Health Care Analytics Startup Expression Health Analytics Raises $315,000 in Seed Funding
Expression Health Analytics providing investment grade analytics to accelerate business growth, raises seed round from NueCura Partners, TN
NASHVILLE, Tenn., Oct. 17, 2016 /PRNewswire/ -- Expression Health Analytics helps health care organizations succeed in rapidly changing markets by providing purpose-built, analytic insights needed for business growth strategies. Using a big data platform, data from monthly national multi-payer claims and other data sources and data science, they provide answers to their clients' most complex business questions without the need for data analysts or sophisticated IT. The money raised will allow Expression Health to scale its technology and expand its staff for continued growth. "The health care market is undergoing an evolution unlike any other time we've seen, and Expression Health's analytics are helping health providers understand the complex market forces that impact their business and speed their time to value," said Don Lazas, Founder and Managing Partner with NueCura Partners. "We are incredibly excited to be backing Expression Health Analytics as they continue to grow and impact health care."
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Outpatient health care markets are experiencing (1) consolidation of fragmented outpatient and post-acute companies; (2) introduction of new outpatient and retail providers and settings, and (3) new alignment of providers and payors, among many other changes. "Provider in these markets not only lack the robust outpatient data needed to understand these market dynamics, they do not have the resources and expertise that are required to create ready-to-use analytics for constructing effective, efficient growth strategies," says Jeff McDonald, Co-Founder and President of Expression Health. "Our focus on outpatient markets allows us to leverage our data sets and data science techniques to go beyond describing market share and provider referral patterns. Our predictive and prescriptive analytics build a deeper and richer level of market understanding."
Karl Rebay, Director of the Strategy Practice in the Health Care Consulting Group at Moss Adams, LLP, a Certified Public Accounting and Business Consulting firm said, "Expression Health's analytics have brought real value to our work. Our hospital clients often use their own internal data however they have limited visibility into the business activities occurring outside their walls. The ability to have a granular level of detail about health providers and consumers allows us to design data-driven, targeted strategies that work on behalf of our clients."
About Expression Health Analytics
Expression Health Analytics helps health care organizations succeed in rapidly changing markets by providing purpose-built, subscription-based analytic insights needed for business growth strategies. Using a big data platform, over 10TB of data, data science and interactive business visualizations, our analytics answers clients' most complex business questions without the need for data analysts or sophisticated IT. Founded in 2015, the company is headquartered in Nashville, TN. For more information, visit www.expressionhealth.com
About NueCura Partners, LLC
NueCura Partners, LLC is a Nashville-based angel investment group that focuses on early-stage investment opportunities in the healthcare sector. NueCura is managed by seasoned healthcare business operators and leverages their experience to identify and finance breakthrough technologies in the healthcare space. www.nuecura.com
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