Medventive

About Medventive

Medventive, founded in 1997 by Jonathan M. Niloff and formerly known as Provider Service Network, operates as a provider of population and risk management solutions for the healthcare sector. The company was established to address the critical challenge of improving patient care while managing costs, spinning out in 2005 as a commercial entity from its origins within the CareGroup network. Its business model centers on providing Software-as-a-Service (SaaS) tools that enable physician groups, health plans, and self-insured employers to analyze and manage the quality, cost, and efficiency of healthcare delivery. This facilitates the transition for organizations from a fee-for-service payment model to risk-based contracting, a crucial shift for entities like Accountable Care Organizations (ACOs).

The company's offerings include two primary software solutions: Medventive Population Manager and Medventive Risk Manager. The Population Manager serves as a clinical integration and population management tool, while the Risk Manager is designed to help clients analyze and improve cost and quality challenges. These platforms provide capabilities in quality management, pharmacy management, and point-of-care decision support, ultimately tracking clinical measures and delivering patient-specific intervention recommendations. By identifying gaps in patient care, the software delivers actionable information to physicians and care teams, enabling proactive management of at-risk patient populations.

Medventive secured significant financial backing, raising a total of $36.3 million over seven funding rounds from investors including Ascension Ventures, HLM Venture Partners, and Excel Venture Management. A pivotal moment in the company's history was its acquisition by McKesson Corporation in September 2012 for an undisclosed amount. The acquisition was a component of McKesson's "Better Health 2020" strategy, aimed at enhancing patient safety and improving clinical and financial outcomes. Following the acquisition, Medventive's solutions were integrated to complement McKesson's Enterprise Intelligence software suite. The company is now part of Change Healthcare. Nancy Ham, a recognized leader in healthcare IT, served as President and CEO of Medventive prior to its acquisition, guiding the company's growth and success.