Pearl Well being, which presents a expertise platform for main care practices in value-based care preparations, introduced Thursday it had raised $55 million in Sequence B funding. The corporate stated it additionally anticipates receiving a $20 million line of credit score exterior of the fairness elevate.
The spherical was led by Andreessen Horowitz and Viking World Traders, with participation from buyers together with AlleyCorp and SV Angel. The corporate introduced an $18 million Sequence A in September 2021.
WHAT THEY DO
Peal presents a expertise platform geared towards main care suppliers taking part in Medicare’s ACO REACH mannequin. It contains knowledge visualizations and proposals so clinicians can see which sufferers might have further assist, like those that have a number of persistent circumstances or who’ve been just lately discharged from the hospital.
The startup’s instruments additionally intention to distill affected person data into easier-to-digest studies and observe necessary metrics, like readmission charges and whether or not sufferers are going to annual wellness visits.
Pearl stated it is going to use the funds from the Sequence B elevate to construct new partnerships, add new choices, and put money into analysis and improvement.
“We’re grateful to have the assist of such esteemed buyers as we proceed to construct expertise that permits physicians to offer higher care for his or her sufferers and helps our healthcare system transition from quantity to worth,” Pearl Well being CEO Michael Kopko stated in a press release. “This newest spherical of funding, mixed with our earlier investments, will enable us to develop our community and speed up the event of revolutionary options that place suppliers on the middle of healthcare supply and value administration.”
MARKET SNAPSHOT
Early final yr, the Facilities for Medicare and Medicaid Providers stated it was resdesigning its Medicare Direct Contracting Mannequin to an Accountable Care Group mannequin targeted on well being fairness. The newly designed association, known as the ACO Realizing Fairness, Entry, and Neighborhood Well being (REACH) Mannequin, started this yr with 132 individuals.
CMS needs all conventional Medicare beneficiaries in an accountable care relationship by 2030. ACOs are teams of medical doctors, hospitals and different suppliers who work collectively to offer coordinated care to Medicare sufferers, with the aim of avoiding duplicate companies and medical errors.
Different corporations that intention to offer assist and expertise companies to practices in value-based care preparations embody UpStream Healthcare, which just lately raised $140 million in Sequence B funding, and Aledade, which scooped up $123 million in a Sequence E spherical final yr.
