UpStream Raises $140M to Scale Value-Based Primary Care Support Services

UpStream Healthcare, which offers technology and support services for value-based primary care practices, raised $140 million in Series B funding. The Series B brings the startup's total funding pot to nearly $185 million. 

UpStream offers a tech platform and clinical support to practices that work with patients on Medicare and Medicare Advantage plans. 

The startup provides embedded clinical support teams that can assist primary care practices, like pharmacists or care coordination nurses. There are also off-site teams that can assist practices or patients during off-hours. 

UpStream's tools include a tech platform that uses EHR data, claims from payers and information patients discussed with their care teams to identify patients who need support and improve clinical workflows. The startup also touts a model that provides payments for quality during the performance year instead of payment received once the year has ended. 

"Primary care physicians are an integral part of the U.S. healthcare system, and all share a mission to see their senior patients live healthy, independent lives free from the burden of chronic disease. However, they often lack the resources and technology to achieve their goals while also struggling to thrive financially in the value-based care era. That's what UpStream brings to the table and is why we are seeing unprecedented adoption among major physician groups," Dr. Sanjay Doddamani, co-founder and CEO of UpStream, said in a statement. "We're honoured to have attracted such a diverse and stellar mix of top investors – each of whom brings unique quality and experience that'll be invaluable for us to continue growing."