IU Fund Invests in Health Tech Company

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BLOOMINGTON -

The Indiana University Philanthropic Venture Fund has announced a $500,000 investment in Indianapolis-based Diagnotes Inc. The company, co-founded by an associate professor of strategy and entrepreneurship at the Kelley School of Business, focuses on helping healthcare professionals communicate with each other, patients, and caregivers through a single cloud-based platform.

Todd Saxton co-founded Diagnotes along with Chief Executive Officer Dave Wortman and Bharath Bynagari. Wortman says the platform, which can be accessed on any mobile device or Internet browser, serves a variety of clients.

"We work with large health systems, specialty and community hospitals, long-term care facilities, employers, and behavioral health organizations," Wortman said. "Clients use the platform for everything from simple, secure messaging to telehealth consultations between specialists and patients in rural areas via HIPAA-compliant secure live video."

Wortman adds the platform also offers schedule management, discussion documentation, and integration with electronic health record systems. He says the investment from the IU Philanthropic Venture Fund will be used for broader and more frequent marketing campaigns, increasing support for clients, and improving the platform and prioritizing the development planning process.

The Indiana University Research and Technology Corp. launched the Philanthropic Venture Fund in February. Since that time, the fund has invested in several healthcare and technology-related startups.

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