LifeNexus

About LifeNexus

LifeNexus, founded in 2005, operates in the healthcare technology sector with a focus on personal health records (PHR). The company's core offering is the Personal Health Card, which utilizes a proprietary, patented microcomputer called the iChip™ to store an individual's comprehensive health information. This card, designed to be carried in a wallet like a credit card, allows consumers to securely maintain and control their own medical data, including history, prescriptions, allergies, insurance details, and emergency contacts for themselves and their families. A key differentiator is that the data is stored directly on the encrypted, password-protected chip and is not held on a web-based server, addressing privacy and security concerns that have historically hindered PHR adoption.

The business model targets individuals as well as enterprise clients such as employers, insurers, and government entities. For individual users, the card provides a convenient way to present medical information at the point of care. For healthcare providers, LifeNexus offers a Rapid Admissions System terminal, allowing them to access patient-authorized information, which can be viewed, printed, or exported to their Electronic Medical Record (EMR) systems. The platform is designed to improve quality metrics for health plans, such as Star ratings and HEDIS measures. The company also integrated payment functionality into the card, collaborating with financial entities like MasterCard and Visa. This allows the card to function as a prepaid, debit, or credit card, enabling users to manage health-related expenses like co-pays.

The company's journey began with the transfer of intellectual property for 'smart' health records from Lifestream Technologies in 2005. Christopher Maus, then CEO of Lifestream, was involved in the early development. Over the years, LifeNexus has secured significant funding, including a $2.2 million round from 16 investors in 2012 and a Series A round in 2014 led by Camden Partners with participation from Cambia Health Solutions and Mosaic Health Solutions. By 2014, the company, led by CEO David R. Strand, had raised a total of $26.6 million over 10 rounds. In 2015, LifeNexus launched the iChip Mobile App to complement its card-based system.