Pearl Well being, which affords a expertise platform for main care practices in value-based care preparations, introduced Thursday it had raised $55 million in Collection B funding. The corporate mentioned 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 traders together with AlleyCorp and SV Angel. The corporate introduced an $18 million Collection A in September 2021.
WHAT IT DOES
Peal affords a expertise platform geared towards main care suppliers taking part in Medicare’s ACO REACH mannequin. It consists of information visualizations and suggestions so clinicians can see which sufferers might have additional help, like those that have a number of persistent situations or who’ve been not too long ago discharged from a hospital.
The startup’s instruments additionally goal to distill affected person info into easier-to-digest studies and monitor vital metrics, like readmission charges and whether or not sufferers are going to annual wellness visits.
Pearl mentioned it can use the funds from the Collection B elevate to construct new partnerships, add new choices, and put money into analysis and improvement.
“We’re grateful to have the help of such esteemed traders as we proceed to construct expertise that permits physicians to supply higher care for his or her sufferers and helps our healthcare system transition from quantity to worth,” Pearl Well being CEO Michael Kopko mentioned in a press release.
“This newest spherical of funding, mixed with our earlier investments, will enable us to increase our community and speed up the event of progressive options that place suppliers on the heart of healthcare supply and value administration.”
MARKET SNAPSHOT
Early final yr, the Facilities for Medicare and Medicaid Companies mentioned it was redesigning its Medicare Direct Contracting Mannequin to an Accountable Care Group mannequin centered 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 contributors.
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 supply coordinated care to Medicare sufferers. The purpose is to keep away from duplicate companies and medical errors.
Different firms that goal to supply help and expertise companies to practices in value-based care preparations embody UpStream Healthcare, which not too long ago raised $140 million in Collection B funding, and Aledade, which scooped up $123 million in a Collection E spherical final yr.
