Todd Cozzens

Co-Founder & Managing Partner - Transformation Capital

2015 - Current

We are Transformation Capital, the largest growth equity firm focusing on digital health with $1.65B AUM across three funds and 44 partner company investments. We are former Sequoia and Bain Capital Ventures partners leading the firm and iwe also have CEO/founder/operator and clinical backgrounds and we’ve built a team around us with similar profiles at the nexus of healthcare and technology. The digital health market is booming. In the U.S. healthcare spending amounts to over 20% of GDP and of this $4.5 Trillion, there is over $1 Trillion in waste – too many procedures, too many middlemen, fraud, and untold administrative costs. Health systems, health plans, practices, bio pharma companies and healthcare consumers are digitizing at a dizzying pace. We’ve invested in many category-defining digital health companies including Datavant, Sword, Grow Therapy, and CapitalRx. And we have many other fast-growing and emerging fund driver companies in each fund. Our focus on AI in healthcare has won us mandates with the most promising new entrants in the space. Our reputation for investing in the most interesting digital health companies and then deploying significant resources to help these companies grow and thrive has created a flywheel where are often the first call for digital health entrepreneurs seeking to raise capital. Our network of strategic leaders and decision makers in health systems, health insurers, bio pharma companies, government, etc. is second to none and we’re well known for how leverage these contacts for our companies. Our check sizes range from $15M – $60M as active minority investors. We have done many co-investments with our LP’s. We have a loyal and diversified LP base including charitable trusts/endowments, sovereign wealth, wealth managers, insurance companies, large family offices and pension funds. We have a robust co-investment program in place and have partnered with many LP’s in the past.

Board Member

2021

SWORD Health provides completely virtual physical therapy for preventive and rehabilitative musculoskeletal (MSK) health. MSK is the leading healthcare complaint area for working adults. SWORD's solution covers the 14 most common joint conditions by integrating bodily sensors with an AI-powered application that monitors the patient's exercises and gives them feedback to do the motions correctly and in the right order and repetitions. It is integrated with telehealth consultation from licensed physical therapists who check in from time to time with the patient. Employers are seeing savings and better outcomes and the patient has the convenience of therapy on demand in the home.

Member Board of Directors

2024

Board Member

2019

LGC is more than the fastest-growing home lab testing company -it's a home medical visit made convenient, fast and easy with an informative consumer experience. Consumers order any common lab test such as STD detection, diabetes management, hormone monitoring, cancer screening, cholesterol panel and many others. A seamless process brings the lab kit to the home and picks it up and the diagnostic tests are performed in leading certified labs. Consumer-friendly reports with detailed information about the patient's test and condition are available in a few hours. A teleconsult with a live clinician immediately follows where the consumer can ask detailed questions and get advice on what to do next, where to receive care or even get an online prescription filled that same day. Available on Amazon and online and in-store at CVS, Walmart, Giant Foods and others. The company has several payor and employer partnerships as well.

Board of Directors

2021

Vital was founded by Mint.com founder Aaron Patzer to bring to healthcare what he and his team did for personal financial management - empower patients through their care journey with a digital guide to their care progress, follow-ups, report outcomes, keep loved ones updated and improve the overall patient experience. Vital's emergency department patient experience application attains over 55% engagement because of its effortless user interface - unheard of in healthcare. The product is catching on virally across the country in emergency departments and inpatient settings at Common Spirit, Tenet, Emory and many others.

Board Of Directors

2021

Memora Health automates complex workflows in hospitals and clinics providing repeatable and proven clinical pathways for caregivers in all care areas such as oncology, cardiology, orthopedics, maternity and beyond. Through the integration of data from the EMR and other sources Memora's platform streamlines care protocols and also provides the patient with direct feedback on progress and allows them to record the completion of their follow-up taks digitally. The clinical pathways use repeatable building blocks so developing new protocols and tailoring existing ones doesn't require custom coding. The company's customer list includes Penn, Stanford, Dana Farber and many others.

Board of Directors

2021

DexCare is the platform health systems have long awaited to attract new patients, right-size their payer mix and compete better. It starts with navigating inbound interest from social media and other sources and gets new patients quickly and digitally registered to a televisit and subsequent scheduling to the right caregiver for the right treatment. Current customers like Kaiser Permanente, Providence, Froedert Memorial, Houston Methodist are seeing big upticks in new, fully-insured patients. Led by Derek Streat, a serial tech entrepreneur and senior leadership with years of healthcare experience, DexCare, based in Seattle is growing very fast. Contact me if you'd like and intro as a potential customer or team member.

Board Member

2018

PatientPop enables physician, specialty, dental and other practices bring in more patients by optimizing their online presence with a complete platform of tools to optimize search, build reputation on consumer grading sites like Yelp, Healthgrades, etc. and increase their overall digital presence. The PatientPop platform pays for itself in a few months with new patient adds - they can book appointments directly in from Yelp, Google, Facebook with PatientPop. The company is growing rapidly and is looking for the best tech and heathcare talent - based in Santa Monica, CA and Boston

Past Board of Directors

2011 - 2022

Natera is the fastest growing genomic diagnostics company focusing on prenatal diagnostics and women's health. Its Panorama non-invasive prenatal diagnostics test provides a higher degree of accuracy and detects more variants than previously introduced technologies. The company has distribution agreements with major laboratory diagnostic testing companies in the USA and internationally.

Former Board Of Directors (Acquired by Appriss)

2016 - 2021

PatientPing solves a key problem in healthcare - locating patients as they navigate through the system. Until now, hospitals, doctors, clinics, nursing homes and other providers don't know where their patients come from before they are admitted and where they go once discharged. This presents lost revenue and uncoordinated care problems for providers. PatientPing solves this by aggregating simple, easily integrated data feeds among all providers in a network then aggregates the data and provides it back to them in an insightful format that helps them manage their networks better.