Greater Good Health, a partner to risk-bearing healthcare organizations focused on managing the total cost of care, announced it has raised $20.5 million in a Series B financing round. The round was led by Allumia Ventures, alongside up to $12.5 million in venture debt from HSBC Innovation Banking.
New investors in the round include DaVita Venture Group and Granite Financial Holdings, the investment affiliate of Blue Cross of Idaho. Existing investors Flare Capital Partners, Optum Ventures, LRVHealth, Health Velocity, Martin Ventures, and Epsilon Ventures also participated.
The funding comes as the U.S. healthcare system continues to face mounting challenges related to rising costs, limited access to care, and an increasing shortage of primary care physicians. Greater Good Health aims to address these issues through a value-based care model centered on nurse practitioners leading care teams, particularly for Medicare patients in underserved markets.
The company currently serves more than 200,000 patients through its primary care clinics and integrated clinical services platform. Its approach involves partnering with health plans, hospital systems, and provider organizations to support proactive management of complex patient populations within value-based care arrangements.
Greater Good Health reports strong outcomes from its model, including achieving 4+ STAR quality performance, more than 200% growth in preventive care engagement, reductions in unnecessary acute admissions, and a patient Net Promoter Score above 90.
The company initially launched its first three primary care clinics in partnership with Humana in Montana. In December 2025, it expanded with a fourth clinic, its first in Idaho, through a partnership with Blue Cross of Idaho. The new funding will support continued development of the company’s value-based care platform, deeper payer partnerships, and geographic expansion into additional underserved markets.
KEY QUOTES
“As the country’s population ages, the traditional primary care model simply isn’t keeping up, clinically or financially. Healthcare is facing two very real challenges at the same time – a growing shortage of physicians and medical costs that continue to rise faster than outcomes. We built Greater Good Health to be practical and outcomes-focused, whether that’s when we’re working alongside primary care or whether we are primary care. By empowering nurse practitioners to lead care teams, we have built a proven care model that manages complex populations proactively and cost effectively, improving clinical outcomes while bringing discipline to medical spend. The healthcare system doesn’t need more complexity – it needs solutions that work.”
Sylvia Hastanan, Founder And CEO Of Greater Good Health
“The ongoing physician shortage remains one of the biggest challenges for our healthcare industry. Greater Good Health’s approach to empowering nurse practitioners to deliver high-quality value-based care is an innovative and successful approach to solving the problem. We believe deeply in Greater Good Health’s mission and are proud to support the team as they transform healthcare.”
Branden Fini, Partner At Allumia Ventures
