Stellar Health offers a cloud-native point-of-care platform that helps primary care providers deliver value-based care by integrating patient data, tracking provider workflows, and pushing actionable insights to providers and practice staff. The platform engages and incentivizes providers to take actions that reduce inefficient utilization, improve documentation accuracy, and advance quality, with real-time compensation for value-based work. Stellar reports more than 60 collaborations across 20 states, managing over 375,000 patients, a weekly active rate greater than 80%, medical expense ratio improvement of greater than 15%, and Medicare Advantage Star ratings improvement of more than one full Star. Founded in 2018, the company tripled in size in 2021 to over 90 employees and plans to double its team within the next year. With the new capital, Stellar plans to grow and invest in its team, advance product development, engineering, and operations, and expand its differentiated services to new and existing markets. The company emphasizes behavioral economics and real-time incentives to align provider actions with value-based care outcomes. Stellar Health provides a cloud-based, point-of-care platform that tracks data and actions to help primary care providers achieve value-based care goals and delivers real-time incentives. The platform connects payors and providers and the company has built a network across 11 U.S. states. By the end of 2020 the company expected to manage 100,000 patient lives through its platform. Stellar Health plans to use the new funding to accelerate product development and engineering and to support operations. The company also intends to expand services into new markets and to double the size of its team within the next year, hiring across Engineering, Product, Operations, and Business Development. Founded in 2018 and led by CEO Michael Meng, the company focuses on helping primary care providers meet value-based care objectives.

Total raised

$70M

Funding rounds

2

Latest round

Series B

Latest activity

Sep 2021