Vytalize Health, a provider of a value-based senior care delivery platform for doctors and hospitals, raised $100 million in equity funding.
Enhanced Healthcare Partners and Monroe Capital led the investment round with participation from North Coast Ventures.
With additional funds, Vytalize Health intends to expand its care delivery platform, which gives older citizens access to high-quality virtual and in-home care services.
Commenting on the funding news, Faris Ghawi, Vytalize Health Co-Founder and CEO, said: “We have a responsibility to ensure the ongoing success of value-based care by building high-performing systems of care that truly advance quality, improve the patient experience, and are sustainable for providers and the system overall.”
“We believe primary care is a key part of the delivery system and that we must protect and reward independent primary care physicians who deliver more data-driven and effective care to patients. In this outcome-based environment, we can focus on real, proactive health care vs. sick care and align our model with what’s better for patients,” added Faris Ghawi.
Digital health startups providing value-based care services have raised more than $1 billion in funding to date, according to our funding database. The notable funding rounds in value-based healthcare include:
UpStream Healthcare, a provider of technology solutions and support services for value-based primary care practitioners, raised $140 million in Series B funding co-led by Coatue and Dragoneer, with participation from investors including Avidity Partners, Define Ventures, and Mubadala.
Homeward, a provider of technology-enabled value-based healthcare services to lower-income patients in rural America, raised $50 million in Series B funding co-led by ARCH Venture Partners and Human Capital with participation from General Catalyst, and Lee Shapiro and Glen Tullman – Co-Founders of 7wireVentures.
ThoroughCare, a provider of integrated care coordination software solutions that enable healthcare practices to deliver value-based care management programs enhancing patient engagement and health outcomes, raised $3 million in equity funding from Cypress Growth Capital.