Livio Health Group Announces Close of Early Stage Investment Funding

Mobile urgent and primary care provider receives backing from Blue Cross and Blue Shield of Minnesota

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Blue Cross and Blue Shield of Minnesota

Jun 22, 2016, 12:00 ET

ST. PAUL, Minn., June 22, 2016 /PRNewswire-USNewswire/ -- Livio Health Group, a startup company that provides mobile, on-site urgent and primary care to facilities and residences, announced today that it closed an early-stage funding round with Blue Cross and Blue Shield of Minnesota (Blue Cross). The funding will enable Livio Health Group to increase its market presence and continue to bring access to vital health care services, such as the ability to diagnose, treat, refer, prescribe and dispense medications on-site to Minnesotans in a convenient manner.

"The opportunity to collaborate with Blue Cross allows us to expand our footprint and reach those who are most in need of health care services," said Mike Nathan, founder and CEO of Livio Health Group. "We know more frequent, lighter, routine medical care reduces complications and long-term costs, which is why we're making access easier – by setting up on-site clinics in non-traditional settings to serve multiple patients – so they have a better quality of life."

Nathan founded Livio Health Group in 2015 after a frustrating health care experience when he realized too many people lacked access to primary care services and appropriate urgent care. Designed to eliminate barriers to health care access and increase patient efficiency, all while driving down the cost of care, Livio Health Group continues to grow with a number of new contracts set to take effect in 2016.

"Blue Cross is proud to invest in an industry pioneer such as Livio Health Group whose long-term vision aligns with our own mission of making a healthy difference in people's lives," said John Uribe, vice president of business development at Blue Cross and Blue Shield of Minnesota. "Livio Health Group has already demonstrated its innovative thinking and results-oriented approach as a key partner in our provider network. As Minnesota's largest health plan, we are committed to investing in emerging business models that can positively impact the health outcomes for thousands of people."

"Our goal is to make health care accessible, easier and more effective," said Jim Olson, president of Livio Health Group. "This patient-focused care model achieves that by providing the medically underserved with faster patient care, which often reduces or eliminates ER and hospital visits, and ultimately leads to better patient outcomes."

About Livio Health Group
Livio Health Group provides mobile primary and urgent care services at non-traditional health care sites. Modeled around a patient-focused health care approach, Livio Health Group provides on-site services that help remove barriers to accessing care and the stress and disruption that accompanies those barriers, with the goal of reducing health care costs through disease management. Mobile response units are deployed with board-certified providers who can assess and treat complex chronic conditions, acute illnesses and injuries, provide preventive care, and medication prescriptions. On-site providers can also give diagnostic tests and physical exams, take lab work and make referrals. Founded in 2015, Livio Health Group has more than 35 employees and is headquartered in St. Paul, Minn. Go to Livio Health Group to learn more.

About Blue Cross and Blue Shield of Minnesota
Blue Cross and Blue Shield of Minnesota, with headquarters in the St. Paul suburb of Eagan, was chartered in 1933 as Minnesota's first health plan and continues to carry out its charter mission today: to promote a wider, more economical and timely availability of health services for the people of Minnesota. A nonprofit, taxable organization, Blue Cross is the largest health plan based in Minnesota, covering 2.9 million members in Minnesota and nationally through its health plans or plans administered by its affiliated companies. Blue Cross and Blue Shield of Minnesota is an independent licensee of the Blue Cross and Blue Shield Association, headquartered in Chicago. Go to bluecrossmn.com to learn more about Blue Cross and Blue Shield of Minnesota.