Picwell – Healthcare Analytics startup raises $ 3 million


As per the SEC filing, Picwell raised another $3 million funding before the holiday season started. Here is a SEC webpage depicting the same – Picwell SEC Filing

Picwell is known for its analytics solutions in healthcare arena specifically related to choosing right healthcare insurance for the individual and the family.  Most of the company’s staff is located at 2200 Arch St., but Picwell has an office in Washington, D.C. Picwell provides the following services –

  1. predicting a consumer’s health needs,
  2. estimating RealCost™,
  3. assessing risk tolerance levels,
  4. evaluating network value and considering lifestyle preferences

This is just a start of new year where venture capitalists are getting into healthcare analytics at deeper levels and the trend is supposed to continue for entire year. With this $3 million funding, Picwell has gone beyond total funding of $7 million.

Picwell’s previous investors include:

  • Trevor Fetter, Chairman and CEO of Tenet Healthcare
  • Kevin Hill, Partner at KCH Investments, former Executive Vice President of Sales and Business Strategy at Oxford Health Plans LLC, and former CEO of United Healthcare’s Northeast business line
  • Andrew Kress, Founder of HealthVerity and former CEO of SDI Health
  • Paul Kusserow, CEO of Amedisys, former Chief Strategy Officer of Humana and Senior Vice President of Corporate Strategy and Ventures of Tenet Healthcare
  • Bruce Perkins, former President, Health and Well-being Services for Humana