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axialHealthcare Rebrands as Wayspring, Raises $75M for Value-Based Care Solution

by Jasmine Pennic 09/30/2021 Leave a Comment

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axialHealthcare Rebrands as Wayspring, Raises $75M for Value-Based Care Solution

– Wayspring, formerly axialHealthcare, announced today its new name and a $75M investment from Valtruis, Centene Corporation, CareSource, HLM Venture Partners, and existing investors Highmark Ventures, .406 Ventures, the Blue Venture Fund, and Oak HC/FT.  Wayspring will use the capital to scale its value-based care solution, a full-risk medical home model for substance use disorder (SUD). 

– Using data analytics to drive high-touch, high-impact outreach to the most at-risk individuals, Wayspring’s SUD home model delivers community-based peer support, behavioral health services, and primary care. Wayspring also partners with existing provider networks to refer members to high-quality treatment, facilitate care transitions, and improve adherence to evidence-based medicine. 

– Since launching its member-facing SUD management solutions with three health plans in 2020, Wayspring has driven significant savings through the reduction of inpatient treatment readmissions, hospital admissions and emergency department visits.

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