What You Should Know:
– St. Louis-based, privately held Lumeris announced the completion of a $100M equity capital raise.
– The funding round was led by Deerfield Management, a longstanding lender, and new investor Endeavor Health. Existing investors Kleiner Perkins, Sandbox Industries, BlueCross BlueShield Venture Partners and JDLinx (an investment company owned by John Doerr) participated in the round.
Advancing Value-Based Care: Lumeris’ Decade of Excellence and Future Commitments
For over a decade, Lumeris has been at the forefront of delivering exceptional value-based care outcomes for healthcare providers and their patients. This infusion of new capital underscores the commitment to supporting the rapid expansion of Lumeris’ provider partnerships, which now include some of the nation’s largest health systems and physician groups. Lumeris equips these partners with cutting-edge technology and streamlined care delivery processes, enabling them to achieve remarkable improvements in both healthcare quality and cost-effectiveness.
Through an innovative shared risk model that integrates essential tools, capabilities, and expertise, Lumeris ensures that its provider partners can confidently address both current and future value-based care requirements. Recently acknowledged by the Healthcare Technology Report for its outstanding software, exclusively accessible to Lumeris’ partners, the company also proudly oversees Essence Healthcare, the highest-rated Medicare Advantage plan in the industry, consistently earning a 5-star rating from CMS over the past three years.
Lumeris stands as a pioneer in the transformation of value-based care, leveraging technology-driven capabilities to establish a comprehensive care system that aligns with the expectations of every healthcare provider for their own family. As a trusted partner, Lumeris engages in collaborative ventures with premier health systems and physician practices across the nation, sharing in the risks and operational duties necessary to implement tailored, highly effective value-based care models for diverse populations.
“Our proven track record in enabling health systems and physician groups to manage all value-based populations, including Medicare Advantage, Traditional Medicare, Commercial, and Medicaid, has consistently delivered high-quality outcomes while effectively managing the total cost of care,” said Mike Long, Chairman and CEO of Lumeris. “This recent investment will further enable us to meet the growing demand from our provider partners to adopt value-based models.”
