What You Ought to Know:
– Transcarent, a platform simplifying well being and look after employers and people, secures $126 million in a Sequence D funding spherical led by Basic Catalyst and 7wireVentures.
– The newest funding brings Transcarent’s complete funding to roughly $450M at a valuation of $2.2B.
A One-Cease Resolution for Employer-Sponsored Healthcare
Transcarent’s industry-leading platform streamlines healthcare entry for each employers and staff. It’s the solely platform providing a complete suite of providers, together with:
- Medical, surgical, and pharmacy care: Transcarent connects members to an unlimited community of high-quality suppliers.
- Psychological well being providers: Addressing a rising want, Transcarent presents handy entry to psychological well being professionals.
- Weight administration packages: Transcarent’s Weight Well being program empowers people on their weight reduction journeys.
- Finish-to-end most cancers care: Transcarent offers complete assist for members battling most cancers.
- Quick access to care: Transcarent’s “Care in 60 Seconds” characteristic simplifies scheduling non-urgent appointments.
Milestones Since Sequence C Spherical
Since its Sequence C spherical in early 2022, Transcarent has made important strides:
- Launched complete packages for weight administration, most cancers care, behavioral well being, and pharmacy providers.
- Established an industry-leading community of Surgical procedure Facilities of Excellence.
- Efficiently acquired and built-in the 98point6 digital care platform and care enterprise.
- Established the Nationwide Unbiased Supplier Ecosystem, partnering with 12 main well being methods to develop entry to inexpensive, high-quality care.
At this time, over 4.3 million individuals have entry to Transcarent by way of their employers or well being plans. The platform empowers them to make knowledgeable healthcare selections with a give attention to high quality, affordability, and comfort.
Growth Plans
The brand new funding will gasoline Transcarent’s mission in three key areas:
- Accelerating AI capabilities: Transcarent will leverage AI to additional personalize the healthcare expertise for members.
- Supporting industrial development: This funding fuels Transcarent’s enlargement efforts, bringing their revolutionary platform to a wider viewers.
- Strategic development alternatives: The funding empowers Transcarent to discover strategic acquisitions and partnerships.
“Everybody requested, ‘are you able to make it simpler for our individuals to entry high-quality, inexpensive care?’, and we’ve. Transcarent is the One Place for Well being and Care,” mentioned Glen Tullman, Transcarent Chief Govt Officer. “One platform — your cell phone — for the whole lot you need and wish. And an expertise individuals don’t identical to however love. Excessive-quality care and price reductions with a relentless give attention to high quality. Simply what the physician ordered.”