What You Should Know:
– Commons Clinic, the branded, value-based health system offering all-inclusive, expert care for spine, orthopedics, and pain management, announced its $19.5M Series A financing led by RA Capital Management with participation from existing investors Floating Point and Courtside Ventures as well as new investor Time BioVentures.
– The latest financing brings Commons Clinic’s total funding to $33.5M including investments from industry-pioneering angels such as Elliot Cohen (Co-Founder, Pillpack), Mike West (former CEO, Rothman Orthopedics), and founders from Cityblock Health, CityMD, PatientPing, Elemy and more.
Commons Clinic is a branded, independent, value-based health system ushering in a new era of service that isn’t held hostage by today’s stagnant hospital-centric model. Commons Clinic’s approach rearchitects the core components of an integrated delivery network and sees the company own 100 percent of the care platform woven together with native technology. With its group of top orthopedic physicians, beautifully branded care centers, a network of state-of-the-art surgical facilities, and native virtual clinic, Commons Clinic offers consumers all-inclusive care programs for total joint replacements, spinal fusions, and more.
The company’s vertical integration is key—giving the organization unparalleled control over care, experience, and costs to win value-based care and earn long-term consumer loyalty. Its simple and transparent bundled payments (surgical and non-surgical) are ideal for both health plans and employers, guaranteeing savings while offering plan members a high-value alternative to high-cost hospitals.