Lumeris, a prominent startup in value-based care technology, announced today the completion of a $100M equity capital raise led by Deerfield Management and new investor Endeavor Health, with continued support from existing stakeholders.
The new funding shows Lumeris' decade-long success in delivering top-notch care results for providers and patients.
Notably, the recent funding will support the expansion of Lumeris' partnerships with some of the largest health systems and physician groups in the country, aiming to enhance the quality and affordability of healthcare.
Mike Long, Chairman and CEO of Lumeris, shared,
"Our consistent ability to manage value-based populations across various segments, including Medicare Advantage and Medicaid, has proven highly effective in improving outcomes and managing healthcare costs. This capital infusion will help us further satisfy the increasing demand for value-based care models from our provider partners."
Lumeris stands out with its comprehensive approach, integrating essential tools, capabilities, and expertise within a shared risk model to ensure providers meet their value-based care goals.
Recently, the Healthcare Technology Report praised the company for its exceptional software solutions, which are exclusively available to Lumeris partners.
Moreover, Lumeris operates Essence Healthcare, a top-rated Medicare Advantage plan that has achieved a CMS 5-star rating for three consecutive years.
Vincent Mellet, Partner at Deerfield Management, highlighted Lumeris' distinctive capabilities,
"Lumeris' mastery in technology and risk management, evidenced by its long-term success with its Medicare Advantage plan, sets a standard in our commitment to advancing high-quality patient care."
Conclusion
With this new round of funding, Lumeris is aimed to scale its innovative value-based care solutions further, collaborating with healthcare providers to enhance patient outcomes and reduce overall costs effectively.
The investment validates Lumeris’ role as a pivotal player in transforming healthcare through technology-driven solutions and strategic partnerships.
