Pearl Health, a leading technology company focused on physician enablement and risk-bearing in value-based care, has raised $75 million in its Series B funding round, led by Andreessen Horowitz's Growth Fund and Viking Global Investors.
Pearl’s technology uses data science to help primary care providers focus their attention on the patients who are most likely to need it, enabling physicians and clinical staff to move toward a more proactive care model that allows them to invest in preventative care and provide more holistic, personalized treatment.
"We are grateful to have the support of such esteemed investors as we continue to build technology that enables physicians to provide better care for their patients and helps our healthcare system transition from volume to value," said Pearl Health Co-Founder and CEO Michael Kopko. "This latest round of funding, combined with our previous investments, will allow us to expand our network and accelerate the development of innovative solutions that place providers at the centre of healthcare delivery and cost management."
Over the past year, more than 800 primary care providers across the country partnered with Pearl, resulting in more than 10x year-over-year growth and expanding the company's reach from 10 to 29 states.
This growth reflects a powerful trend in healthcare toward physician enablement technology and programs that help providers perform in new value-based care payment models.
With this new round of funding, Pearl Health is well-positioned to continue to expand its reach within primary care, develop new partnerships, broaden the offerings it makes available to its provider partners, and invest more in research & development to accelerate innovation.
Join the HealthXL Masterclass on ‘How to Make Value-Based Health Care (VBHC) work with Digital Health?’ on 2nd February. Click here to Request to Join.
Click here to read the original news story.