Transcarent raises $ 200 million for self-employed care platform –

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Transcarent raises $ 58 million for self-insured consumer care platform

What you should know:

Transparent, a new and diverse company with experience in health and care for employees of self-insured entrepreneurs and their families, today announced a $ 200 million Series C round led by Kinnevik and human capital, with the participation of Ally Bridge Group and leading health systems, included Northwell Health, Intermountain Health, i Rush University Medical Center.

– The financing round also included the participation of existing investors, included general catalyst, 7wireVentures, Alta Partners, Merck Global Health Innovation Fund, Young Equity Partners, Threshold Ventures, i GreatPoint Ventures. This round brings Transcarent’s total funding to $ 298 million in just over a year.

Access ramp for self-employed workers and their employees

Healthcare systems are behind Transcarent because it is the first and only entity that really aligns incentives for all stakeholders by taking all the risk. By receiving a prepayment, providers can focus more on providing high quality care. At the same time, Transcarent’s customer service experience simplifies and expands access to care far beyond its traditional networks at lower costs.

Transcarent serves as an access ramp for self-insured employers and their employees to a new kind of experience different from anything in today’s healthcare. Transcarent offers personalized support for health and care for virtually all the most common and challenging needs, which includes not only essentials such as urgent care, but also low-cost medications, personalized assessment and support of health symptoms. behavioral care, along with, where appropriate, specialized care such as surgeries, home care, cancer, and second expert opinions.

Members have access 24 hours a day to 7 days a day to trusted and live digital guidance (real humans) and direct access to high value care. Most members do not receive invoices and are not responsible for co-payments and co-insurance. This is because Transcarent offers what no other company does today: a fully at-risk model that pays suppliers in advance for care and partners with employers without any initial fee or per employee per month ( PEPM).

“At Transcarent, we’ve created a new, different health and care experience that puts consumers at the forefront and is simply better aligned for employers, employees and their families, and providers who deliver high-quality care. in this country, “Glen said. Tullman, CEO of Transcarent. “Healthcare consumers want an experience that they can understand and feel comfortable with, that provides unbiased information, trustworthy guidance and easy access to high-value care and that always puts quality first. They want better solutions for daily care, for medications, for surgeries, for the care provided where and when they need it, ideally at home and not always during the day, and for high quality solutions for complex care Like cancer, and they want it all in one place. everyone likes what we are doing ”.

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