Garner Health Raises $100M Series E, Reaches $2.74B Valuation
Care navigation startup Garner Health closed a $100 million Series E funding round, bringing its valuation to $2.74 billion. Index Ventures led the round, with participation from Kleiner Perkins, Redpoint, Thrive Capital, Sequoia Capital, Founders Fund, and Kaiser Permanente Ventures.
The funding comes three months after the company raised $118 million in Series D, signaling sustained investor confidence in its growth.
What Garner Health Does
Garner operates a platform that helps employers and employees identify high-quality, cost-effective healthcare providers. The system analyzes deidentified medical data from more than 60 billion records covering approximately 320 million patients to rank physician performance.
The platform evaluates adherence to clinical guidelines, unnecessary procedures, and patient recovery outcomes. It then creates financial incentives for patients to choose higher-ranked providers.
The company currently serves nearly 800 organizations and reaches around 2.5 million members. Clients report an average 12% reduction in healthcare spending through the platform.
Expansion Plans
Garner Health will use the new capital to expand its provider quality platform, scale AI for Healthcare product development, and increase access across employer networks.
The company has partnerships with Mercy, Atlantic Health, Teladoc Health, and Marathon Health. Founded in 2019, Garner Health applies AI Data Analysis to restructure how healthcare quality is measured and priced.
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