Lumeris, a leading healthcare technology and consulting firm, has successfully secured $100 million in equity capital to enhance its services in value-based care solutions. This investment round was spearheaded by Deerfield Management and Endeavor Health, with participation from notable investors such as Kleiner Perkins, Sandbox Industries, BlueCross BlueShield Venture Partners, and JDLinx.
Lumeris specializes in providing innovative technology and consulting services to health systems and physician groups, with a focus on value-based care models. Unlike traditional fee-for-service arrangements, where healthcare providers are reimbursed per procedure or visit, value-based care emphasizes payments based on patient outcomes and overall health management. This approach encourages healthcare providers to prioritize preventive care and wellness initiatives, thereby reducing the need for expensive interventions in the future.
In a statement, Lumeris Chairman and CEO Mike Long expressed confidence that the additional capital will enable the company to meet the growing demand for value-based payment models within the healthcare industry. He emphasized the importance of motivating healthcare providers to keep patients healthier and prevent avoidable medical expenses.
The expansion efforts fueled by this capital infusion will further strengthen Lumeris’ position in the market. The company’s core focus lies in supporting health systems and physician groups in transitioning to value-based care arrangements, thereby improving patient outcomes while optimizing healthcare costs.
Lumeris is also recognized for its subsidiary, Essence, which operates a substantial Medicare Advantage business. As the parent company of Essence, Lumeris uses its experience to drive operational efficiency and quality outcomes within the insurance sector, particularly in Medicare Advantage plans.
The growth of value-based care models has gained significant momentum in recent years, driven by the need to address rising healthcare costs and enhance patient care experiences. Lumeris’ strategic approach aligns with this industry’s shift towards value-based reimbursement, reflecting a broader trend towards outcome-driven healthcare solutions.
With this latest funding round, Lumeris aims to accelerate its technological innovations and consulting services, empowering healthcare providers to adopt sustainable and patient-centric care delivery models. The company remains committed to advancing the adoption of value-based care across the healthcare ecosystem, ultimately benefiting patients, providers, and payers alike.
