We are thrilled to announce that we have raised $100 million in funding led by Enhanced Healthcare, to advance value-based care and strengthen primary care practices.
In spring 2022, we secured $50 million in series B funding to invest in care delivery infrastructure, evolve our business to support key evolutions in healthcare, expand our people resources and provide the best experiences for providers and patients.
The current healthcare system has essentially taken the “health” out of healthcare, prioritizing volume over value. Though Medicare was created to improve both access to quality care and economic security, as the aging population continues to grow, healthcare spending in turn continues to increase. In fact, Medicare spending grew 8.4% to $900.8 billion in 2021 and this number is expected to exponentially increase as the entire baby boom generation reaches Medicare eligibility in 2030.
Instead of the traditional fee-for-service model where providers are paid for administering a multitude of services that have little to no impact on improving patient health outcomes, we incentivize wellness and whole-person health through value-based care. While independent PCPs often face financial challenges and additional difficulties like dealing with policy changes, and lack of access to data and analytics, we work to address those challenges and overcome barriers by providing smart data-driven solutions tailor-made for partner providers and patients.
Here is how we have accelerated value-based care and impacted patient experience in the last two years:
We know that most providers care deeply about quality but lack the necessary tools to surface potential care gaps that they may not see. At Vytalize, we empower providers to move past the apprehension that comes with leaving the comfort of fee-for-service behind, encouraging them to truly see the benefits of providing high-value care rather than lower value services.
Most ACOs approach value-based care as one size fits all, which can deter most providers from taking the leap because each practice has different needs. Addressing unique issues with a generic solution rarely improves patient outcomes. Providing an all-in-one solution tailored for each practice makes all the difference. Here are a couple of quick examples of activities that we do:
162 of the best and brightest joined us to transform healthcare for the better.
We added innovative industry experts to our leadership team:
Everything that stems from an organization is a product of its culture. Here is a taste of ours:
Our Mission: To accelerate the transition to value-based care for patients by taking care of the doctors who take care of us
Our Vision: To be the best facilitator of people's healing through care that's personalized, evidence-based and kind
Here are a few of our guiding values and principles that we share:
The last two years were full of growth for Vytalize. Join us as we continue to advance value-based care in the years to come.