Edumedics

Edumedics offers an innovative health care delivery model for populations like self-insured employers and Medicare Advantage groups. They put Nurse Practitioners face-to-face with individuals who have the daily challenge of managing diabetes and other chronic conditions-or who are trending in that direction. The Edumedics clinical team uses the com... pany's proprietary Healthward technology at the point of care. Results over the past four years show the company's delivery model has clearly improved health and reduced costs for the groups they serve-up to a 15% reduction in yearly costs for clients enrolled in their programs, with significant improvement in clinical outcomes. For one client, diabetes improvement exceeded 52% among the most at risk members. The company was founded in 2010 by Alice Shade and Dr. Richard Goldstein. While working at physician services company UPA Services and the University of Louisville respectively, the founders recognized that employees with chronic conditions - such as diabetes and hypertension - often account for up to 75 percent of a company's medical costs, yet did not o ften times receive the necessary and appropriate care to best manage their condition. They developed the initial Intellectual Property while working on the problem for U of L's employees, and later licensed the technology and spun out the company to deliver care to other populations. Mark Crane, a Louisville-based health care executive and former E&Y Entrepreneur of the Year, joined Edumedics as COO in August, 2014 and helped lead the company's $4.2M Series A financing. Crane worked closely with Louisville-based Venture First to identify and secure the group of investors, which includes both local and national players.Read More