Wayspring, formerly axialHealthcare, a Nashville, Tenn.-based value-based care entity, raised $75m in funding.
Backers included Valtruis, Centene Corporation, CareSource, HLM Venture Partners, Highmark Ventures, .406 Ventures, the Blue Venture Fund, and Oak HC/FT.
The company will use the capital to scale its value-based care solution, a full-risk medical home model for substance use disorder (SUD).
Led by Carter Paine, Chief Executive Officer, Wayspring is a value-based care entity exclusively focused on substance use disorder. The company leverages data analytics to outreach to the highest-risk individuals and deliver high-touch, community-based peer support, behavioral health, and primary care.
Wayspring also partners with existing provider networks to refer members to high-quality treatment, facilitate care transitions, and improve adherence to evidence-based medicine.
Since launching its member-facing SUD management solutions with three health plans in 2020, the company has driven significant savings through the reduction of inpatient treatment readmissions, hospital admissions and emergency department visits.
FinSMEs
29/09/2021