Asset Manager

Updated:

Safety Net Connect

Safety Net Connect was formed in 2009 through the merger of two health-tech companies, NetChemistry and ELM Technologies, by Keith Matsutsuyu and Chris...

Safety Net Connect

Safety Net Connect was formed in 2009 through the merger of two health-tech companies, NetChemistry and ELM Technologies, by Keith Matsutsuyu and Chris Cruttenden. Matsutsuyu is a serial healthcare entrepreneur focused on data integration; Cruttenden previously co-founded E*Offering, an online IPO distribution platform sold to WitSoundview in 2000. The company sells an end-to-end telehealth solution combining eConsult, eReferral, and televisit capabilities, aimed at safety-net providers serving low-income and underinsured populations. Its clients include health plans, hospitals, community health centers, correctional facilities, and public health departments across the United States. Safety Net Connect claims to have reached over 10 million patients, with reported outcomes including a 66.8% specialty-need resolution rate at primary-care offices and $10.7 million in cost savings for a Medicaid population. Safety Net Connect maintains offices in Newport Beach, California, and Waukesha, Wisconsin. The professional-services team works with each client on implementation. No recent operational events were publicly reported in the last 24 months. Unlike venture-backed telehealth companies that raise external capital and pursue rapid scaling, Safety Net Connect appears to be a closely held operating business funded by its founders. The firm does not disclose AUM, institutional deployment, or investment structures — its sole disclosed commercial activity is selling software to healthcare systems.

General information

Firm type

Asset Manager

Year founded

2009

AUM

Undisclosed

Location

Region

North America

Country

United States

City

Newport Beach

Corporate office

Newport Beach, CA, United States

Additional offices

Waukesha, WI, United States

Principals

Keith Matsutsuyu

CEO

Chris Cruttenden

President

Sector focus

Digital HealthHealthcare ServicesInfrastructure

Frequently asked questions

Who runs Safety Net Connect?

Keith Matsutsuyu is CEO and co-founder; Chris Cruttenden is President and co-founder. Both have backgrounds in health IT and entrepreneurial ventures.

Is Safety Net Connect a family office or an operating company?

Safety Net Connect is an operating company, not a family office. It develops and sells telehealth software to healthcare providers.

What products does Safety Net Connect offer?

The company sells an integrated telehealth platform comprising eConsult (specialist consultations), eReferral (referral management), and televisit (virtual visits).

Who are Safety Net Connect's clients?

Clients include health plans, hospitals, community health centers (FQHCs), public health departments, correctional health systems, and skilled nursing facilities in the United States.

Does Safety Net Connect disclose financial performance?

No. The firm does not publish AUM, revenue, or fundraising activity. Its only disclosed metrics are clinical outcomes and patient reach.

Where did the founding team come from?

Keith Matsutsuyu was a health-tech entrepreneur; Chris Cruttenden co-founded E*Offering, an online IPO platform acquired by WitSoundview for $350 million in 2000. The firm merged NetChemistry and ELM Technologies to form Safety Net Connect.

What populations does Safety Net Connect focus on?

The company focuses on safety-net populations — low-income, underinsured, and underserved patients — as well as rural communities and correctional health systems.

Profile maintained by using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.

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