First-Class Medical Provider Vori Health Raises $45 Million

By Noah Long ● May 27, 2021
  • Vori Health — a first-class medical provider for innovative musculoskeletal care through technology, community and care teams — recently announced it raised $45 million. These are the details.

Vori Health — a first-class medical provider for innovative musculoskeletal care through technology, community and care teams — recently announced their Series A funding of $45 million led by New Enterprise Associates, Inc. (NEA) with participation from current investors AlleyCorp and Max Ventures. And with the funding round, Vori will focus on technology, product, services, and data buildout, along with accelerated clinical and support-team growth.

Musculoskeletal pain and injury are known as the top cause of global disability, affecting 54% of the U.S. population and is one of the most expensive sectors in healthcare. And care today is difficult to navigate, unnecessarily high-cost, and objectively not evidence-based. Vori Health was established to combat these inequities by delivering a truly elevated, human-centered, patient care experience through cutting-edge technology, premium content, community, and multidisciplinary care teams.

Mohamad Makhzoumi of NEA is joining Vori Health’s physician-led Board of Directors composed of Chief Medical Officer and Co-founder Dr. Mary O’Connor who was previously Chair of Orthopedics at Mayo Clinic in Florida, Dr. Brenton Fargnoli who is Partner at AlleyCorp, and CEO Dr. Ryan Grant.

Vori Health believes in building a community for those suffering from musculoskeletal pain with the ethos that lasting behavioral change and treatment outcomes require a social connection as well as a clinical one. And the platform also provides a social network, group classes, educational content, community forums, blogging, live messaging, and immersive care.

Vori Health’s virtual-first program offers a variety of care solutions that can be customized to an individual patient’s needs. And as a full-stack medical provider, all patients have access to an integrated care team, care navigation, an ever-expanding library of educational content, and a growing suite of conditions treated. Vori’s existing and new partnership list continues to grow every day with a deluge of practice groups excited to engage with the company.

KEY QUOTES:

“Vori Health is ecstatic to announce our Series A with the world-renowned healthcare investment team at NEA. With the funding, we are excited to further develop our platform and better support patients with musculoskeletal pain and injury, while remaining focused on our mission to deliver innovative care that is human-centered and evidence-based.”

— Dr. Ryan Grant, Founder and CEO of Vori Health

“We’re thrilled to partner with Vori Health, which is bringing a clinically differentiated care model to the $300B musculoskeletal space. We’ve closely followed the ongoing shift to value-based care, and Vori’s all-inclusive, evidence-based, tech-enabled solution is well-positioned for continued growth. We’re excited to support Ryan and the Vori team to integrate a historically fragmented sector of healthcare, leading to more efficient musculoskeletal care management by providers and better outcomes for patients.” 

— Mohamad Makhzoumi, General Partner and Head of Global Healthcare Investing at NEA