Martin Ventures leads funding of doc venture
Integrated network launching in San Antonio with 250+ participants, eyeing other markets
Local investment firm Martin Ventures is funding a startup physician network in San Antonio that relies heavily on care navigation and a technology platform that crosses electronic medical records boundaries.
Martin Ventures has led the $4.5 million funding round for Wellvana, which will launch with more than 250 primary care physicians and specialists. Other investors in the company include San Antonio doctors Salah Jaafar and Jairo Melo. Jaafar is a physician partner at the company while Melo is its chief medical officer. Martin Ventures advisor Michael Platek (pictured) is the venture’s CEO and will oversee San Antonio and plans to expand Wellvana’s model into other cities.
“Wellvana focuses on aligning all its providers to deliver high-quality care to the patient, when care is needed,” Martin Ventures founder Charlie Martin said in a statement. “The promise of Wellvana is strong physician leadership, specifically physicians who can partner with primary care providers and specialists they know and trust.”
Martin and members of his team are very familiar with San Antonio. When they led Vanguard Health Systems before selling to Tenet Healthcare in 2013, the Alamo City accounted for five of that company’s 26 hospitals.
Key to Wellvana’s work with self-insured employers and its ability to lower costs and improve care quality will be its Visualize Health data integration platform, which connects to most EMR systems, and the Wellvana Navigate care coordination system, which the company says will act as “a virtual front door” to hospitals and other provider facilities. Wellvana will not have its own bricks-and-mortar facilities network.
In addition to Martin, Jaafar and Melo, Martin Ventures CEO Devin Carty is a board member of Wellvana.