What You Should Know:
– Vytalize Health raises over $50 million to advance its value-based care platform for seniors helping primary care doctors strengthen relationships with their patients through data-driven, holistic, and personalized care.
– Led by Enhanced Healthcare Partners, the financing round signals an enormous opportunity for Vytalize Health to accelerate the adoption of value-based care programs by providers.
Vytalize Health, a leading value-based care platform for seniors, announced it has closed over $50 million in Series B financing led by Enhanced Healthcare Partners. The round was also joined by Series A lead Kittyhawk Ventures, as well as Kawn Ventures, North Coast Ventures, and other existing investors.
Specializing in Medicare Value-Based Care Programs
Vytalize Health started as a Medicare-focused primary care practice in New York in 2014. The company developed a vertically integrated solution combining a risk-bearing entity, virtual and in-home clinic, and broad technology platform, which they then began offering to other primary care practices in 2017. Vytalize provides an all-in-one solution including value-based incentives and smart technology that enables small and large independent practices to be successful in value-based care arrangements. Today, the company leverages this dynamic approach to support physicians caring for 130,000 senior patients. Last year, Vytalize acquired patient communication company MedPilot to allow them to manage the last mile of patient engagement.
The company is now integrating the rest of the downstream network, including hospitals, specialty networks, ancillary providers, and digital health companies, to streamline the delivery ecosystem from end to end. The company will use the new capital to continue investing in its care delivery infrastructure, partner with Medicare Advantage and commercial plans, and expand its team.
Vytalize Health has grown its patient base 150% year over year and is now partnered with 280 primary care practices across 16-states. The company’s all-in-one, vertically integrated solution for value-based care delivery is responsible for $2 billion in medical spending. The company is expanding into new markets while increasing the concentration of practices in existing ones and has begun contracting with regional and national Medicare Advantage plans.
“Our goal is to strengthen the special relationship between patients and their primary care doctors, which becomes the foundation for realizing the full potential of value-based care,” said Vytalize Health CEO Faris Ghawi. “We’re witnessing new frontiers that were previously unimaginable in healthcare, and we’re excited to enable our doctors to be at the cutting edge of this next chapter.”