The $71 million received by Lumeris in private equity is included in the more than $2.2 billion (as cited by Rock Health) invested in the broad category of digital health care as a result of health care reform.
Lumeris is featured as raising $71 million in funding from private equity companies.
As providers assume greater risk from payers, they are requesting accountability from consumers. But, how do providers engage and empower consumers to make educated health choices and become partners in their own health care? In this point of view, Lumeris offers five, interrelated strategies, based on 10 years of value-based care experience, to help guide accountable providers to successfully engage patients for better clinical and financial outcomes.
A MoneyTree report, compiled by PriceWaterhouse Coopers and the National Venture Capital Association using data from Thomson Reuters, says Essence Group Holdings Corporation was one of six St. Louis companies to complete fund-raising during the quarter. Venture capital firms invested $78.5 million in St. Louis companies during the third quarter, the largest amount in nearly three years, but 90 percent of the money went to Lumeris.
Director of Innovation Research at Lumeris Dr. Tom Doerr shares strategies for reducing primary care physician frustration in a contributed article, “How to achieve the Triple Aim plus physician satisfaction” posted to KevinMD.com
Lumeris was mentioned in Site Selection Magazine’s annual “Texas Wide Open for Business” issue. The article cites Lumeris’ Austin innovation center and quotes Mike Long and John Doerr.
Lumeris’ capital raise of $71 million is featured as part of the “enormously successful year” in the $2.2 billion invested in the digital health industry (as reported by Rock Health) in just the first half of 2014, which has already surpassed all of 2013.
Client: Essence Healthcare – Lumeris used the Collaborative Payer Model between payers and providers. A mentorship program to align physician behaviors around accountability to achieve the Triple Aim Plus One was also incorporated to achieve the desired outcomes. The Accountable Delivery System Platform (ADSP)® was deployed to enable the financial and clinical management of the defined population, resulting in nearly 65% MCR (2013 before physician compensation distribution), a 30% reduction in costs and 40% reduction in readmission rate compared to an unmanaged population.
Lumeris is referenced as one of the top examples of the digital health funding uptick.
Apple’s iWatch is just part of the health care market’s interest in the future of digital delivery. The industry in just the first half of 2014 has seen $2.3 billion in private investment, and Lumeris’ capital raise of $71 million is featured as part of that investment. According to the article, the “funding frenzy” in 2014 could end up being a 200% increase over 2013.