"Lots of people say: 'With the policy so messed up in Washington right now, why in the world do you spend so much time thinking about it?' he told Fortune. 'It's because I have a great belief that... the only way to get to large scale is good policy. I see the power of things like the Medicare Modernization Act, which introduced prescription drugs. Believe it or not, before that, prescription drugs weren't part of Medicare at all.'"
"Frist served 12 years in the U.S. Senate, after spending about 20 as a doctor. In 2016, he teamed up with Bryan Cressey to start a Nashville-based venture capital firm focused specifically on healthcare services. The firm's portfolio includes Ambience, Thyme Care, Visana, and Devoted Health. And, now, Frist Cressey Ventures has raised its $425 million fourth fund, Fortune has exclusively learned."
Bill Frist served 12 years in the U.S. Senate after about 20 years as a doctor and co-founded Frist Cressey Ventures in 2016 with Bryan Cressey. The Nashville-based firm focuses exclusively on healthcare services, avoiding drugs and devices, and has invested in companies such as Ambience, Thyme Care, Visana, and Devoted Health. The firm recently raised a $425 million fourth fund to target the $3 trillion health services market. Frist emphasizes the role of policy and cites the Medicare Modernization Act's inclusion of prescription drugs. Frist Cressey incorporates AI and automation selectively while acknowledging implementation challenges in healthcare technology.
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