Waymark hires, trains, and deploys local teams of community health workers, pharmacists, therapists and care coordinators to work directly with primary care practices at no cost to the practice, addressing care and social needs for Medicaid enrollees. Its proprietary Waymark Signal™ machine-learning technology identifies rising-risk patients and guides community teams toward evidence-based interventions, and is integrated into Waymark’s care management software that ingests data from ERs, primary care, social services and health plans. The company enters into risk-based contracts with Medicaid managed care organizations (MCOs) to deliver community-based care and transition practices to value-based arrangements, aligning payment incentives for whole-person care. Since launching in January 2023, Waymark supports roughly 50,000 Medicaid enrollees across Washington state and Virginia and has partnerships with large health systems, an FQHC, and independent practices. Early results include improvements in quality scores and reductions in non-emergent ED visits and hospitalizations. Waymark plans to use the new financing to continue hiring and training its community health workforce, expand primary care capacity, and improve healthcare access and outcomes for people on Medicaid. Waymark was co-founded in 2021 by Rajaie Batniji, MD, PhD, and Sanjay Basu, MD, PhD as a Public Benefit Corporation focused on Medicaid populations. The company designs technology and service delivery to empower existing Medicaid primary care providers with technology-enabled, community-based care teams. Waymark delivers a set of interventions that are rarely available to Medicaid patients and targets communities and individuals historically excluded because of language, race, ethnicity, poverty, substance use, immigration status, gender or sexual identity. Its product and service model is explicitly built for providers serving Medicaid beneficiaries. The company intends to use the new funding to increase the capacity of its healthcare delivery system. No operating metrics (revenue or users) were disclosed in the article.

Total raised

$87M

Funding rounds

3

Latest round

Debt Financing

Latest activity

Oct 2023