- Leading eConsult platform RubiconMD announced it raised $18 million in Series C funding led by Deerfield Management Company
RubiconMD — a leading eConsult platform providing access to specialist expertise — announced it raised $18 million in Series C funding led by Deerfield Management Company. Existing investors Optum Ventures, HLM Venture Partners, Waterline Ventures, and Heritage Provider Network also participated in the round. Including this funding round, RubiconMD has raised over $40 million.
In connection with the funding round, RubiconMD is adding Deerfield partner Julian Harris, M.D. to the company’s Board of Directors. Dr. Harris is known for playing a key role in helping to accelerate the country’s shift towards value-based payment through senior roles in the public and private sector.
RubiconMD CEO Gil Addo and President Carlos Reines were motivated by their own experiences within the healthcare system while leading this company. And they founded RubiconMD in 2013 to bridge the gap between primary and specialty care. Now the platform offers quick access to specialist insights across more than 120 specialties. Plus the company has partnered with the top payors in the country to scale its offering.
With this round of funding, RubiconMD expects to use the new capital to fuel its ongoing growth. And RubiconMD also plans to utilize its data to deliver new product offerings to better serve primary care clinicians.
RubiconMD democratizes medical expertise by connecting primary care clinicians to top specialists. And with its digital platform, RubiconMD enables the remote exchange of insights between clinicians that eliminates unnecessary referrals and services, reduces patient wait time and travel burdens, and allows primary care to practice at the top of their license.
Key Quotes:
“We are at a crucial moment in the shift towards a value-based health care system, with private and public payers seeking to find innovative ways to improve quality and affordability. By enabling primary care clinicians to practice at the top of their license, RubiconMD serves as a vital partner for the country’s most innovative primary care groups, helping them to improve outcomes for patients and to reduce costs for our system.”
-Deerfield partner Dr. Julian Harris, M.D.
“By removing the barriers to receiving specialty insights in all settings of care, RubiconMD is driving healthcare towards a more accessible, value-based ecosystem. RubiconMD has seen remarkable growth and we are thrilled to continue partnering in their work to bring the healthcare industry into the future.”
-Laura Veroneau, Partner at Optum Ventures
“We are delighted to bring on Deerfield as an investor. Deerfield’s experience, reach and commitment to realizing the future of healthcare will be pivotal as we continue to break down barriers to access and ensure all patient populations receive the care they need.”
-RubiconMD CEO Gil Addo
“Our goal has always been to empower primary care. We remain focused on ensuring that the right information is delivered into the hands of the primary care clinician at the right time, so they are able to drive towards better, more efficient care delivery.”
-RubiconMD President Carlos Reines
