Lumerisa value-based care strategy, technology and operations company, announced it has secured $100 million in equity capital funding led by Deerfield Management.
Endeavor Health joins as a new investor, with BlueCross BlueShield Venture Partners, Sandbox Industries, Kleiner Perkins, and JDLinx participating in the round.
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The Missouri-based company strategizes with health systems and other care providers to move medical practices toward a value-based system of care through technology-enabled enablement and care provider services. .
The funding will be used to support the expansion of the company's provider partnerships.
„Lumeris has demonstrated differentiation through its best-in-class technology and ability to predict and manage risk,“ Vincent Merrett, partner at Deerfield Management, said in a statement.
“Long-time ownership and management of Medicare Advantage plans that have received five-star ratings for the past three years demonstrates the company's deep understanding of the healthcare landscape and commitment to providing high-quality patient care. It is proof that you are there.”
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Lumeris has announced numerous collaborations over the past few years. Among them are stanford healthcare In 2019, we will expand Stanford Healthcare Advantage, Northern California's Medicare Advantage plan, to help care systems transition to value-based care delivery models.
A year later, the company partnered with Northeast Georgia Health System to increase the provider's population health capabilities.
Earlier this year, Lumeris announced a strategic partnership with Denver-based Integrated Physician Network. The Integrated Physician Network is a clinically integrated network of more than 300 practicing physicians and physicians focused on practice improvement and value-based care delivery.
The St. Louis-based company has expanded its executive team over the past few years by appointing Jean-Claude Sagbiny as chief technology officer. Mr. Saghbini previously served as CTO. Wolters Kluwer Health.
Lumeris has added Julie Hames as senior vice president of people and culture, and Umar Farooq, who previously served as an executive at Centene Corporation and is currently president of Essence Healthcare, Lumeris' Medical Advantage plan affiliate. added Mr.
Other companies looking to advance the delivery of value-based care include medical data and analytics companies person who utters abusive languageannounced that they had secured an amount exceeding . $65 million investment Maryland-based health technology company Aledadewho collaborated with primary care providers to build a technology-enabled accountable care organization, achieved an incredible score. $260 million investment In June of last year.