Ilumed operates a direct contracting program for traditional fee-for-service Medicare, using a scalable proprietary technology platform to stratify and manage patient risk and identify preventive care opportunities. The company focuses on value-based care, addressing social determinants of health and improving outcomes for underserved senior populations in rural and urban areas. Ilumed is one of 53 Direct Contracting Entities approved by CMS under the Global and Professional Direct Contracting (GPDC) Model. Management emphasizes integrated care coordination and partnerships with clinicians to deliver accountable, high-quality care. The company announced plans to double its clinician base and increase its number of covered Medicare beneficiaries more than six-fold in 2022. Ilumed plans to use financing proceeds to grow clinician partnerships and expand its Medicare beneficiary base.

Total raised

$17M

Funding rounds

1

Latest round

Series A

Latest activity

Dec 2021