What You Ought to Know:
– Vytalize Well being raises over $50 million to advance its value-based care platform for seniors serving to main care medical doctors strengthen relationships with their sufferers by way of data-driven, holistic, and customized care.
– Led by Enhanced Healthcare Companions, the financing spherical indicators an infinite alternative for Vytalize Well being to speed up the adoption of value-based care applications by suppliers.
Vytalize Well being, a number one value-based care platform for seniors, introduced it has closed over $50 million in Sequence B financing led by Enhanced Healthcare Companions. The spherical was additionally joined by Sequence A lead Kittyhawk Ventures, in addition to Kawn Ventures, North Coast Ventures, and different present traders.
Specializing in Medicare Worth-Primarily based Care Applications
Vytalize Well being began as a Medicare-focused main care apply in New York in 2014. The corporate developed a vertically built-in resolution combining a risk-bearing entity, digital and in-home clinic, and broad expertise platform, which they then started providing to different main care practices in 2017. Vytalize gives an all-in-one resolution together with value-based incentives and good expertise that allows small and huge unbiased practices to achieve success in value-based care preparations. At the moment, the corporate leverages this dynamic method to help physicians caring for 130,000 senior sufferers. Final yr, Vytalize acquired affected person communication firm MedPilot to permit them to handle the final mile of affected person engagement.
The corporate is now integrating the remainder of the downstream community, together with hospitals, specialty networks, ancillary suppliers, and digital well being firms, to streamline the supply ecosystem from finish to finish. The corporate will use the brand new capital to proceed investing in its care supply infrastructure, companion with Medicare Benefit and industrial plans, and develop its workforce.
Current Development
Vytalize Well being has grown its affected person base 150% yr over yr and is now partnered with 280 main care practices throughout 16-states. The corporate’s all-in-one, vertically built-in resolution for value-based care supply is liable for $2 billion in medical spending. The corporate is increasing into new markets whereas rising the focus of practices in present ones and has begun contracting with regional and nationwide Medicare Benefit plans.
“Our purpose is to strengthen the particular relationship between sufferers and their main care medical doctors, which turns into the muse for realizing the complete potential of value-based care,” mentioned Vytalize Well being CEO Faris Ghawi. “We’re witnessing new frontiers that had been beforehand unimaginable in healthcare, and we’re excited to allow our medical doctors to be on the slicing fringe of this subsequent chapter.”