As the healthcare industry relocates to value-based care, physician practices and health networks require to shift the important things they bill for. Now it’s about maxing out client “care” rather than the variety of treatments physicians can perform.
In this relocate to a more high-touch, quick interaction world where doctors need to take (and document) every step to make sure that their clients remain on their medication, come in for their routine check-ups and receive follow ups on their preliminary visits, a service like Stellar Health that supplies a checklist for practitioners looks actually attractive to financiers.
The two-year-old business did not state in a declaration when the round closed, however it has actually been broadening considerably without the infusion of additional capital. It already is selling services in networks across 11 states. The brand-new money will take the business’s operations to more states around the nation and double the size of its team, according to a statement. By the end of 2020, Stellar Health expects to have consumers managing care for a minimum of 100,000 patients through its platform, according to a statement.
“Stellar Health has the potential to change healthcare by increasing the number of providers who effectively adopt value-based care designs,” stated Sri Chandrasekar, partner at Point72 Ventures. “They have developed a advanced and user-friendly platform to drive VBC in the U.S. and we are thrilled to help them construct on that momentum.”
Article curated by RJ Shara from Source. RJ Shara is a Bay Area Radio Host (Radio Jockey) who talks about the startup ecosystem – entrepreneurs, investments, policies and more on her show The Silicon Dreams. The show streams on Radio Zindagi 1170AM on Mondays from 3.30 PM to 4 PM.