Centivo has raised $75 million in equity and debt financing to advance its mission of making healthcare more affordable. The funding round included investors like JPMorgan Chase’s Morgan Health and will support scaling Centivo’s product offerings and partnerships with health systems. The company aims to reduce employee out-of-pocket costs by $1,200 annually through its three-part strategy, which includes a primary care model, direct contracts with accountable care organizations, and a tech-enabled platform.
This funding marks another significant step for Centivo, which previously raised $34 million in both its 2018 and 2020 rounds. CEO Ashok Subramanian highlighted that the new capital will expand access to affordable healthcare, benefiting employers and their employees alike.
Centivo’s approach focuses on cost transparency and patient outcomes, positioning the company to address the growing need for affordable healthcare solutions. With its enhanced technology and strategic alliances, Centivo continues to lead efforts in transforming healthcare accessibility and reducing financial strain on patients.
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