Conduce Health – a multi-specialty value-based care marketplace providing turnkey solutions for primary care organizations and specialists – announced the closing of a $3 million seed round led by Connecticut Innovations with participation from AlleyCorp, CityLight, and other strategic investors.
Conduce’s marketplace offers a solution for primary care organizations managing specialty risk, local specialists, and single-specialty companies looking to take on higher patient volumes with risk-based economics.
Over 60% of medical expenditures in the US are for specialty care and the subsequent management of complex chronic diseases. With more than half of the Medicare population seeing 5+ specialists annually, Conduce’s specialty agnostic approach was designed to support specialists entering value-based care, thus creating unprecedented but necessary patient continuity.
Co-founded by Eric Rosow (former Co-Founder and CEO of Diameter Health and Premise); Dr. Najib Jai (former specialty care leader at Primary Care VBC organization); and Dr. Jeffrey De Flavio (a co-founder of Pearl Health and founding CEO of Groups Recover Together), Conduce’s team has substantial value-based care experience.
Conduce was built to address the struggles of integrating multi-specialty patient care into risk-based models. Conduct Clinical Profiles categorize patients into personalized, multi-dimensional categories, which discover profile-specific high-quality specialists.
Conduce’s referral engine embeds streamlined operations within existing PCP workflows. And Conduce’s singular aim is to ensure patients receive the right specialty care the first time and every time.
Conduce’s marketplace is now live and supporting patient care in South Carolina and Georgia, and it aims to expand throughout the Southeast. Along with existing primary care and specialist partnerships, Conduce is looking to grow its marketplace rapidly.
KEY QUOTES:
“With a seasoned leadership team that CI has backed previously, impressive strategic partnerships, and a differentiated approach and technology, Conduce Health is making great strides in accelerating the transition to value-based care. We look forward to supporting Eric and the team as they continue to innovate and expand their impact, driving significant improvements in patient outcomes and healthcare efficiency.”
– Matt Storeygard, Senior Managing Director at Connecticut Innovations
“We need risk-based specialty networks that scale. Conduce’s timing is spot on to serve the burgeoning industry need for value-based solutions.”
– Jeffrey De Flavio, MD, an Entrepreneur in Residence at AlleyCorp
“We are grateful for the continued support and value of AlleyCorp and we’re excited to welcome Connecticut Innovations, CityLight, and other strategic investors to the Conduce Team. Value-based specialty care affords a larger role for specialists, a sizable savings opportunity for at-risk providers, and, most importantly, will improve the lives of millions of patients. Conduce’s marketplace exists to realize that vision. It is becoming increasingly clear that high quality, incentive-aligned multi-specialty networks will be a critical component of the VBC ecosystem.”
– Eric Rosow, co-founder of Conduce Health
