Value-based care strategy company Lumeris secures $100M

Lumeris, a company specialising in value-based care strategies, technology, and operations, has successfully raised $100 million in equity capital, led by Deerfield Management. Endeavor Health joined as a new investor, while BlueCross BlueShield Venture Partners, Sandbox Industries, Kleiner Perkins, and JDLinx also participated in the funding round.

The Missouri-based firm collaborates with health systems and care providers to transition their practices to value-based care systems through technology-driven solutions and care provider services. The raised capital will fuel the company's expansion of provider partnerships.

Vincent Mellet, partner at Deerfield Management, praised Lumeris for its innovative technology and risk management capabilities, highlighting its ownership and management of a Medicare Advantage plan that has consistently earned a five-star rating over the past three years.

Lumeris has a history of successful collaborations, including a partnership with Stanford Health Care to expand a Medicare Advantage plan and facilitate the transition to a value-based care model. Additionally, the company worked with Northeast Georgia Health System to enhance population health capabilities and formed a strategic partnership with Integrated Physician Network in Denver to improve value-based care delivery.

In recent years, Lumeris has bolstered its executive leadership team, appointing Jean-Claude Saghbini as Chief Technology Officer, Julie Hammes as Senior VP of People and Culture, and Umar Farooq as President of its Medical Advantage Plan affiliate, Essence Healthcare.

The company's endeavours align with a broader trend towards advancing value-based care delivery, as seen with investments in companies like Reveleer and Aledade, which focus on healthcare data analytics and tech-enabled accountable care organisations, respectively.

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