Mike Shea
Entrepreneur-in-Residence @ Chrysalis Ventures
Mike Shea is a successful health care services entrepreneur and operator with over 22 years of industry experience. Mike founded revenue cycle management services provider MedAssist in 1989. His vision of “Bridging the Gap” between health care delivery and reimbursement, with a focus on patient advocacy, helped pioneer the acceptance of eligibilityoutsourcing nationally in the US. Under his leadership as president and CEO the company grew into a 1,400 person, more than $100 million revenue company by 2007, when he sold it to Firstsource Solutions for $330 million. Until 2010, he served as the North America CEO and President of Healthcare of Firstsource.In 2003, Mr. Shea was the recipient of the Ernst & Young Midwest Entrepreneur of the year award for Healthcare. In 2005 and 2007, he was also named one of the most influential Healthcare Leaders in the Louisville, Kentucky area by Business First. He is a Board member of Chrysalis portfolio company NextImage Medical and helped recruit former MedAssist CFO Frank Stellato to become CFO of Chrysalis portfolio company MyHealthDIRECT.
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About Chrysalis Ventures
Chrysalis Ventures is a source of equity capital for young growth companies in the "under-ventured" Midwest and South. Chrysalis invests primarily in early-stage and expansion-stage companies in healthcare services and technology, media and communications, and business services.
Chrysalis Ventures Contacts
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Doug Cobb
Entrepreneur-in-Residence
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Jan Bruce
Entrepreneur-in-Residence
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John Willmoth
Venture Partner
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Mike Shea
Entrepreneur-in-Residence
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Richard Vance
Operating Partner
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