UpStream Health care, a managed services organization, has actually raised $140 million in a series B financing round.
The round was co-led by Coatue and Dragoneer along with involvement from Avidity Partners, Define Ventures and Mubadala. Upstream deals with value-based suppliers serving Medicare clients and has raised nearly $185 million to date. It plans to utilize the funding to scale nationwide.
The business embeds pharmacist-led care teams into medical care practices and supports clinicians with a platform that anticipates client requirements, supports patient care, enhances quality and assists coordinate care.
UpStream takes on complete risk for patients and developed its platform to improve both results and financial performance, executives stated.
So far, UpStream declares to have actually helped its provider customers decrease post-acute and inpatient care spend by 20% while preserving an average 4.5-star quality performance for patients. The business currently operates in North Carolina, Virginia and South Carolina.
More than 2,900 physicians offering care to 175,000 senior patients now utilize UpStream's platform, assisting guarantee better outcomes and monetary performance. The company has actually revealed new 2023 network relationships such as with Community Care Physician Network in North Carolina, Tidewater Medical Group in Virginia and Medical University of South Carolina Health Alliance together with independent doctor association Primary Care Associates in South Carolina.