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Phreesia to Accelerate Growth with $16 Million Investment Led by Ascension Health Ventures
Date:5/25/2010

atient check-in process in thousands of physician offices and urgent care centers in the U.S. Its wireless touchscreen pads are used by patients to verify and update demographic and insurance information and provide valuable clinical information that seamlessly integrates into existing practice management and electronic health record systems. Physicians and other stakeholders are able to communicate and engage with patients at the time of care based on the medical condition(s) reported during the check-in process.

Victor Kats at AHV said, "This investment reinforces our belief that Phreesia is addressing a significant need for improved capture of clinical and demographic information at the point of care. By giving providers access to clinical tools that help meet emerging "meaningful use" requirements and that share vital patient information across venues of care, Phreesia is adding value for multiple stakeholders. We're proud to partner with an innovative and fast-growing healthcare company such as Phreesia."

Established in 2001 by Ascension Health, AHV closed a second fund in 2007 with $200 million in commitments from Ascension Health, Catholic Health East, Catholic Health Initiatives and Catholic Healthcare West. These health systems serve their communities through over 200 acute care hospitals and hundreds of outpatient facilities across 38 states and the District of Columbia.

About Ascension Health Ventures

Ascension Health Ventures was launched in 2001 as a wholly-owned subsidiary of Ascension Health. AHV's role has been to construct and manage a strategic portfolio of investments that deliver a venture investment return, have the potential to transform the healthcare industry and significantly enhance the quality of patient care. CHV
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SOURCE Phreesia
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