Matt Schappell, Principal at Frist Cressey Ventures, discusses the operational hurdles healthcare startups face when selling to health systems and payers.
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“Sales cycles are, you know, we're high-fiving if you get a 12 month sales cycle. Everything else is, you know, usually 12 to 18 months before you get a decision maker to sign off and say, you know, let's, let's move forward.”
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Opinion
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AssertionSupported
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AssertionPartly supported
Schappell: UHS lacked electronic health records between 2011 and 2015
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PredictionHeld up
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“And so they're going to start to get into the diagnosis and delivery of care.”
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Disclosure
Schappell: Frist Cressey Ventures will top $1B AUM upon closing Fund IV
“We are currently on our fourth fund. Once we close this fund, we'll be north of a billion in, in AUM.”
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Disclosure
Frist Cressey writes $5M to $15M checks, skipping FDA-regulated deals
“So very practically we write five to fifteen million dollar checks and seed and series a stage businesses healthcare technology, healthcare services The things we don't do is anything that requires FDA approval. So think med device, life sciences, biotech, tho…”
Matt SchappellSep 5, 2025▶ 3:36Matt Schappell on Healthcare Innovation: Investing in Tech-Driven Value-Based Care
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