What You Should Know:
- Value-based healthcare platform Car Health today announced an oversubscribed $45 million Series B financing led by OMERS Growth Equity.
- The funding will be used to scale the company’s oncology and surgical care service lines for self-insured employers through Carrum Health’s Centers of Excellence network.
Surgery and cancer care have never been better.
Founded in 2014, Carrum Health is a value-based healthcare platform delivering higher quality care while helping self-funded employers immediately reduce their spend for the most prevalent and costly conditions including cancer, musculoskeletal, cardiovascular, and bariatric. Utilizing a Centers of Excellence (COE) network, with an all-inclusive pricing model and a 30-day warranty on care, Carrum members receive surgical and cancer treatment guidance and coordination through the entire care journey with upfront pricing, ensuring the highest quality, most appropriate care. Carrum Health’s COE solution not only reduces unnecessary procedures by as much as 30%, leading to better patient outcomes, it can result in savings of up to 45% per care episode, according to a published study by the RAND Corporation.
“Every business in America is looking to manage costs, but they can’t afford to sacrifice the benefits they offer employees. Carrum Health firmly believes that the path to reducing healthcare costs starts with delivering higher quality care,” said Carrum Health CEO Sach Jain. “Our COE solution is proven to deliver significant savings on healthcare spend and generate measurable cost savings within the first year of deployment. In a time when employers are looking to consolidate benefits, we’ve seen 100% year-over-year growth in new customers and zero churn of existing customers.”