• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to secondary sidebar
  • Skip to footer

  • Opinion
  • Health IT
    • Behavioral Health
    • Care Coordination
    • EMR/EHR
    • Interoperability
    • Patient Engagement
    • Population Health Management
    • Revenue Cycle Management
    • Social Determinants of Health
  • Digital Health
    • AI
    • Blockchain
    • Precision Medicine
    • Telehealth
    • Wearables
  • Life Sciences
  • Investments
  • M&A
  • Value-based Care
    • Accountable Care (ACOs)
    • Medicare Advantage

Transcarent Raises $58M for Consumer-Directed Care Platform for Self-Insured Employers

by Jasmine Pennic 06/10/2021 Leave a Comment

  • LinkedIn
  • Twitter
  • Facebook
  • Email
  • Print
Transcarent Raises $58M for Consumer-Directed Care Platform for Self-Insured Employers

What You Should Know:

– Transcarent, a San Francisco, CA-based provider of consumer-directed healthcare to self-insured employers, just announced $58M in Series B funding led by many of the top health and tech investors, bringing its total funding to $98M.

– Led by CEO Glen Tullman, an industry veteran who previously led Livongo and Allscripts, Transcarent is overhauling the self-insured healthcare industry – a market that is long overdue for disruption. Despite numerous efforts and billions of dollars fueling a digital health revolution, employer healthcare costs continue to spiral out of control.

To solve it, Transcarent’s approach is to shift power back to employers who’ve traditionally not had much leverage to negotiate better deals with providers, shouldering much more of the risk associated with achieving better outcomes. For employees, who have for too long endured higher-priced care for less-than-satisfactory outcomes, they get a personalized, concierge-style healthcare experience. However, assuming risk is not without its own entrepreneurial risks.

Results/Outcomes

Transcarent increases access to high-value care for self-insured employers and their employees while also better managing costs. To date, the company’s solutions have delivered some impressive results: 

– 21% of patients have received a change/correction in diagnosis 

– 72% of existing treatment plans were corrected or changed 

– 40% of patients avoided unnecessary surgeries or procedures 

– Members seeking care are connected with a provider in 60 seconds, on average 

– Surgery solution model provides an average overall net savings of 50% per procedure 

“We believe the next 18 months will define the next five years in healthcare, and much of that innovation centers around two words: experience and alignment,” said Glen Tullman, CEO of Transcarent. “There’s an extraordinary amount of friction in today’s healthcare journey which makes their experience more confusing, complex, and costly than ever.  Siloed point solutions and navigators don’t improve people’s experience and don’t address the lack of alignment with the true payers in healthcare: employers and the people who work for them.  Transcarent will remove the unnecessary barriers and provide employees with the right resources to make informed decisions for themselves and their families and at a better value for their employers.” 

  • LinkedIn
  • Twitter
  • Facebook
  • Email
  • Print

Tap Native

Get in-depth healthcare technology analysis and commentary delivered straight to your email weekly

Reader Interactions

Primary Sidebar

Subscribe to HIT Consultant

Latest insightful articles delivered straight to your inbox weekly.

Submit a Tip or Pitch

Featured Interview

Reach7 Diabetes Studios Founder Chun Yong on Reimagining Chronic Care with a Concierge Medical Model

Most-Read

Epic Launches Comet: A New AI Platform to Predict Patient Health Journeys

Epic Launches Comet: A New AI Platform to Predict Patient Health Journeys

Preparing for the ‘Big Beautiful Bill’: How Digitization Can Streamline Medicaid Eligibility & Social Care Delivery

Preparing for the ‘Big Beautiful Bill’: How Digitization Can Streamline Medicaid Eligibility & Social Care Delivery

Evernorth Health Services Invests $3.5B in Shields Health Solutions

Evernorth Health Services Invests $3.5B in Shields Health Solutions

KLAS Report: Oracle Health Faces Customer Losses and Declining Satisfaction

KLAS Report: Oracle Health Faces Customer Losses and Declining Satisfaction

Tempus AI Acquires Digital Pathology Leader Paige for $81.25M

M&A:Tempus AI Acquires Digital Pathology Leader Paige for $81.25M

Mira Launches Ultra4™, the First At-Home Hormone Monitor with Lab-Quality Insights

Femtech: Mira Launches Ultra4™, the First At-Home Hormone Monitor with Lab-Quality Insights

How Healthcare CIOs Can Solve the Unstructured Data Crisis and Reduce Storage Costs

How Healthcare CIOs Can Solve the Unstructured Data Crisis and Reduce Storage Costs

Healthcare C-Suite Acknowledges AI Potential but Lacks Trust

Sage Growth Partners Report: Healthcare C-Suite Acknowledges AI Potential but Lacks Trust

EVERSANA and Waltz Health Merge to Redefine Pharmaceutical Commercialization

EVERSANA and Waltz Health Merge to Redefine Pharmaceutical Commercialization

Advancing Diabetes Care: Combating Burnout and Harnessing Technology

Advancing Diabetes Care: Combating Burnout and Harnessing Technology

Secondary Sidebar

Footer

Company

  • About Us
  • Advertise with Us
  • Reprints and Permissions
  • Submit An Op-Ed
  • Contact
  • Subscribe

Editorial Coverage

  • Opinion
  • Health IT
    • Care Coordination
    • EMR/EHR
    • Interoperability
    • Population Health Management
    • Revenue Cycle Management
  • Digital Health
    • Artificial Intelligence
    • Blockchain Tech
    • Precision Medicine
    • Telehealth
    • Wearables
  • Startups
  • Value-Based Care
    • Accountable Care
    • Medicare Advantage

Connect

Subscribe to HIT Consultant Media

Latest insightful articles delivered straight to your inbox weekly

Copyright © 2025. HIT Consultant Media. All Rights Reserved. Privacy Policy |