Bardavon Health Innovations
Overview
Bardavon Health Innovations, founded in 2013 by Matthew Condon, is a healthcare technology company headquartered in Overland Park, Kansas. Specializing in musculoskeletal (MSK) health and workers' compensation, Bardavon focuses on employee health management solutions that include injury prevention, treatment, and work readiness. The company has raised over $123 million in multiple funding rounds, with significant investment from Matrix Capital Management. Bardavon's innovative approach leverages a nationwide network of physical and occupational therapy (PT/OT) providers to deliver comprehensive, data-driven healthcare services.
Recent Developments
In 2024, Bardavon Health Innovations enhanced its offerings with several key developments:
- April 2024: Bardavon raised an additional $5.22 million in Series C funding to support the rollout of Recovery+, a health coaching platform designed to expedite recovery and enhance the return-to-work process for injured workers.
- September 2024: Bardavon partnered with CompIQ to automate the referral process for injured worker rehabilitation, streamlining the care management process and improving efficiency for claims adjusters and healthcare providers.
- June 2024: The company introduced enhancements to its injury prevention solution, Preventure, with next-generation wearable technology and a new kiosk app to improve workplace safety.
- May 2024: Bardavon filed a notice to raise $15.66 million through a new equity investment to further its technological advancements.
- January 2025: Jen Henry, DPT, MPH, was appointed to lead Clinical Operations and Services, highlighting Bardavon's focus on strengthening its clinical leadership.
- May 2025: Sarah Meyer was promoted to Chief Operating Officer, reflecting Bardavon's commitment to internal growth and operational excellence.
Company Information
| Attribute | Information |
|---|---|
| Founding Date | 2013 |
| Headquarters | Overland Park, Kansas |
| Founders | Matthew Condon |
| Revenue | $38.7 million |
| Profits | Not publicly disclosed |
| Key Investors | Matrix Capital Management, WestCap, KCRise Fund |
| Industry | Healthcare Technology |
| Number of Employees | 211 (as of 2024) |
Early History
Bardavon Health Innovations was established in 2013 with a vision to transform the musculoskeletal care landscape. Initially focused on physical therapy, the company quickly recognized the potential to improve care for injured workers within the workers' compensation system. In its early years, Bardavon developed bNOTES, a clinical guidance system, and the Cross-Reference Testing System (XRTS) to support its service offerings. By 2016, Bardavon had expanded its network significantly, achieving presence in all 50 states by 2019. This growth was fuelled by strategic partnerships and a data-driven approach to improving treatment outcomes.
Company Profile and Achievements
Bardavon's business model revolves around a tech-enabled service that integrates physical and digital health solutions. Key achievements include:
- 2015-2016: Rapid expansion with hundreds of clinics joining Bardavon's network, allowing for comprehensive data collection through bNOTES.
- 2017-2019: Achieved national presence with a provider network spanning all 50 states and significant Series B funding to support growth.
- 2020-2022: Acquisition of PeerWell, enhancing digital recovery services with a holistic, hybrid approach to MSK care.
- 2023: Enhanced product suite with the acquisition of Preventure, an injury prevention company, marking Bardavon as the first to offer an end-to-end MSK solution in the workers' compensation space.
Current Operations and Market Position
Currently, Bardavon Health Innovations operates a robust network of over 25,000 PT/OT providers. The company's market position is bolstered by its innovative digital health platform and a commitment to delivering high-touch, data-informed care. Bardavon competes with major industry players like Hinge Health and Sharecare, leveraging its comprehensive service offerings and strategic partnerships to maintain a competitive edge. Ongoing initiatives focus on expanding the company's technological capabilities and reaching broader healthcare markets.
Conclusion
Bardavon Health Innovations stands out in the healthcare industry with its comprehensive approach to managing workers' compensation and musculoskeletal care. The company's focus on integrating technology and personalized therapies positions it as a leader in digital health innovation. With continued investments and strategic partnerships, Bardavon is poised to expand its impact, potentially transforming healthcare delivery for employers and workers across the United States.