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

  • COVID-19
  • Opinion
  • Health IT
    • Behavioral Health
    • Care Coordination
    • EMR/EHR
    • Interoperability
    • Patient Engagement
    • Population Health Management
    • Revenue Cycle Management
    • Social Determinants of Health
  • Digital Health
    • Artificial Intelligence
    • Blockchain
    • Mobile Health
    • Precision Medicine
    • Telehealth
    • Wearables
  • Startups
  • M&A
  • Value-based Care
    • Accountable Care (ACOs)
    • Medicare Advantage
  • Life Sciences
  • Research

Pearl Health Raises $18M to Support Independent Primary Care Physicians

by Fred Pennic 09/22/2021 Leave a Comment

  • LinkedIn
  • Twitter
  • Facebook
  • Email
  • Print
Pearl Health Raises $18M to Support Independent Primary Care Physicians

What You Should Know:

– Pearl Health, a New York City-based primary care physicians (PCP) group today announced it has raised $18M in Series A funding led by a16z, with AlleyCorp and Kevin Ryan participating.

 – Co-founded by Dr. Jeffrey De Flavio (founder of Groups: Recover Together), Michael Kopko (Oscar Health, Bridgewater Associates) and Ankit Patel (CMS Innovation Center, Clover Health), Pearl offers PCPs a fixed per-member-per-month payment for each Traditional Medicare member in your practice, allowing you to focus on your patients rather than worrying about cash flow. 

–  The Series A funding will be used primarily to strengthen the team, support physicians, and build the technology needed to enable primary care physicians to succeed in value-based care models.

Creating an efficient marketplace for healthcare risk

Pearl focuses on individual physicians and seeks to empower them to care for their patients with the support of more technology, more proactively and more efficiently. The company is starting in Traditional Medicare (TM), generating a per-member-per-month payment structure for each of their partner doctors to free them to prioritize prevention, and focus on the patients that need care at each moment in time. This structure also re-orients physician partners around a win-win-win opportunity for patients, physicians, and the healthcare system: they receive savings proportional to their individual performance, if they can improve health outcomes and efficiently manage a global budget for the care of their patients. To enable physician partners to succeed, Pearl is building an inter-operable layer of technology that connects physicians to their patients directly, asynchronously, and outside of EMRs, to help them avoid the waste and unnecessary hurdles scattered throughout their current workflows, while simultaneously giving them access to the first dollar in healthcare.

“Our healthcare system costs every American more than four years of life and wastes more than $4,000 per person annually. That’s 1.2 billion people years and $1.2 trillion dollars,” said Michael Kopko, CEO of Pearl. “Economic alignment with patient outcomes will both catalyze innovation and ensure attentive patient management – liberating physicians to practice medicine as they see fit and putting them at the center of value-based care, rather than relegating them to aggregated widgets in administratively-driven ACOs. That’s why we formed Pearl and are teaming up with the brilliant platform teams at a16z and AlleyCorp.”

  • LinkedIn
  • Twitter
  • Facebook
  • Email
  • Print

Tagged With: physicians, Primary Care

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

Knowledge Hub

 How Top Health Plans Use AI to Save Money and Work Smarter How Top Health Plans Use AI to Save Money and Work Smarter

 How to Build Hybrid Care Models Around Remote Patient Monitoring How to Build Hybrid Care Models Around Remote Patient Monitoring

Trending

Metriport Launches Open-Source API to Instantly Pull Medical Records from Any EHR

Metriport Launches Open-Source API to Instantly Pull Medical Records from Any EHR

Nearly Half Of Consumers Report Their Healing has Been Directly Impacted by Difficulty Paying Medical Bills

Consumers Cite Healthcare Affordability as Biggest Concern to Paying Medical Bills

Mayo Clinic, GE HealthCare, Partner on Medical Imaging and Theranostics Innovation

Roundups: 16 Recent Strategic Digital Health Partnerships

How Telehealth Can Combat Clinician Burnout

How Telehealth Can Combat Clinician Burnout

Q/A: DocStation CEO Shares How AI Will Help Pharmacies Use the DIR Fee Changes to Their Advantage

Q/A: DocStation CEO Shares How AI Will Help Pharmacies Use the DIR Fee Changes to Their Advantage

Debunking Myths About Virtual Care to Drive Health Equity

Debunking 3 Myths About Virtual Care to Drive Health Equity

Provider AI Strategy Moves From The IT Dept. To The C-Suite

Notable Launches ChatGPT-Like Assistant for Patients

Notable Launches ChatGPT-Like Assistant for Patients

Intermountain to Replace Cerner with Epic Enterprise EHR by 2025

Intermountain to Replace Cerner with Epic Enterprise EHR by 2025

M&A: PE Firm Acquires NextGen Healthcare EHR for $1.8B

M&A: NextGen Healthcare EHR Acquired by PE Firm for $1.8B

Secondary Sidebar

Footer

Company

  • About Us
  • Advertise with Us
  • Reprints and Permissions
  • 2023 Editorial Calendar
  • 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 © 2023. HIT Consultant Media. All Rights Reserved. Privacy Policy |