Carrum Health announced $40 million in Series A funding led by Tiger Global Management LLC, with participation from GreatPoint Ventures and Cross Creek and return investors Wildcat Venture Partners and SpringRock Ventures. The funding will help Carrum Health expand its offerings to more employers, provide access to additional healthcare services and enhance technology to support its fast-growing roster of clients and providers.
Carrum Health developed the first-ever digital marketplace that enables employers to purchase healthcare services directly from top providers for a bundled price. Carrum Health’s Centers of Excellence digital platform eliminates the complexities of co-pays, deductibles and coinsurance, while ensuring that patients get exceptional care, leading to better outcomes, at a lower, predictable cost. With this model, Carrum Health’s providers offer a 30-day warranty on each procedure, including any costs associated with the care. Because clinical quality is of utmost importance, Carrum Health evaluates both the COE and the surgeon with a proprietary 50-point evaluation process, ensuring only the top 10% of providers are invited to join the platform.
“Carrum Health caught our attention because they have created a technology solution that, when combined with a high-touch personalized service, is already bending the cost curve and improving the overall health and wellbeing of surgery populations,” said Ray Lane, managing partner at GreatPoint Ventures. “Carrum Health is changing both sides of the healthcare market, impacting how providers can build their practices and how employers procure and pay for their services. We are excited to help them expand their footprint nationally.”
Ablacon, which has developed an advanced mapping system to guide the treatment of atrial fibrillation, the most frequent cardiac arrhythmia, has closed a $30 million Series B funding round led by Zeus Health. Ablacon also added Dr. David Haines, Professor of Cardiovascular Medicine at Oakland University William Beaumont School of Medicine and Director of the Heart Rhythm Center at Beaumont Health, Royal Oak, MI, to the company’s scientific advisory board. To read more, click here.
Aspen RxHealth, a pharmacy service business that matches pharmacists with patients based on social and clinical factors to improve outcomes for health plans and other risk-bearing providers and improve the pharmacist-patient experience, has raised $23 million in a Series B round. Bessemer Venture Partners led the round, but other participants included Takeda Digital Ventures, dRx Capital (Novartis’ Digital Venture Fund), and McKesson Ventures. To read more, click here.
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