How Quantified Health powers seamless healthcare operations with Venn

Company: Quantified Health

Interviewee: Jack Luo, Co-founder & CEO

Location: Toronto, ON

About Quantified Health

Quantified Health is transforming how Canadians access care. Their team builds software and clinical platforms that deliver personalized healthcare to patients across the country. With multiple brands and a growing provider network, the company handles complex financial operations across currencies, partners, and regions.

Jack needed a financial system that was fast, transparent, and simple to manage without time lost on routine transactions.

The Problem

Managing growth with traditional banking limitations

Before using Venn, Quantified Health relied on traditional banks that made everyday financial tasks slow and inconvenient. Sending a single wire transfer often required a physical branch visit, wasting hours each week.

They also faced expensive foreign exchange rates and transfer fees when paying vendors and contractors in USD. With markup costs of 2-3% and transaction fees of $20–$30, cross-border payments became a recurring pain point.

“Even something as basic as sending a wire required me to go to the branch in person. It could take up to an hour out of my day, and that’s time I can’t spend building the business.”
_{- Jack Luo, Co-founder & CEO, Quantified Health}

The Solution

A modern platform for fast, transparent financial operations

Venn replaced the old workflow with an integrated system that handles every transaction online. Jack and his team can now manage local and international payments, issue virtual cards, and monitor spending in real time from one dashboard.

What changed for Quantified Health:

• Global transfers that save time: Payments to U.S. vendors now happen online without branch visits or paperwork.
• Lower FX rates: Competitive conversion rates help the company save thousands of dollars per year.
• Instant virtual cards: Cards can be created for subscriptions, employee use, and vendor payments in seconds.
• Centralized visibility: Every transaction is tracked and categorized in one platform.

We also just introduced 2% annual interest on all CAD and USD balances, with no minimums or caps. For a business that keeps funds ready for payroll, clinical operations, and vendor payments, earning interest while keeping full access to working capital directly impacts their bottom line.

Why Venn‍

Built for founders who move fast

Venn allows Jack and his team to run their financial operations with the same precision they apply to healthcare delivery. Every account, card, and transfer connects through one platform, which means less time reconciling tools and more time focused on their patients and partners.

For a company handling sensitive transactions, transparency and control were non-negotiable. Venn gives Quantified Health complete visibility into where money moves, who approves it, and how each transaction is categorized. Real-time reporting helps them stay compliant while maintaining internal oversight.

The platform also scales with their growth. As Quantified Health expands its network of clinicians and service providers, new team members can be added instantly with defined roles and spending limits. Venn’s infrastructure makes it easy to separate vendor payments, software subscriptions, and operational costs without slowing the team down.

“Venn has been uniquely designed by entrepreneurs for entrepreneurs. I can do everything I need to bank for within a unified platform, and that makes everyone’s lives so much easier."
_{- Jack Luo, Co-founder & CEO, Quantified Health}

Who is Venn for?

Companies that need modern financial infrastructure

Venn is for founders and finance teams who need one platform for all their financial operations. From global transfers to real-time expense management, Venn helps companies manage funds, control costs, and keep operations running efficiently.

Quantified Health uses Venn to send global payments, issue cards, and manage FX with complete transparency. If your business needs the same clarity and control, now is the time to switch.

Ready to simplify your business finances? Try Venn today!

_{This publication is provided for general information purposes and does not constitute legal, tax, or other professional advice from Venn Software Inc. or its subsidiaries and affiliates. It is not intended as a substitute for obtaining advice from a financial advisor or any other professional. We make no representations, warranties, or guarantees, whether expressed or implied, that the content in this publication is accurate, complete, or up to date.}