Story excerpt provided by Columbus CEO.
Written by Dave Ghose.
Meet Olive, a software bot that uses artificial intelligence to complete tedious administrative healthcare tasks.
For Sean Lane, $100 million isn’t enough. The co-founder and CEO of CrossChx moved his healthcare IT startup from Baltimore to Columbus in 2013 to build a revolutionary business. He wanted to change how hospitals fundamentally operate, make thousands of people millionaires and prove to the naysayers on the coasts that a billion-dollar tech company—with the right team, idea and support—can take flight in flyover country. “There was no other reason to come other than that,” Lane says.
That boldness has attracted plenty of attention in Columbus. CrossChx was the first investment of Drive Capital, the $550 million venture capital fund started by Silicon Valley transplant Mark Kvamme, who saw Ohio as an untapped moneymaking opportunity. From there, CrossChx grew quickly, attracted additional VC money, adopted a Silicon Valley-style business model (build something cool and worry about revenue later) and moved into eye-catching digs in a 118-year-old former Downtown auto dealership. The company appeared on the fast track to success, and Columbus business leaders seemed to anoint it and its fellow startup darling, CoverMyMeds, as the best bets to become the first superstar tech companies from central Ohio since CompuServe was inventing GIFs and popularizing email in the ’80s and ’90s.
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Originally published February 5, 2018.