Visana Health – a virtual-first comprehensive women’s health clinic – recently announced the close of $10.1 million in seed funding co-led by Flare Capital Partners and Frist Cressey Ventures. Also joining the oversubscribed round are InHealth Ventures, Oxeon Partners, Pixel Perfect Ventures, Venture Investors, and others.
Visana’s investors and the organizations they represent comprise over 30 of the nation’s leading healthcare organizations. And they recognize that evidence-based and digital platforms like the one Visana offers are the best way to provide the comprehensive, clinical, and value-focused care women so desperately need.
Visana offers whole-person, inclusive clinical care for many women’s health conditions, including menopause, endometriosis, fibroids, PCOS, contraception, UTIs, and more. Available in all 50 states through health plans and employer benefit plans, Visana offers quality longitudinal medical care from Visana-trained doctors and nurse practitioners.
On average, Visana patients have more than three co-morbidities, representing high-cost cases that demand comprehensive and coordinated management. And through a value-based care model, Visana has improved patient outcomes, demonstrated a 4:1 ROI for health plan and employer partners, and created a world-class experience tailored for women, as illustrated by its patient NPS of +90.
The typical clinical model for women’s healthcare often leads to underdiagnosis, delayed treatment, and ineffective, expensive procedures. And Visana offers the first and only tech-enabled clinical model that enhances patient care by seamlessly integrating high-touch technology and data-driven insights that lead to more efficient diagnoses, personalized treatment plans, and improved health outcomes, including a reduction in the number of unnecessary costly surgeries. Visana’s evidence-based clinical care team model was developed by Chief Medical Officer Dr. Barbara Levy — a renowned and experienced physician who is a passionate advocate for health equity and building care teams that improve the quality of women’s health across all phases of life.
Margaret Malone, principal at Flare Capital Partners, and Olivia Capra, principal at Frist Cressey Ventures, will join the Visana Board of Directors.
KEY QUOTES:
“Most women’s health solutions focus narrowly on maternity and fertility, missing the mark for the 90% of women who aren’t actively building a family. We built Visana to provide women with in-depth care for all phases of life.”
— Shelly Lanning, co-founder and president, Visana
“Our enterprise partners are committed to providing quality care to women, but are experiencing point solution fatigue and frustration at the lack of meaningful improvement in patient outcomes. They view Visana as a complete solution that is uniquely able to engage women where they are and deliver evidence-based care in a seamless model that is proven to reduce costs. We plan to use this funding to develop and build on existing relationships with national health plans and Fortune 500 companies that need a comprehensive solution for women’s healthcare to support the well-being of their female employees and beneficiaries, and contribute to a healthier, more productive workforce and community.”
— Joe Connolly, co-founder and CEO, Visana
“Visana is able to significantly move the needle on clinical outcomes improvement, where we have seen other disparate solutions falling short. The Visana model is a critical partner to existing incumbents in the market that may be more narrowly focused in terms of scope, customer, and clinical services.”
— Margaret Malone, principal, Flare Capital Partners
“We are thrilled to support Visana in its next stage of growth. The health of women and their care experience has long been overlooked. Visana’s virtual clinical care model shows impressive outcomes while reducing costs for employers and health plans. Visana will transform the way women access and receive care.”
— Former U.S. Senate Majority Leader Bill Frist M.D., co-founder and partner of Frist Cressey Ventures
