality for monitoring patient engagement and analyzing the impact of these tools on patient outcomes. Additionally, Xealth supports non-clinical services, such as ride-sharing and food delivery, enhancing the overall patient experience and promoting greater utilization of digital health resources.

AVIA

Series C in 2016
AVIA Inc. is a digital transformation partner for healthcare organizations, founded in 2012 and based in Chicago, Illinois. The company specializes in developing a knowledge-sharing and collaboration platform that offers market intelligence, collaborative tools, and results-based consulting services. AVIA aims to address the strategic challenges faced by healthcare providers by facilitating access to a network of health systems and strategic partners. Their platform allows healthcare leaders to research, evaluate, and select digital health solutions, while also engaging with expert consultants to guide them through the digital transformation process. This comprehensive approach enables healthcare enterprises to innovate and achieve digital success effectively.

Medicast

Acquisition in 2016
Medicast is a technology platform designed to assist hospitals and healthcare systems in delivering personalized care directly to patients in their homes. Founded on the principle that health begins at home, Medicast connects patients with physicians to facilitate on-demand healthcare services, including scheduling in-person house calls and virtual visits. The platform is recognized as the only mobile-first logistics and management solution for such care delivery, developed through collaboration with both patients and healthcare providers. Medicast's user-friendly technology enhances provider efficiency and utilization while improving satisfaction for both patients and providers.

Lyra Health

Series A in 2015
Lyra Health operates a digital health platform that enhances mental health care for employees by connecting them with a curated network of therapists and coaches. Founded in 2015 and based in Burlingame, California, Lyra uses matching technology to pair individuals with suitable providers based on their needs and preferences. The platform offers live video therapy, coaching, and digital self-care tools, ensuring faster access to care and better outcomes compared to traditional plans. Lyra assesses treatment effectiveness using clinical measures like the PHQ-9 and GAD-7 for conditions such as anxiety and depression. This approach results in significantly more people receiving care and achieving improved mental health outcomes.

Binary Fountain

Series A in 2015
Binary Fountain Inc. is a healthcare-focused technology company based in McLean, Virginia, founded in 2003. It offers an online platform designed to help healthcare facilities manage patient feedback through online ratings, reviews, and surveys. The platform utilizes cloud-based technology and natural language processing to extract actionable insights from various data sources, including social media and customer surveys. Its key offerings include the Provider Social Index, which provides healthcare executives with real-time aggregated scores to evaluate physicians' performance in patient experience, and Binary Star Ratings, which enhance consumer engagement by publishing patient experience ratings. By distilling customer feedback into operational intelligence, Binary Fountain enables healthcare organizations to improve patient satisfaction, loyalty, and ultimately drive sustainable business results. As of October 2020, Binary Fountain operates as a subsidiary of Press Ganey Associates, Inc.

Kyruus

Series C in 2015
Kyruus, Inc. is a Boston-based company that develops web-based software solutions aimed at optimizing physician networks for hospitals, health systems, and life science companies. Founded in 2010, Kyruus offers a suite of analytically driven products designed to enhance provider search and scheduling, ensuring that patients are matched with the most suitable healthcare providers. Key offerings include Kyruus Passport, which allows physicians to track their activity and productivity, and Kyruus Profiles, which enables administrators to analyze physician performance metrics. Additionally, the company provides Kyruus MDSeekyr, a platform for identifying high-value providers, and Kyruus Insight Reports, which help executives evaluate network activity and performance trends. By leveraging a proprietary provider data management platform, Kyruus enhances patient engagement and aligns provider supply with patient demand, ultimately improving the overall healthcare experience. Kyruus also maintains offices in San Francisco and New York.

Omada

Series C in 2015
Omada Health, Inc. is a digital healthcare company that specializes in developing online programs aimed at managing chronic conditions. Founded in 2011 and headquartered in San Francisco, California, with an additional office in Atlanta, Georgia, Omada focuses on preventing conditions such as prediabetes, diabetes, hypertension, and heart disease. The company provides personalized digital health programs that cater to the unique needs of individuals, utilizing professional health coaching, connected health devices, and real-time data to facilitate meaningful health improvements. Omada is recognized as the largest provider of the National Diabetes Prevention Program, empowering individuals to engage actively in their health and achieve sustainable lifestyle changes. The platform also addresses behavioral health issues, including anxiety and depression, further supporting individuals in their overall wellness journey.

AVIA

Series B in 2015
AVIA Inc. is a digital transformation partner for healthcare organizations, founded in 2012 and based in Chicago, Illinois. The company specializes in developing a knowledge-sharing and collaboration platform that offers market intelligence, collaborative tools, and results-based consulting services. AVIA aims to address the strategic challenges faced by healthcare providers by facilitating access to a network of health systems and strategic partners. Their platform allows healthcare leaders to research, evaluate, and select digital health solutions, while also engaging with expert consultants to guide them through the digital transformation process. This comprehensive approach enables healthcare enterprises to innovate and achieve digital success effectively.

AVIA

Series B in 2014
AVIA Inc. is a digital transformation partner for healthcare organizations, founded in 2012 and based in Chicago, Illinois. The company specializes in developing a knowledge-sharing and collaboration platform that offers market intelligence, collaborative tools, and results-based consulting services. AVIA aims to address the strategic challenges faced by healthcare providers by facilitating access to a network of health systems and strategic partners. Their platform allows healthcare leaders to research, evaluate, and select digital health solutions, while also engaging with expert consultants to guide them through the digital transformation process. This comprehensive approach enables healthcare enterprises to innovate and achieve digital success effectively.
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