Startup profile · funding coverage
Pearl Health funding, valuation and investors
Software for primary care practices participating in Medicare value-based care.
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Funding, valuation & investors
Answer-first snapshotLatest funding
Series B
$75M · January 2023
Latest known valuation
Not publicly disclosed
Total disclosed equity funding
$75M
Excludes debt, grants, acquisitions, secondaries, and IPO proceeds.
Current status
private
series b · New York, USA
Overview
Pearl Health provides technology, analytics, and support helping independent primary care practices succeed in Medicare value-based care programs including ACO REACH. Founded by Chintan Rao and Anish Patel, Pearl partners with physicians to manage attributed lives, quality metrics, and shared savings. a16z Growth and Viking Global led $75M Series B (Jan 2023); AlleyCorp participated.
Why Pearl Health is interesting
a16z Growth co-led $75M Series B (2023) with Viking Global for Pearl's physician enablement platform as ACO REACH expands — ops layer for independent PCPs taking risk.
Product & use cases
Pearl platform gives PCPs attribution dashboards, care gap workflows, and operational playbooks to participate in Medicare shared savings without joining a hospital system.
- Medicare ACO REACH participation for independent practices
- Quality measure tracking and patient outreach
- Risk-adjusted analytics for attributed beneficiaries
- Physician enablement without vertical integration
Key facts
- Series B (Jan 2023): $75M led by a16z Growth and Viking Global
- Targets Medicare ACO REACH independent primary care
- Co-investors not in VCT: Viking Global Investors
Funding history (newest first)
Series B
2023-01 $75MSource: https://www.pearlhealth.com/news/pearl-health-raises-75m
Investors in our directory
Funds linked from Pearl Health's profile — open a fund page for stage focus and related deal articles.
Competitive landscape
Edge: Focus on independent PCPs vs hospital-owned ACOs; a16z Growth validates scale potential in Medicare risk.
Medicare value-based care enablers compete on physician NPS, savings rate, and regulatory navigation. Pearl bets independent PCPs need software+services layer as REACH grows.
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Aledade direct
Physician enablement for value-based care with similar independent-practice thesis.
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Oak Street / Agilon adjacent
Different models — owned clinics or MSO structures vs Pearl's enablement.
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Traditional ACOs incumbent
Hospital-led accountable care organizations.
Notable stories
- Pearl launched as physicians sought alternatives to hospital employment for participating in Medicare risk contracts.
Industries
FAQs about Pearl Health
Practical answers founders, operators, and investors typically search for.
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