Wellvana Well being raises $84M to develop value-based care platform

Wellvana Well being, a value-based care platform for healthcare suppliers, garnered an $84 million capital funding, bringing its complete elevate to $140 million. 

Heritage Group and Valtruis co-led the funding with participation from Memorial Hermann Well being System. 

WHAT THEY DO

The Nashville-based firm gives well being techniques, unbiased main care physicians and specialists steerage and incentives to enhance value-based care fashions utilizing instruments corresponding to information analytics and inhabitants well being know-how. 

Wellvana will use the funds to help its development in U.S. markets. 

“We’re taking a differentiated value-based care method that solely succeeds when two issues align: data-driven know-how and high-touch human engagement. Our mannequin is working; financial savings charges are robust for our doctor companions with improved affected person outcomes and decreased in-patient ER admissions throughout each market. Most significantly, our physicians and their sufferers really feel heard, seen and valued, renewing belief within the American healthcare system,” Kyle Wailes, CEO of Wellvana, mentioned in an announcement.

MARKET SNAPSHOT

Different firms specializing in value-based care embrace Canadian well being tech firm PointClickCare, which acquired Patient Pattern, a value-based care digital well being file and built-in care administration platform, and New Jersey-based Vytalize Health.

In February, Vytalize Well being, which gives unbiased main care practices treating Medicare sufferers with a value-based care platform with information analytics, garnered a whopping $100 million in funding. 

Lyfegen, Aledade, Pearl Health and UpStream Healthcare additionally supply know-how to help value-based care providers. 

Stephanie Chia, Russ Hinz and Susan Tolin will supply extra element within the HIMSS23 session “Fairness on Chicago’s South Aspect: Related Care Know-how.” It’s scheduled for Wednesday, April 19 at 1 p.m. – 2 p.m. CT on the South Constructing, Degree 1, room S103.