There’s been a growing movement towards outcome-based healthcare payments as value-based care moves to the forefront of the discussion on how to contain ballooning healthcare costs. However, implementing true value-based healthcare is a challenge. In order for care teams to be incentivized to understand the full extent of a patient’s condition to provide comprehensive care plans, they need to track various records across disparate sources, introducing a logistical hurdle in terms of workflow. Stellar Health is a point-of-care platform that provides practitioners with an actionable checklist of recommended actions to improve patient outcomes and compliance based on clinical and behavioral data, broken into simple steps. The platform also includes an analytics suite and structured incentive payment program, both of which are designed to meet the needs of payors, providers, and healthcare systems by ensuring that providers are providing optimal care and being compensated for such while payors can rest assured that costs are contained and patient outcomes are optimized. Stellar currently has over 60+ collaborations, covering 300K patients across 20 states. AlleyWatch caught up with Stellar Health Cofounder and CEO Michael Meng to learn more about the future of value-based care, the company’s strategic plans, latest round of funding from investors that include General Atlantic, Point72 Ventures and Primary Venture Partners.
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The Weekly Notable Startup Funding Report takes us on a trip across various ecosystems in the US, highlighting some of the notable funding activity in the various markets that we track. The notable startup funding rounds for the week ending 10/2/21 featuring funding details for Gem, Sureify, Burro, and twenty-seven other rounds that you need to know about.
9 new deal totaling $360M+ in a BUSY day for NYC startup funding. The latest venture capital, seed, pre-seed, and angel deals for NYC startups for 9/29/2021 featuring funding details for Andela, Betterment, and much more.