Pair Team Raises $9 Million Series A to Expand Access to Health Care Services for Medicaid ’ s Most Vulnerable Patients

Through its Value-Based Care Enablement Solution, the Round Advances the Company’s Efforts to Improve Care Across California Pair Team, a virtual and community-based primary care solution connecting Medicaid’s highest-risk patients to high-quality care, today announced it has raised $9 million in Series A funding. The financing was led by NEXT VENTURES, with participation from PTX Capital, Create Health Ventures, OCA Ventures, CHCF Innovation Fund, Kapor Capital, Augment Ventures, Newark Venture Partners,  Y Combinator, Kleiner Perkins, Gaingels, and several notable healthcare angel investors including Jay Desai. The funding will be used to help Pair Team accelerate its expansion across California by enabling the company to grow its network of safety net organizations and scale its current team to support additional patients. Since January 2022, the Centers for Medicare & Medicaid Services (CMS) and other federal agencies have had their eyes on California with the launch of the nation’s largest-ever program to transform the healthcare system for vulnerable communities. With nearly $10B in total funding, California Advancing and Innovating Medi-Cal (CalAIM) is integrating social support services such as housing, food access, and transportation through local health plans for low-income residents. The goal is to elevate the role of community-based organizations (CBOs) such as shelters, food pantries, and rehab facilities in the care delivery ...
Source: EMR and HIPAA - Category: Information Technology Authors: Tags: Health IT Company Healthcare IT Augment Ventures CHCF Innovation Fund Create Health Ventures Gaingels Health IT Funding Health IT Fundings Health IT Investment Jay Desai Julian Eison Kapor Capital Kleiner Perkins Neil Batlivala Source Type: blogs