Lumeris, a St. Louis, MO-based value-based care managed services operator for health systems and providers, raised $100M in equity growth funding.
The round was led by Deerfield Management, and Endeavor Health. Existing investors Kleiner Perkins, Sandbox Industries, BlueCross BlueShield Venture Partners and JDLinx (an investment company owned by John Doerr) also participated.
The company intends to use the funds for expansion in provider partnerships, including health systems and physician groups.
Led by CEO Mike Long, Lumeris leverages an AI-powered technology stack to collaborate with health systems and physician practices nationwide, sharing risk and operational responsibilities to implement the most effective value-based models tailored to each population, resulting in improved quality metrics, enhanced patient experience and physician satisfaction, and reductions in total cost of care across Medicare Advantage, Traditional Medicare, Medicaid, and Commercial populations.
Commenting on the news, Mike Long said: “This recent investment will further enable us to meet the growing demand from our provider partners to adopt value-based models.”
FinSMEs
24/04/2024