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November 02, 2016 01:00 AM

UCHealth invests in tech-enabled workplace wellness provider Catapult Health

Joseph Conn
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    Catapult Health, a provider of technology enhanced workplace health visits, has announced an investment from UCHealth, Denver, part of a $10 million round of follow-on investment.

    The portion of the “significant” investment by UCHealth or what size of a stake in Catapult the seven-hospital, 100-clinic healthcare system obtained were undisclosed, but UCHealth is the largest investor in this second round, according to David Michel, the company's co-founder and CEO.

    Other investors in the Series B round are Michel; his wife, Deborah, who is a co-founder and board secretary of the company; Jeffrey Smith, its chief technology officer; and Health Enterprise Partners, a New York private equity firm. The company will use the money to grow and hire more certified nurse practitioners.

    "UCHealth's community wellness strategy is focused on working with employers and payers to keep people healthy in addition to caring for them when they have health concerns," said Dr. Bill Neff, chief medical officer at UCHealth, in a news release (PDF). "Catapult's concentration on preventive medicine and checkups delivered at worksites allows employers to reduce employee health risks and more effectively manage chronic disease."

    Catapult already works with several other healthcare organizations, typically providing workplace wellness exams to their employees, David Michel said in an interview. “They also use us to reach out to their communities” in a co-branded service with that healthcare organization, he said.

    Its service is part of an ongoing effort by employers to constrain soaring healthcare costs by bringing healthcare into the workplace.

    The Catapult model uses a team of nurses who travel to an employer's workplace to do basic clinical tasks such as taking employees' vital signs, medical histories and blood work. Then, each employee sits for a telehealth visit with a nurse practitioner in Texas. All told, each encounter takes about 30 minutes and costs $130, Michel said.

    “We're delivering basic preventive care at about half the cost of a typical checkup and it's more efficient, taking 30 minutes instead of half a day,” Michel said.

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    • News
      • Current News
      • Providers
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      • Finance
      • Technology
      • Safety & Quality
      • Digital Health
      • Transformation
        • Patients
        • Operations
        • Care Delivery
        • Payment
      • ESG
      • People
      • Regional News
        • Midwest
        • Northeast
        • South
        • West
      • Digital Edition (Web Version)
    • Opinion
      • Bold Moves
      • Breaking Bias
      • Commentaries
      • Letters
      • Vital Signs Blog
      • From the Editor
    • Events & Awards
      • Awards
        • Nominate/Eligibility
        • 100 Most Influential People
        • 50 Most Influential Clinical Executives
        • Best Places to Work in Healthcare
        • Excellence in Governance
        • Health Care Hall of Fame
        • Healthcare Marketing Impact Awards
        • Top 25 Emerging Leaders
        • Top Innovators
        • Diversity in Healthcare
          • - Luminaries
          • - Top 25 Diversity Leaders
          • - Leaders to Watch
        • Women in Healthcare
          • - Luminaries
          • - Top 25 Women Leaders
          • - Women to Watch
      • Conferences
        • Digital Health Transformation Summit
        • ESG: The Implementation Imperative Summit
        • Leadership Symposium
        • Social Determinants of Health Symposium
        • Women Leaders in Healthcare Conference
      • Galas
        • Best Places to Work Awards Gala
        • Health Care Hall of Fame Gala
        • Top 25 Diversity Leaders Gala
        • Top 25 Women Leaders Gala
      • Virtual Briefings
        • - Hospital of the Future
        • - Value Based Care
        • - Hospital at Home
        • - Workplace of the Future
        • - Digital Health
        • - Future of Staffing
        • - Hospital of the Future (Fall)
      • Webinars
    • Multimedia
      • Podcast - Beyond the Byline
      • Sponsored Podcast - Healthcare Insider
      • Video Series - The Check Up
      • Sponsored Video Series - One on One
    • Data Center
      • Data Center Home
      • Hospital Financials
      • Staffing & Compensation
      • Quality & Safety
      • Mergers & Acquisitions
      • Data Archive
      • Resource Guide: By the Numbers
      • Surveys
      • Data Points
    • Newsletters
    • MORE+
      • Contact Us
      • Advertise
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