Stellar Health raised $60 million from General Atlantic and the cofounders of Oak Street Health.The funding round is the latest sign that investors are excited about value-based care.Stellar Health, a technology startup that helps doctors provide better care and pays them for it, just raised $60 million in a round led by General Atlantic.
Point72 Ventures and Primary Venture Partners also invested, along with Mike Pykosz and Geoff Price, the founders of the primary-care clinic chain Oak Street Health. The startup's software uses data from medical claims, hospital admissions, and labs to analyze patients' risks and suggest actions doctors can take to improve care, like ordering an overdue health screening or referring the patient to a specialist.
Stellar Health makes money from the health insurers and health systems that are on the hook for the quality and cost of patients' care. They pay to give primary-care doctors the software, and they stand to benefit from higher quality scores and lower costs, Meng said.
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