TLDR:
- Lumeris, a value-based care managed services operator, raised $100M in equity growth funding.
- The funding round was led by Deerfield Management and Endeavor Health.
Lumeris, based in St. Louis, MO, closed a $100 million equity growth funding round led by Deerfield Management and Endeavor Health. Existing investors, including Kleiner Perkins and BlueCross BlueShield Venture Partners, also participated in the funding. The company plans to use the funds to expand its provider partnerships with health systems and physician groups.
Led by CEO Mike Long, Lumeris uses an AI-powered technology stack to collaborate with health systems and physician practices across the country. By sharing risk and operational responsibilities, the company helps implement effective value-based models tailored to different populations, leading to improvements in quality metrics, patient experience, physician satisfaction, and reductions in total cost of care across various populations.
Mike Long, the CEO of Lumeris, expressed that the recent investment will allow the company to meet the growing demand from provider partners looking to adopt value-based models. This funding will further support Lumeris’ expansion in the healthcare space and enhance its impact on improving healthcare outcomes and reducing costs.
