Enli Health Intelligence

Last updated
Enli Health Intelligence
Company type Private
IndustrySoftware
Founded2001
Defunct2021
FateAcquired by Cedar Gate Technologies
Headquarters Beaverton, Oregon, USA
45°31′53″N122°50′53″W / 45.531261°N 122.8481°W / 45.531261; -122.8481
Key people
CEO, Luis Machuca
ProductsSecure messaging
Revenue~$25 million (2011)
Number of employees
125 (2012)

Enli Health Intelligence was a privately held software company based in Beaverton, Oregon, and previously in Hillsboro, Oregon. Founded in 2001 as Kryptiq Corporation, the company specialized in electronic medical records and secure communications between physicians and patients. The 125-employee company was purchased by Surescripts in 2012, which was a previous investor in the company. Annual revenues at the time of the sale were approximately $25 million. In January 2015, the company announced that it was splitting from Surescripts and becoming independent again. [1] Later in 2015, it was renamed Enli Health Intelligence. In 2021, it was acquired by Cedar Gate Technologies, which discontinued use of the Enli name.

Contents

History

Kryptiq Corporation was founded in 2001 by Luis Machuca, Jeff Sponaugle, and Murali Karamchedu, [2] with the company first housed in Machuca's home. [3] Kryptiq opened its first office in Beaverton, Oregon, in October 2001 after securing $2 million in capital. [4] Kryptiq was founded largely by former employees of Intel Corporation as well as those from eFusion looking to use their encryption experience and expertise to provide secure email for the health care field. [4]

By September 2002, the company had grown to 15 employees and had a board of directors heavy on those with Intel ties, such as Andy Bryant. [4] The company's original production was a subscription-based email add-on that allowed physicians to securely communicate with patients and others and data protected by HIPAA. [4] In July 2003, the company purchased software company RosettaMed, with plans to incorporate their software into Kryptiq's existing programs. [5] In August of that year, Kryptiq finished raising $7.9 million in venture capital from investors such as Voyager Capital and SmartForest Ventures. [6] The company continued with acquisitions in November when it purchased MedShape LLC, allowing Kryptiq to expand into the medical records field. [7] Kryptiq retained all six employees who had developed DocuTrak and RosettaStone. [7] By December 2003, the company had grown to 50 employees and projected to be cash flow positive by the end of 2004. [2]

Former headquarters at the Rock Creek Corporate Center Kryptiq headquarters.JPG
Former headquarters at the Rock Creek Corporate Center

Kryptiq launched CareManager in 2004, a disease management software program. [8] CareManager was developed with Providence Health System, and the program was awarded the e-Health Leadership Award in 2004 by the Disease Management Association of America. [8] Then in January 2004, Kryptiq acquired This Computer Solution Inc. in an all-stock deal. [9] The Vancouver, Washington, company had developed software for managing contracts for health insurers. [9] In January 2005, the company moved from Beaverton to Hillsboro and finished the prior year with 200% growth. [10] By February of that year, Kryptiq had expanded to 60 employees, become a member of the Center for Health Transformation, and added GE Healthcare as a partner. [10]

The company raised $7.1 million in capital in 2005, with investors including SmartForest Ventures, Voyager Capital, and Shelter Capital Partners, with the round closing in April. [11] At the time, Kryptiq was then 65 percent owned by investors. [11] In July 2005, the company announced they would move from the AmberGlen Business Center to a 24,000-square-foot (2,200 m2) space in the Rock Creek Corporate Center along U.S. 26, both in Hillsboro. [12] Shelter Capital Partners, SmartForest Ventures, the Oregon Investment Fund, and others invested another combined $6.6 million in Kryptiq in September 2006. [13]

Company headquarters from 2010 to mid-2016 Kryptiq hq in Amberglen framed - Hillsboro, Oregon.JPG
Company headquarters from 2010 to mid-2016

In March 2007, Kryptiq licensed their Choreo medical records system to The Regence Group in an effort to further penetrate the BlueCross and BlueShield marketplace, [14] with implementation starting in June 2007. [15] Microsoft teamed up with Kryptiq later in 2007 to launch HealthVault, a Microsoft product the later was using to enter the consumer healthcare market. [16] The company sold off its software division that focused on health plan management to Porticio Systems in April 2009. [17] In August 2008, the company bought Secure Network Solutions. [18]

The company announced in June 2010 they would move to the AmberGlen business park [19] into a 22,721-square-foot (2,110.8 m2) space. [20] In October 2010, Surescripts invested in Kryptiq and signed-on to use Kryptiq's secure technology in Surescripts’ products. [21] At the time, Kryptiq had climbed to 90 employees, [21] and the next month secured an $8 million investment related to the Surescripts deal. [22] Growth from the Surescripts deal led to an increase of employees to 120 and a need to add 6,000 square feet (560 m2) of office space. [3]

Surescripts acquired all of Kryptiq in August 2012, which exercised such an option from the prior deal that brought Surescripts in with a 21% ownership stake. [23] [24] At the time of the purchase, Kryptiq had revenues of about $25 million annually and 125 employees. [24]

In January 2015, the company announced that it was splitting from Surescripts and becoming independent again. [1] The company changed its name to Enli Health Intelligence in September 2015. [25] In August 2016, Enli was still headquartered on Amberglen Parkway, [26] in eastern Hillsboro, but by October 2016 it had relocated its corporate headquarters to NW 167th Avenue, in northern Beaverton [27] (a little more than one mile to the east).

In January 2021, Enli was acquired by Cedar Gate Technologies, based in Connecticut. [28] [29] For an unknown period, the new owner retained the Enli name and referred to it as "a Cedar Gate company", [30] but later in 2021 all references to Enli, other than historical references, were removed from Cedar Gate's website.[ citation needed ]

Products

Kryptiq licensed a variety of healthcare related software to both healthcare providers and health insurers. [31] These products included CareManager, DocuSign for Patients, Secure Messaging, Automated Clinical Messaging, Patient Portal, ePrescribing, and others that provided services such as document management. [31] The Secure Messaging program was the backbone of the network utilized by parent company Surescripts, [31] which was used by doctors to share patient records and information electronically. [3] Kryptiq's Patient Portal allowed providers to accept payments from patients over the internet, which totaled almost $10 million in 2011. [3] Customers included Providence Health System, MeritCare Health System, GE Healthcare, and MedStar Health, among others. [31]

Related Research Articles

<span class="mw-page-title-main">Hillsboro, Oregon</span> City in Oregon, United States

Hillsboro is a city in the U.S. state of Oregon and is the county seat of Washington County. Situated in the Tualatin Valley on the west side of the Portland metropolitan area, the city hosts many high-technology companies, such as Intel, locally known as the Silicon Forest. The population was 106,447 at the 2020 census, making Hillsboro the 5th most populous city in Oregon.

<span class="mw-page-title-main">Silicon Forest</span> Nickname for the cluster of high-tech companies near Portland, USA

Silicon Forest is a nickname for the Washington County cluster of high-tech companies located in the Portland metropolitan area in the U.S. state of Oregon, and most frequently refers to the industrial corridor between Beaverton and Hillsboro in northwest Oregon.

Lattice Semiconductor Corporation is an American semiconductor company specializing in the design and manufacturing of low power field-programmable gate arrays (FPGAs). Headquartered in the Silicon Forest area of Hillsboro, Oregon, the company also has operations in San Jose, Calif., Shanghai, Manila, Penang, and Singapore. Lattice Semiconductor has more than 1000 employees and an annual revenue of more than $660 million as of 2022. The company was founded in 1983 and went public in 1989. It is traded on the Nasdaq stock exchange under the symbol LSCC.

Planar Systems, Inc. is an American digital display manufacturing corporation with a facility in Hillsboro, Oregon. Founded in 1983 as a spin-off from Tektronix, it was the first U.S. manufacturer of electroluminescent (EL) digital displays. Planar currently makes a variety of other specialty displays, and has been an independent subsidiary of Leyard Optoelectronic Co. since 2015. The headquarters, leadership team and employees still remain in Hillsboro, Oregon.

<span class="mw-page-title-main">Reser's Fine Foods</span> Corporation in Beaverton, Oregon, US

Reser's Fine Foods, Inc., an American corporation based in Beaverton, Oregon, manufactures and distributes fresh and refrigerated prepared foods. Over 1,000 products are available in the 50 U.S. states, Canada, Guam, Mexico, and areas of the Far East. Its prepared foods are sold in national grocery chains, independent outlets, and convenience stores. Oregon State University's football stadium, Reser Stadium, is named after the company, which is one of its sponsors. Reser’s is also a primary sponsor of Martin Truex Jr. and the #19 Toyota Camry in the NASCAR Cup Series. Reser's consistently ranks in the top ten privately held Oregon companies by annual revenue.

Radisys Corporation is an American technology company located in Hillsboro, Oregon, United States that makes technology used by telecommunications companies in mobile networks. Founded in 1987 in Oregon by former employees of Intel, the company went public in 1995. The company's products are used in mobile network applications such as small cell radio access networks, wireless core network elements, deep packet inspection and policy management equipment; conferencing, and media services including voice, video and data. In 2015, the first-quarter revenues of Radisys totaled $48.7 million, and approximately employed 700 people. Arun Bhikshesvaran is the company's chief executive officer.

<span class="mw-page-title-main">Merix Corporation</span>

Merix Corporation was an American printed circuit board (PCB) manufacturer based in Beaverton, Oregon. Prior to a merger in 2010 with Viasystems, the company had been the 31st largest public company in Oregon based on market capitalization as of 2006. The company is now part of TTM Technologies.

<span class="mw-page-title-main">Pacific University Health Professions Campus</span>

The Pacific University Health Professions Campus is a satellite campus of Pacific University located in downtown Hillsboro, Oregon, United States. Opened in 2006, the campus contains the school's College of Health Professions with plans to move Pacific's College of Optometry and School of Professional Psychology in later phases. Housed in two brick buildings, the campus is located in the city's Health and Education District and adjacent to the Tuality Hospital/Southeast 8th Avenue light rail station. The campus of Tuality Community Hospital is across Baseline Street to the south.

Norm Thompson Outfitters was a privately owned catalog and internet retailer based in Middleton, Massachusetts that was previously based in Hillsboro, Oregon, United States until September 2016. The Norm Thompson offices were closed and consolidated due to Bluestem's acquisition of their parent company, Orchard Brands, in July 2015. Founded in 1949 by Norman A. (Norm) Thompson as a mail order business, it grew to annual sales of $200 million before it was sold to Golden Gate Capital Partners in 2006. The company sells clothing, gadgets, furniture, kitchen items, and gift items from its namesake catalog as well as from its Solutions and Sahalie brands. John Difrancesco serves as president and chief executive of the 500 employee company.

<span class="mw-page-title-main">Kaiser Westside Medical Center</span> Hospital in Oregon, United States

Kaiser Westside Medical Center is a hospital in the Tanasbourne neighborhood in Hillsboro in the U.S. state of Oregon. Opened in August 2013 with 126 hospital beds, the Kaiser Permanente facility is planned to later expand to 174 beds. It was designed by Ellerbe Becket Architects and Petersen Kolberg & Associates Architects/Planners. The $220 million hospital includes Kaiser's Sunset Medical Office that opened in 1987 on the west side of the Portland metropolitan area.

Electro Scientific Industries, Inc. (ESI) is an American high technology company headquartered in the Portland, Oregon, metropolitan area, specifically in Beaverton, Oregon, since 2021, but from 1963–2021, it was based in the unincorporated Cedar Mill area just north of Beaverton. ESI is a developer and supplier of photonic and laser systems for microelectronics manufacturers. Founded in 1944, it is the oldest high-tech company in Oregon. Along with Tektronix, and later Intel, it has spawned numerous technology-based companies in the Portland area, an area known as the Silicon Forest. From 1983 to 2019, shares in the company were publicly traded on NASDAQ, under the ticker symbol ESIO.

<span class="mw-page-title-main">Norm Winningstad</span> American engineer and businessman

C. Norman (Norm) Winningstad was an American engineer and businessman in the state of Oregon. A native of California, he served in the U.S. Navy during World War II before working at what is now Lawrence Berkeley National Laboratory. After moving north to Oregon, he started working for Tektronix before starting several companies in what became the Silicon Forest in the Portland metropolitan area. He founded or helped to found Floating Point Systems, Lattice Semiconductor, and Thrustmaster. Winningstad and his wife were also noted philanthropists in the Portland area, with a theater at the Portland Center for the Performing Arts named in his wife Dolores' honor.

Acumed, LLC is a privately owned medical device manufacturer based in Hillsboro, Oregon in the Portland metropolitan area of the United States. Founded in 1988, the company employs nearly 500 people domestically and internationally who design, manufacture, and market orthopedic implants and surgical devices. The company is a subsidiary of Colson Associates, a spin-off of the Marmon Group, a Berkshire Hathaway company.

Cascade Microtech is a semiconductor test equipment manufacturer based in Beaverton in the Portland metropolitan area of the United States. Founded in 1983, the Oregon-based company employs nearly 400 people. Formerly publicly traded company as CSCD on the NASDAQ, the company is now fully merged with FormFactor, Inc.

<span class="mw-page-title-main">Virginia Garcia Memorial Health Center</span> Nonprofit healthcare provider

Virginia Garcia Memorial Health Center is a non-profit organization that provides primary health care in Washington and Yamhill counties in the U.S. state of Oregon. Established in 1975, Virginia Garcia operates five medical clinics, five dental clinics, one women's clinic as well as six school-based health centers, and is based in Cornelius, Oregon. The organization was founded to provide medical care to migrant and farm workers and those with barriers to care. It was named after the daughter of migrant workers who died after failing to receive medical treatment for an infected cut on her foot. In 2016, Virginia Garcia had revenues of $60 million and served 45,000 patients.

<span class="mw-page-title-main">Portland Incubator Experiment</span> Business incubator in Portland, Oregon, U.S.

The Portland Incubator Experiment, often abbreviated as PIE or PIE PDX or stylized as Pie, is a business incubator based in Portland, Oregon that provides mentorship and resources to select startup companies. Co-founded by Renny Gleeson and Rick Turoczy, PIE is run by the Portland-based advertising agency Wieden+Kennedy (W+K). The program was informally launched in 2009 before converting to a formal structure in 2011. PIE participants are chosen by a selection committee, following an application process. Startups receive seed money and spend three months developing their businesses with support from W+K and participating mentors. Companies that have provided financial assistance and mentorship include The Coca-Cola Company, Google, Intel, Nike, Inc. and Target Corporation.

American Well Corporation, doing business as Amwell, is a telemedicine company based in Boston, Massachusetts, that connects patients with doctors over secure video. Amwell sells its platform as a subscription service to healthcare providers to put their medical professionals online and its proprietary software development kits, APIs, and system integrations enable clients to embed telehealth into existing workflows utilized by providers and patients.

<span class="mw-page-title-main">Oregon Venture Fund</span> Venture capital fund

Oregon Venture Fund makes venture investments in the Portland, Oregon area and throughout Oregon and SW Washington. The fund consists of 180 institutional and angel investors, of whom 85% have run or founded a business. The fund evaluates up to 300 business plans per year, selecting five to seven to invest in annually. In 2018, the fund changed its name from Oregon Angel Fund to Oregon Venture Fund and launched a new $30M fund. Since its inception, Oregon Venture Fund has generated an average annual rate of return of 34% and a return on investment exceeding $3.50 for each dollar invested.

Responsive is a privately owned developer of cloud-based software that automates and streamlines the process of responding to a request for proposal (RFP) based in Beaverton, Oregon. The company also maintains an office in Coimbatore, India. Founded in 2015, the company has expanded rapidly and now has more than 150,000 users worldwide after tripling its user base in 2019 and sustaining growth during the global pandemic. RFPIO software has supported more than $20 billion in RFP responses.

Elevate Capital (Elevate Capital LLC) is a privately owned venture capital firm based in Portland, Oregon, that focuses on early-stage investments in startup companies and particularly those companies led by women, minorities, and veterans. The firm manages the Elevate Capital Fund that invests in early-stage companies and the Elevate Inclusion Fund that invests in startups run by women and minority entrepreneurs.

References

  1. 1 2 Rogoway, Mike (January 30, 2015). "Kryptiq, sold in 2012, will be independent again after spinning out from Surescripts". The Oregonian. Retrieved 2015-01-31.
  2. 1 2 Moody, Robin J. (December 28, 2003). "Kryptiq ready to expand its market reach in 2004". Portland Business Journal .
  3. 1 2 3 4 Siemers, Erik (April 13, 2012). "Kryptiq finds acceptance". Portland Business Journal .
  4. 1 2 3 4 Raths, David (February 6, 2005). "Kryptiq team encrypts e-mail for medical uses". Portland Business Journal .
  5. "Kryptiq buys Houston company". Portland Business Journal . July 22, 2003.
  6. "Venture round nets Kryptiq $7.9M". Portland Business Journal . August 29, 2003.
  7. 1 2 Moody, Robin J. (November 10, 2003). "Kryptiq buys Utah-based MedShape". Portland Business Journal .
  8. 1 2 Moody, Robin J. (February 24, 2005). "Kryptiq rolls out disease management application". Portland Business Journal .
  9. 1 2 Moody, Robin J. (January 19, 2004). "Kryptiq buys Vancouver software company". Portland Business Journal .
  10. 1 2 Moody, Robin J. (February 6, 2005). "A Kryptiq answer". Portland Business Journal .
  11. 1 2 "Kryptiq raises $7.1M". Portland Business Journal . April 26, 2005.
  12. Culverwell, Wendy (July 31, 2005). "New Sunset on horizon". Portland Business Journal .
  13. "State invests in Kryptiq Corp". Portland Business Journal . September 14, 2006.
  14. Moody, Robin J. (March 4, 2007). "Kryptiq strengthens Blue Cross technology ties". Portland Business Journal .
  15. O'Donnell, Anthony (April 1, 2008). "Kryptiq's Choreo Powers Regence's Contract Management Across the Enterprise". Insurance & Technology. UBM Tech.
  16. Rojas-Burke, Joe (October 4, 2007). "Microsoft picks Hillsboro's Kryptiq for health records project". The Oregonian .
  17. "Kryptiq buys Secure Network Solutions". Portland Business Journal . August 19, 2008.
  18. Rogoway, Mike (June 15, 2010). "Kryptiq sets move as it adds employees". The Oregonian .
  19. Culverwell, Wendy (February 28, 2010). "Kryptiq leases Amberglen space for new headquarters". Portland Business Journal .
  20. 1 2 Rogoway, Mike (October 25, 2010). "Kryptiq takes on new investor, partnership as it targets growth". The Oregonian .
  21. "Kryptiq Corp. discloses $8M investment". Portland Business Journal . November 26, 2010.
  22. Siemers, Erik (August 31, 2012). "Hillsboro's Kryptiq acquired by Surescripts". Portland Business Journal .
  23. 1 2 Rogoway, Mike (August 31, 2012). "Kryptiq sells business to Surescripts, will stay in Hillsboro". The Oregonian .
  24. "Company Overview of Enli Health Intelligence". Health Care Technology. Bloomberg Business. Retrieved 26 October 2015.
  25. "Contact Us". Enli Health Intelligence. Archived from the original on August 5, 2016. Retrieved October 27, 2016.
  26. "Contact Us". Enli Health Intelligence. Archived from the original on October 27, 2016. Retrieved October 27, 2016.
  27. Hayes, Elizabeth (January 5, 2021). "Portland-area health care technology provider sold to Connecticut company". Portland Business Journal. Retrieved December 26, 2021.
  28. "Cedar Gate Technologies Acquires Enli Health Intelligence" (Press release). Cedar Gate Technologies. January 5, 2021. Retrieved December 26, 2021.
  29. "Home page – Enli Health Intelligence". Cedar Gate Technologies. Archived from the original on March 8, 2021. Retrieved December 26, 2021. Enli is now part of Cedar Gate Technologies{{cite web}}: CS1 maint: unfit URL (link)
  30. 1 2 3 4 "About". Kryptiq. Retrieved December 12, 2012.