Greater Good Health’s latest funding round introduces nurse practitioner-focused care model that will expand the scope and breadth of its value-based care capabilities
Manhattan Beach, California, May 18, 2022 /PRNewswire/—— better healththe company that redefines value-based care with the first nurse practitioner-centered primary care model, announced today that it has secured $13 million Funding since its inception last year.add to $3 million In previously undisclosed seed funding, Greater Good Health recently closed another funding round $10 million Led by LRVHealth, with participation from Martin Ventures, Health Velocity Capital, returning investor Optum Ventures, and other angel investors and prominent healthcare professionals.
As a testament to Greater Good Health’s continued growth trajectory, the funds will be used to help the company grow its existing NP network, expand into other states and expand its digital solutions.
“Nurse practitioners and other healthcare professionals have been feeling undervalued and exhausted for years — a feeling that has been exacerbated by the pandemic and has persisted in its aftermath,” he said. Sylvia Hastanan, founder and CEO of Greater Good Health, who has held leadership positions in national provider organizations such as Optum, Davita Medical Group and HealthCare Partners over the past decade. “As a result, the U.S. is facing an alarming shortage of healthcare workers, especially in primary care. To help address provider burnout, it is very important to build and expand systems designed to support healthcare professionals working on their licenses. important.”
Greater Good Health connects and empowers NPs with value-based nursing training, technology tools, clinical resources and professional development. Resources include technology-enabled communities, personal wellness experiences, and professional learning and development content. Additionally, digital platforms enable NPs to improve scheduling, access clinical resources, and more.
“As more states gain full power to practice, we recognize that NPs are well-positioned to help improve health access and equity for all,” Hastanan said. “As we continue to provide NPs with the tools they need to be successful, we look forward to further expanding our reach to more patients — especially those who are hard-to-see.”
Operating primarily on the West Coast, Greater Good Health plans to expand geographically and services through a value-based group of providers, hospitals and health plans.
“The biggest challenge facing healthcare right now is addressing rampant provider burnout and physician shortages — especially in primary care. We hear this repeatedly from health systems and other strategic partners in our network,” said Tripp Peak, Managing Partner of LRVHealth. “We’re investing in greater health because their unique approach to empowering nurse practitioners helps fill huge gaps in care. It gives more people access to primary medicines, makes people healthier, and ultimately makes Everyone benefits as the industry continues to shift towards value-based care.”
For more information and to join the community, visit www.greatergoodhealth.com.
About Great Health
Greater Good Health is a healthcare startup working to redefine value-based holistic care and expand access to primary care. The company’s platform is centered on nurse practitioners (NPs), providing NPs with access to a broad community, educational portals (including the Greater Good Institute), technology tools to enhance scheduling, analytics and access to point-of-care tools, and health resources to help prevent burnout.For more information, please visit www.greatergoodhealth.com.
LRVHealth is an “Inside Healthcare” venture capital platform. LRVHealth’s investors include leading provider, payer and provider organizations, forming a network that reaches one-third of U.S. healthcare consumers. The network works together to identify, invest in and adopt innovative solutions to address the industry’s most pressing needs. Founded in 2000 by a team of seasoned healthcare investors, operators and advisors, the LRVHealth team provides early stage capital, operational experience and industry insight to build the next generation of great healthcare companies.For more information, please visit www.LRVHealth.com.
About Martin Ventures
Martin Ventures is a healthcare-focused venture capital firm headquartered in Nashville, Tennessee. Martin Ventures Leading innovative medical technology and services companies focused on building new companies and investing capital in world-class entrepreneurs.For more information, please visit www.martinventures.com.
About Healthy Velocity Capital
Health Velocity Capital invests exclusively in innovative healthcare software and services companies.The firm’s partners have more than 75 years of combined experience as investors, entrepreneurs and executives helping fund and build innovative companies that create significant new healthcare markets and become market leaders, including successful companies ,E.g Tradock, Livengo Health, change healthcare, MDLive, Countess Health, Headspace Health, craving for health, Zipari, IVX Health, healthy, compass, aperitif, Advisory Board Company, Healthways, American Kidney Care, Spero Health, shiftVantage Oncology, D2Hawkeye, circulatory health, Payer Path, and many others.In addition to making investments on behalf of institutional investors, Health Velocity Capital has also made investments on behalf of some of the largest and most influential healthcare organizations in the United States and their many top executives, which collectively represent organizations that provide health insurance to more than 175 million Americans , operates more than 600 hospitals, provides pharmacy and PBM services to all Americans, and provides software and services to major U.S. hospitals U.S.. For more information visit www.healthvelocitycapital.com.
About Optum Ventures
Optum Ventures is the independent venture fund of Optum, a leading information and technology-enabled healthcare services business dedicated to helping make the healthcare system better for everyone, and part of the UnitedHealth Group. Optum Ventures invests in digital health companies that use data and insights to help improve consumer access to, and how healthcare is delivered and paid for, and to make healthcare systems more reliable and easier to operate.For more information, please visit www.optumventures.com.
source big health