Pearl Health, which offers a technology platform for primary care practices in value-based care arrangements, announced Thursday it had raised $55 million in Series B funding. The company said it also anticipates receiving a $20 million line of credit outside of the equity raise.
The round was led by Andreessen Horowitz and Viking Global Investors, with participation from investors including AlleyCorp and SV Angel. The company announced an $18 million Series A in September 2021, Mobi Health News reports.
Peal offers a technology platform geared toward primary care providers participating in Medicare’s ACO REACH model. It includes data visualizations and recommendations so clinicians can see which patients may need extra support, like those who have multiple chronic conditions or who have been recently discharged from a hospital.
The startup’s tools also aim to distill patient information into easier-to-digest reports and track important metrics, like readmission rates and whether patients are going to annual wellness visits.
Pearl said it will use the funds from the Series B raise to build new partnerships, add new offerings, and invest in research and development. Read more.
