Investment from Providence Ventures Supports Series A Funding
Nashville, TN — (BUSINESS WIRE) – Trilliant Health, an analytics and data science company that empowers healthcare providers to create and execute data-driven strategies to maximize revenue and market share growth, today announced they have added Providence Ventures to their list of investors, joining Noro-Moseley Partners, Martin Ventures, Nashville Capital Network, and NueCura Partners.
Trilliant Health, a long-term partner of Providence St. Joseph Health, will use the funding to continue building its data science and technology teams to enhance the capabilities of its analytics platform. The Trilliant analytics platform uses advanced data science to combine claims data, household data, and user-generated data from digital marketing campaigns to support healthcare systems for strategy, site selection, M&A, payer negotiations, physician relationship management, marketing, and employer relationship management. Today, the company works with over 65 healthcare systems across the nation to build and execute on their growth strategies.
“Trilliant Health turns analytics into highly differentiated insights and intelligence to help healthcare providers better understand their individual market dynamics,” said Jeff Stolte, Sr. Partner at Providence Ventures. “As is typical of our investment model, we built conviction around this investment by closely observing our Providence St. Joseph Health operating colleagues select Trilliant, based on its unique differentiation and the company’s strong partnership orientation.”
“Trilliant is thrilled to be expanding our relationship with the Providence family,” said Hal Andrews, President & CEO of Trilliant Health. “In an environment of rising expenses, relentless reimbursement cuts, and growing competition, healthcare providers need strategies to find the most efficient and effective solutions for growth more than ever. Our analytic insights make Trilliant the ideal growth partner for health systems and other healthcare providers. Having the financial support of Providence Ventures will help us execute our goals more rapidly.”
About Trilliant Health
Trilliant Health is an analytics and data science company that empowers intelligent patient acquisition. By synthesizing all-payer claims, household, and patient-generated data, Trilliant Health provides a comprehensive view into market dynamics that enables healthcare providers to find the most efficient and effective solutions for growth in their markets. For more information, please visit trillianthealth.com.
About Providence Ventures
Providence Ventures was founded in 2014 to manage a $150 million venture capital fund on behalf of Providence St. Joseph Health. The fund is designed to achieve venture class returns through direct investments in innovative healthcare companies that improve quality and convenience, lower cost, and improve health outcomes. Providence Ventures offers investment capital, combined with health system expertise, to companies addressing existing and emerging pain points in healthcare. Providence Ventures partners with our portfolio companies to refine existing solutions, while expanding their adoption within, and beyond, our health system. For more information, please visit providenceventures.org.