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$300,000 loan to help NextHealth expand

NextHealth Technologies has received a $300,000 small-business loan from the Denver Office of Economic Development to help fund its expansion.

NextHealth Technologies, a healthcare predictive analytics company, has leased office space at 1675 Larimer St. and plans to grow from 15 to 60 technical development jobs within three years.

"We were attracted to NextHealth on multiple levels," says Paul Washington, executive director of OED. "Their experienced executive team, particularly CEO Eric Grossman's success with TriZetto and other entrepreneurial ventures in this very competitive field, has a proven grack record. Their commitment to being in Denver and the exceptional quality of the technical jobs they're creating were also major factors that strongly fit our lending strategy."

NextHealth's mission is to improve outcomes and reduce costs by helping patients make more informed choices about their health. The company says its customers are seeing a 20 percent reduction in emergency room visits and costs within a targeted Medicaid population. NextHealth's platform incorporates advanced analytics, behavioral economics and consumer engagement techniques to predict risk and prescribe personalized member-level actions to improve outcomes.

"We are very proud and excited to partner with Denver to build a legacy of healthcare innovation and local job growth," Grossman says. "We're committed to create even more Denver-based tech jobs in this burgeoning healthcare environment."

Contact Confluence Denver Development News Editor Margaret Jackson with tips and leads for future stories at margaret@confluence-denver.com.
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