Aligned Marketplace, a membership to a national network of value-based advanced primary care for employers, announced it raised $8 million in a seed funding round led by A* Capital and Maverick Ventures, with participation from Box Group, EPIC Ventures, Liquid2 Ventures, SV Angel, and other angel operators.
Launched last year, Aligned Marketplace provides personalized primary care to America’s workforce through a curated network of independent and advanced primary care providers across the U.S. And the growing network includes a diverse set of in-person and virtual advanced primary care options, with over 3,000 advanced primary care clinics nationwide. The founding team comprises Patrick Nelli, Crystale Dunn Lapham, Taylor Larsen, Peter Monaco and Alex Wess. The founding team has decades of varied and complementary experience across value-based care, primary care, data & analytics, and employee engagement at respected organizations like Health Catalyst, Aledade, Premise Health, T-Mobile, and Liberty Mutual.
Primary care relationships have been declining – which is a trend that has only been exasperated by the pandemic – with only 8% of Americans participating in a preventative visit with the same primary care provider three years in a row. And Aligned Marketplace helps the American workforce and their family members to find and form long-lasting and high-quality primary care relationships and lowers the cost for members to access these groups. Aligned Marketplace connects members with the advanced primary group that best suits their individual needs. Advanced primary care group recommendations are personalized to the individual member based on a number of factors, including location, patient reviews, culturally competent care, virtual support options, and mental health and physical therapy integration in the care model, and others.
Aligned Marketplace provides one contract for employers to enable their employees to access numerous advanced primary care groups while only paying for advanced primary care if medical cost savings are generated through high-quality care.
And Aligned Marketplace has signed up multiple employers and recently went live with advanced primary care groups and a publicly traded employer in the healthcare industry with several thousand plan members nationwide. And dozens of advanced primary care groups are working to join the marketplace, with groups like Aledade, Carbon Health, knownwell, Marathon Health, Next Level Medical, Nice Healthcare, Rezilient Health, Spora Health, Visana, and Wellvana already onboard.
KEY QUOTES:
”We are excited to bring members of employer health plans their strongest ally in the healthcare system: an accessible, aligned primary care provider who can be a trusted advocate for the member. We believe this relationship is key to increasing America’s healthspan and lowering total medical costs for employers.”
- Patrick Nelli, CEO and Founder of Aligned Marketplace
“Aledade and its partner practices have successfully driven $100’s of millions of total cost-of-care savings through high-access and high-quality care for all types of patients. We are excited to partner with Aligned Marketplace so that America’s workforce can better access the country’s best independent advanced primary care groups.”
- Farzad Mostashari, MD, CEO and Co-Founder of Aledade
“Marathon Health has provided employers high-quality primary care for decades, and our new partnership with Aligned Marketplace supports our rapidly expanding national footprint of owned near-site employer health centers. This exciting opportunity will help us reach more geographically dispersed employees and improve health outcomes.”
- Jeff Wells, MD, CEO and Co-Founder of Marathon Health
”We are big believers in the power of primary care to drive value to employers. Aligned Marketplace’s model creates a win-win-win for employers, employees, and providers. Patrick and the leadership team have years of experience in healthcare and are uniquely positioned to connect employers to higher quality care.”
- Ambar Bhattacharyya, Managing Director at Maverick Ventures
