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Corporation
HEALTHCARE | Medical Facilities & Services / Hospitals
froedtert.com

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Investments

7

Partners & Customers

10

About Froedtert Health

The Froedtert & the Medical College of Wisconsin regional health network is a partnership between Froedtert Health and the Medical College of Wisconsin. It comprises eastern Wisconsin's only academic medical center, Froedtert Hospital, Milwaukee; Community Memorial Hospital, Menomonee Falls; and St. Joseph's Hospital, West Bend. The health network also includes more than 2,000 physicians across 25 primary and specialty clinical locations representing the collaboration of Wisconsin's largest multispecialty physician practice with a community-based physician group.

Froedtert Health Headquarters Location

9200 W. Wisconsin Ave.

Milwaukee, Wisconsin, 53226,

United States

414-805-3666

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Froedtert Health Web Traffic

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Latest Froedtert Health News

5 leaders on their system's most valuable patient experience strategy this year

Aug 16, 2022

Erica Carbajal - Tuesday, August 16th, 2022 To combat a patient experience crisis , health systems have doubled down on the basics and streamlined communication with patients over the last year. Becker's asked leaders to share the most valuable patient experience initiative their systems have rolled out in the last year. Five responses:  Editor's note: Responses are lightly edited for clarity and length. They are presented in alphabetical order. Steve Basilotto. Chief Experience Officer at Froedtert Health (Milwaukee): The Froedtert & the Medical College of Wisconsin health network recently launched a program, Every Moment Matters, to help support and connect our caregivers and physicians to our shared values as individuals and as an organization. Every Moment Matters is based on years of our own research about what our patients, visitors, staff and physicians value and expect from their interactions with Froedtert & the Medical College of Wisconsin health network. The program is leader-led and drives important conversations in the organization. Quarterly toolkits provide leaders with a variety of resources – videos, engagement activities, best practices and opportunities for recognition – that they can use as they help their teams reflect on what's important at those moments of truth in the workday or in the course of providing care. It's very early, but we're seeing our leaders pick it up and run with it, integrating the content into team huddles and key processes in the organization. We are looking forward to building on the foundation we've created and really having the program grow to be a centerpiece of our culture, alongside our enterprise values. Taylor Hamilton. Chief Consumer Officer at Ballad Health (Johnson City, Tenn.): In the last year, we have worked hard to develop and launch an app and website that simplify the consumer experience. We've mapped out touchpoints in their journeys to ensure patients get the information and direct interactions they need — so they can book appointments, initiate virtual visits, pay bills, message providers, access their records and more — all from their phones or computers. Still, we do not want these technological advancements to come at the expense of personal connections. By putting basic interactions at our patients' fingertips, we've been able to invest in more availability for our team members to focus on what matters most — spending time with our patients to learn their stories, educate them on their health and become part of their lives. James Moses, MD. Senior Vice President of Quality, Safety and Patient Experience at BHSH Spectrum Health West Michigan (Grand Rapids): We've seen an increase in performance in HCAHPS in the communication about medications domain. We were able to deploy a plain language resource guide within our EMR and engage through experiential learning using empathy-based exercises that reinforce the importance and value of activating our patients with knowledge about their care. Implementing these practices has led to improved scores in 63 percent of nursing units, and nurses speak positively about the approach: "That was so easy, everything I need is right there" and "I love that it narrows down the side effects, so my patient can better focus on what I am telling them. "  Amy Searls. Chief Experience Officer at Prime Healthcare (Ontario, Calif.): Prime Healthcare is very cognizant that this last year has been incredibly stressful for our staff and caregivers, and importantly, our patients and their families. Being mindful of the burnout, compassion fatigue and staffing challenges facing our industry, the last thing we would want to do is roll out a new initiative. Instead, Prime Healthcare continued our focus on employee mental health and wellness and compassionate caregiving. Our staff pride themselves on developing connections with patients and discovering one thing beyond their diagnosis that creates a caring relationship. Effective caring promotes health. This helps us create a resilient workforce and healthier communities. Judith Welsh, MD. Enterprise Associate Chief Experience Officer and Academic Emergency Physician at Cleveland Clinic: Plan of care visits. It's when we bring together the providers (the physician, the fellow, the advanced practice provider) along with the nurse and the patient to the bedside, and our expectation is that everyday, every single patient will have a plan of care visit. The goal of the plan of care visit is really tridirectional communication; the patient expressing what's most important to them, the nurse being heard and listened to and being able to express their concerns and updates, and then the provider updating everyone so that they're all on the same page. We very intentionally stopped chasing scores over the last year or so. It just stopped being the No. 1 priority. We really wanted to focus on effective communication and knew that if we did the right thing — which is these open communication lines — and we were very intentional about how we did it, that we were going to end up with the outcomes that were most important to the patients and organization.

Froedtert Health Investments

7 Investments

Froedtert Health has made 7 investments. Their latest investment was in STAQ Pharma as part of their Series C on March 3, 2022.

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Froedtert Health Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

3/7/2022

Series C

STAQ Pharma

Yes

2

9/21/2021

Series B

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$99M

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10

9/10/2021

Series B

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$99M

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10

12/8/2020

Unattributed VC

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$99M

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10

3/27/2019

Series A

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$99M

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10

Date

3/7/2022

9/21/2021

9/10/2021

12/8/2020

3/27/2019

Round

Series C

Series B

Series B

Unattributed VC

Series A

Company

STAQ Pharma

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Amount

$99M

$99M

$99M

$99M

New?

Yes

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Co-Investors

Sources

2

10

10

10

10

Froedtert Health Acquisitions

2 Acquisitions

Froedtert Health acquired 2 companies. Their latest acquisition was Sensia Wellness on December 02, 2021.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

12/2/2021

$99M

Acquired

2

1/6/2021

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$99M

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10

Date

12/2/2021

1/6/2021

Investment Stage

Companies

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Valuation

$99M

$99M

Total Funding

Note

Acquired

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Sources

2

10

Froedtert Health Partners & Customers

10 Partners and customers

Froedtert Health has 10 strategic partners and customers. Froedtert Health recently partnered with Carbon Health on April 4, 2022.

Date

Type

Business Partner

Country

News Snippet

Sources

4/11/2022

Partner

United States

Carbon Health Partners with Froedtert Health to Bring Innovative Healthcare Choices and Increase Access to Care

The Froedtert Health & the Medical College of Wisconsin regional health network is a partnership between Froedtert Health and the Medical College of Wisconsin supporting a shared mission of patient care , innovation , medical research and education .

2

1/11/2022

Partner

United States

Medical College of Wisconsin Neuroscience Institute Formed to Further Research and Advancements in Treating Neurological Disorders.

The Neuroscience Institute also will expand and align the neuroscience and spine service lines that exist across the affiliated health systems and will work in partnership with MCW 's NRC to advance their research strategy .

1

7/30/2020

Partner

United States

Froedtert and the Medical College of Wisconsin Health Network and Network Health Help Patients Manage Diabetes Using Glooko and Xealth

The Froedtert & the Medical College of Wisconsin regional health network is a partnership between Froedtert and the Medical College of Wisconsin supporting a shared mission of patient care , innovation , medical research and education .

1

6/23/2020

Vendor

United States

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10

5/19/2020

Vendor

United States

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10

Date

4/11/2022

1/11/2022

7/30/2020

6/23/2020

5/19/2020

Type

Partner

Partner

Partner

Vendor

Vendor

Business Partner

Country

United States

United States

United States

United States

United States

News Snippet

Carbon Health Partners with Froedtert Health to Bring Innovative Healthcare Choices and Increase Access to Care

The Froedtert Health & the Medical College of Wisconsin regional health network is a partnership between Froedtert Health and the Medical College of Wisconsin supporting a shared mission of patient care , innovation , medical research and education .

Medical College of Wisconsin Neuroscience Institute Formed to Further Research and Advancements in Treating Neurological Disorders.

The Neuroscience Institute also will expand and align the neuroscience and spine service lines that exist across the affiliated health systems and will work in partnership with MCW 's NRC to advance their research strategy .

Froedtert and the Medical College of Wisconsin Health Network and Network Health Help Patients Manage Diabetes Using Glooko and Xealth

The Froedtert & the Medical College of Wisconsin regional health network is a partnership between Froedtert and the Medical College of Wisconsin supporting a shared mission of patient care , innovation , medical research and education .

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Sources

2

1

1

10

10

Froedtert Health Team

8 Team Members

Froedtert Health has 8 team members, including current President, Chief Operating Officer, Teri Lux.

Name

Work History

Title

Status

Teri Lux

President, Chief Operating Officer

Current

Mark Behl

Chief Operating Officer, Executive Vice President

Current

Eric L Conley

Northwestern Memorial HealthCare

Executive Vice President

Current

Jonathon Truwit

University of Virginia Health System, and University of Virginia

Chief Marketing Officer

Current

David Goldberg

Loyola Medicine

Chief Medical Officer

Current

Name

Teri Lux

Mark Behl

Eric L Conley

Jonathon Truwit

David Goldberg

Work History

Northwestern Memorial HealthCare

University of Virginia Health System, and University of Virginia

Loyola Medicine

Title

President, Chief Operating Officer

Chief Operating Officer, Executive Vice President

Executive Vice President

Chief Marketing Officer

Chief Medical Officer

Status

Current

Current

Current

Current

Current

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