Organization · Corporate Venture Capital
Healthworx
Healthworx is the innovation and investment arm of CareFirst BlueCross BlueShield, focused on transforming healthcare through investments in early-stage startups and strategic collaborations. It operates primarily in the Mid-Atlantic region of the United States.
Overview
What Healthworx does
What Healthworx is
Healthworx is the innovation and investment arm of CareFirst BlueCross BlueShield, focused on transforming healthcare through investments in early-stage startups and strategic collaborations. It operates primarily in the Mid-Atlantic region of the United States.
How it participates in the startup ecosystem
The current public profile supports funder capabilities. Each capability below is shown separately so organization identity and role-specific information do not get conflated.
Operational profile
Organization status and context
Organization status describes the entity itself. Funding and program availability appear within the relevant capability profile.
- Operational status
- Active
- Organization type
- Corporate Venture Capital
- Founded
- Founded in 2017
- Approximate age
- About 9 years
- Structured capabilities
- Funder
- Last reviewed
- May 5, 2026
Official channels
Find Healthworx elsewhere
Open the official website or a supported primary organization account.
Capability profile
Healthworx as a funder
Investment thesis
Healthworx aims to improve healthcare quality, affordability, accessibility, and equity by investing in companies that solve real-world health system problems, leveraging CareFirst's distribution network and operational collaboration.
Focus narrative
Healthworx invests in early-stage healthcare startups through its incubator program, 1501 Health, and directly through Healthworx Ventures. The organization emphasizes fostering innovation in healthcare by providing not just capital but also access to CareFirst's extensive resources and networks, ensuring that portfolio companies can effectively address critical healthcare challenges.
Value beyond capital
Healthworx adds value to its portfolio companies by providing access to CareFirst's distribution network, member data, and operational collaboration. This strategic alignment allows startups to pilot their solutions within a large regional health plan, enhancing their market entry and scalability.
Terms and economics
- Typical check
- $4,000,000–$40,600,000
- Sweet spot
- $125,000
Focus and fit
- Stages
- Seed · Series A · Series B · Series C
- Sectors
- Digital HealthHealthcare
- Regions
- United StatesNorth America
Availability
- Currently deploying
- Yes
Portfolio and track record
- Recorded portfolio count
- 12
Portfolio context
Notable portfolio companies include: SafeRide Health: Enhances access to healthcare through improved non-emergency medical transportation. evolvedMD: Focuses on accessible behavioral health care, having raised $14 million in Series A-Prime funding. Maven Clinic: An employer-sponsored platform for women's and family health. Oshi Health: Provides virtual GI care and chronic condition management. Thirty Madison: Offers telemedicine services for chronic conditions like migraines.
Common questions
What to know about Healthworx
Upseed classifies Healthworx under the Corporate Venture Capital organization type. Its current public profile includes funder capabilities.
Source and update disclosure
Know what this page is based on
Source basis
Public organization and program material, official websites, and structured Upseed records.
Last reviewed
May 5, 2026
Known limits
Capability profiles appear only when a structured public profile also contains decision-useful role evidence. Terms and availability can change.
Upseed is an independent guide. It is not affiliated with or endorsed by the organization described on this page.