Chamber Cardio – a technology-enabled cardiology solution – announced an $8 million seed round led by General Catalyst with support from existing investor AlleyCorp and participation from Company Ventures, American Family Ventures, and City Light. In an industry where the transition to value-based care is limited among cardiologists, Chamber has emerged as a dedicated partner that is uniquely positioned to support and collaborate with cardiology practices.
Cardiovascular disease drives hundreds of billions in annual healthcare expenditures, and Chamber aims to take on this issue head-on by making the transition to value-based care more accessible. And the funding will be utilized to develop Chamber’s technology further, expand the cardiology network nationally, and grow the team.
Chamber was created in response to challenges expressed by cardiologists nationwide. Many voiced their frustration with the lack of technology to care for their population and the inability to negotiate with payers and secure value-based deals based on quality. And Chamber addresses this by equipping cardiologists with real-time insights, evidence-based guidelines, care teams, and contracting support for streamlining workflows, enabling them to focus on patient care. And the company’s goal is to empower cardiologists to operate in a value-based world where they are compensated for delivering the right care at the right time.
Co-founded by George Aloth, former President & CEO of a BCBS health plan and kidney care VBC executive; Dr. Sameer Sheth, a cardiologist and digital health leader; and Dr. Jeffrey De Flavio, a Co-Founder of Pearl Health and founding CEO of Groups Recover Chamber’s team together has deep expertise in operating and navigating the complexities of value-based care. Chamber is the premier solution for both cardiologists and payers to improve the health outcomes for individuals with cardiovascular disease.
Chamber is actively managing patients in the Mid-Atlantic region with plans for expansion nationwide. With existing payer partnerships, Chamber is looking to rapidly grow its cardiology network.
KEY QUOTES:
“Cardiovascular care, a top cause of U.S. mortality and financial challenge for health plans, is expected to intensify with rising disease, aging populations, and complex supply dynamics. Our partnership with Chamber aims to shift cardiology care toward value, enhancing access to high-quality care and lowering healthcare costs, which are core tenets of our Health Assurance thesis.”
- Chris Bischoff, Managing Director at General Catalyst
“Our objective is to provide unparalleled support to cardiologists as they navigate the transition to value-based care, putting them in control of their practice. By doing so, we aim to provide patients with the highest quality of care, ultimately improving health outcomes for heart disease.”
- George Aloth, Co-Founder and CEO of Chamber
“The multi-trillion dollar shift to outcome driven reimbursement is accelerating across healthcare, especially in cardiology. Cardiologists and insurers are seizing this opportunity to improve care and align reimbursement with our industry leading technology.”
- Dr. Jeffrey De Flavio, Co-Founder and Executive Chairman of Chamber
