Fundraising Fox

Phrase Health

Philadelphia, US · Founded 2018 · Delaware corporation · 2 known investors

phrasehealth.com ↗

Phrase Health provides analytics tools for health systems to reduce unwarranted clinical variation within the electronic health record (EHR), aiming to lower costs and improve patient outcomes. Spun out of Children's Hospital of Philadelphia, its software applies quality improvement methods to clinical decision support and EHR governance for hospitals and health systems.

Digital HealthHealthtechSaaS

Founders & leadership

Phrase Health was founded in 2018 by Marc Tobias, MD, FAMIA.

MT
Marc Tobias, MD, FAMIAinFounder
MZ
Michael ZeidlhackNamed on SEC filing
MT
Marc TobiasFounder
NM
Naveen MuthuNamed on SEC filing

Investors · 2

BioAdvanceConshohocken · $500K – $1.5M
LionBirdTel Aviv · $200K – $500Kvia Robert Lord · board

Reported raises · per SEC filings

Form D private placements

$3M disclosed across 2 rounds · 2019–2021

▶$3MraisedOct 2021 · 3 investors · Other Health Care
Rule 506(b)
Officers, directors & promoters on the filing
  • Robert LordDirector
  • Marc TobiasExecutive Officer, Director, Promoter
  • Michael ZeidlhackExecutive Officer, Director, Promoter
Offering amount
$3M
Amount sold
$3M
First sale
Oct 2021
Incorporated
Corporation, Delaware, 2018
Federal exemptions
06b
Full filing on SEC EDGAR ↗
▶$25KraisedFeb 2019 · 1 investors · Other Health Care
Rule 506(b)
Officers, directors & promoters on the filing
  • Michael ZeidlhackExecutive Officer, Director
  • Marc TobiasExecutive Officer, Director
  • Naveen MuthuDirector
Offering amount
$25K
Amount sold
$25K
First sale
Feb 2019
Incorporated
Corporation, Delaware, 2018
Federal exemptions
06b
Full filing on SEC EDGAR ↗

Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.

Competitors · 2

by search overlap
Smartsheet98 shared keywordsSmartsheet provides a cloud-based work management platform that enables teams and organizations to plan, capture, manage, automate, and report on work at scale across enterprises, nonprofits, and small businesses globally. The platform helps improve process efficiency and business outcomes through unified digital workplace capabilities.
ClearPointStrategy.com76 shared keywordsClearPoint Strategy is a strategy execution and reporting platform that lets organizations track objectives, KPIs, and initiatives in real time and automate report generation, replacing spreadsheet-based processes. It integrates with tools like Power BI, Snowflake, and SQL Server and offers guided data migration for enterprise teams managing strategic plans.

Companies competing with Phrase Health for the same Google search keywords, organic and paid, via search-intersection analysis.

Non-dilutive funding · 2 SBIR/STTR awards

Federal grants — no equity taken
AgencyPhaseYearAmount
National Institutes of Health (NIH)National Institutes of HealthPhase IISTTR2021$1.7M
National Institutes of Health (NIH)National Institutes of HealthPhase ISTTR2019$225K

Source: SBIR.gov award data (U.S. Small Business Administration). SBIR/STTR awards are competitive federal R&D grants and contracts — non-dilutive capital alongside any venture rounds above.

Frequently asked questions

What does Phrase Health do?
Phrase Health provides analytics tools for health systems to reduce unwarranted clinical variation within the electronic health record (EHR), aiming to lower costs and improve patient outcomes. Spun out of Children's Hospital of Philadelphia, its software applies quality improvement methods to clinical decision support and EHR governance for hospitals and health systems.
Who founded Phrase Health?
Phrase Health was founded by Marc Tobias, MD, FAMIA in 2018.
Who are Phrase Health's investors?
Phrase Health's investors include BioAdvance, LionBird.
How much funding has Phrase Health raised?
Phrase Health has disclosed $3M raised across 2 rounds.
Where is Phrase Health headquartered?
Phrase Health is headquartered in Philadelphia, US.