Wellvana Health Announces $84 Million Capital Raise to Drive Innovation in Value-Based Care Enablement

$140 million in funding raised since November 2020 Wellvana Health announced today that it has closed an $84 million capital raise to drive innovation in value-based care enablement for independent primary care physicians, specialists, and health systems. The investment is co-led by Nashville-based Heritage Group and Valtruis, a Welsh, Carson, Anderson & Stowe (WCAS) company, and joined by Memorial Hermann Health System, the largest not-for-profit health system in southeast Texas. This round brings Wellvana’s total funding since November 2020 to approximately $140 million. Nashville-based Martin Ventures led former funding rounds with partnership from First Trust Capital Partners and Adam Boehler. This investment comes as Wellvana has established presence in 22 states, partnering with physicians, home-health agencies, skilled nursing facilities and health systems to transition from traditional fee-for-service payment models to value-based or full-risk capitation contracting. The investment in Wellvana will support continued growth in existing markets and new U.S. geographies. “Wellvana exists to help doctors deliver life-changing health care to their patients,” said Kyle Wailes, Chief Executive Officer at Wellvana. “We are taking a differentiated value-based care approach that only succeeds when two things align: data-driven technology and high-touch human engagement. Our model is working; savings rates are strong for our physician partners with improved ...
Source: EMR and HIPAA - Category: Information Technology Authors: Tags: Health IT Company Healthcare IT 2023 ACO REACH Adam Boehler Center for Medicare and Medicaid Services CMS Devin Carty Feby Abraham Ph.D. First Trust Capital Partners Health IT Funding Health IT Fundings Health IT Investment Heritag Source Type: blogs