Philadelphia, PA (January 6, 2020) – Repisodic, a healthcare technology company, announces a $1.75 million seed round led by American Enterprise Ventures, LLC, a division of American Enterprise Group, Inc. (AEG). Repisodic provides clinical technology solutions to help patients, families, and caregivers navigate care transitions from the hospital and post-acute care settings with a personalized experience.
“We have built a technology platform that has categorically changed the way discharge planners manage their day-to-day patient workload with an intuitive and modernized approach to discharge,” said Repisodic CEO Mike Cwalinski. “Having a partner like American Enterprise Ventures will allow us to strengthen our market position and scale the business, both organizationally and technologically.”
Repisodic’s platform is used by discharge planners to provide patients with the tools they need to evaluate, understand, and confidently choose post-acute care and other follow-up care services for when they leave the hospital or other care setting. The platform reduces hospital length of stay, increases use of preferred networks, high-quality healthcare providers, and services, and increases patient satisfaction throughout the discharge and care transition process.
The Repisodic executive management and founding team is comprised of accomplished medical and business leaders with years of experience working in hospitals and health systems, population health, and transitions of care.
“Repisodic is a fantastic add to our ecosystem of solutions supporting and expanding our customer experience. We feel the solution fills a gap in our Short-Term Care insurance market and will help transform our interactions with our customers. The company and its founders have the stamina to grow the platform nationwide, and we are excited to be part of that growth,” said Julie Pearce, Director of Innovative Solutions for American Enterprise Ventures.
Repisodic has penetrated the market for discharge planning tools, securing major enterprise clients at leading health systems, and leveraging the technology application in other healthcare settings. With the new investment, the company expects to recruit and hire experienced sales, marketing, and technology personnel in Q1 2020.
About American Enterprise Group, Inc.
American Enterprise Group, Inc., has multiple insurance company subsidiaries under the American Republic®, Great Western Insurance Company (GWIC®), and Medico® brands. These companies offer life and health insurance product solutions to help people secure their financial futures through various distribution channels and are licensed in 49 states plus the District of Columbia. American Enterprise is based in Des Moines, Iowa, and employs approximately 450 people in its Des Moines, Iowa; Omaha, Nebraska; and Ogden, Utah offices.
About American Enterprise Ventures, LLC
American Enterprise Ventures, LLC is a venture capital company backed by American Enterprise Group, Inc. American Enterprise Ventures’ investment strategy focuses on early- stage startups in the insurance, finance, and healthcare industries. With initial investments of up to $1 million, American Enterprise Ventures’ funds are typically made in seed to Series A round startups. For more information, visit www.americanenterprise.com/aeventures.
