Participated · Series C · Jan 2015

Iora Health is a Boston, MA-based primary care provider network led by CEO and co-founder Rushika Fernandopulle, MD, MPP. The company delivers a care model that includes office and non-office encounters (phone, text, and email), a transparent medical record, and educational offerings. It operates 48 practices across the U.S., serving thousands of Medicare beneficiaries. Iora completed a $126M Series F funding round. The company intends to use the funds to accelerate growth and to refine and optimize its care model. No revenue figures were disclosed in the article. Iora Health is a Boston-based primary care provider focused on Medicare patients over 65 years of age. The company is led by Co-Founder and CEO Rushika Fernandopulle. Iora builds a care model offering office and non-office based encounters (phone, text, email), an accessible and transparent medical record, and educational offerings through practices across the U.S. Its practices employ multidisciplinary care teams — a provider, health coach, behavioral health specialist, team nurse, clinical team manager, and an operations assistant — to treat the whole person. Iora raised $100M in a Series E financing. The company intends to use the funds to further invest in Chirp, its proprietary collaborative care technology platform that enables teams to care for patients as individuals and as a population. Iora Health is a Boston, MA-based developer of a health system that delivers relationship-based care. Led by co-founder and CEO Rushika Fernandopulle, MD, MPP, the company provides care via office and non-office encounters (phone, text, email) with a transparent medical record and educational offerings. Iora operates a proprietary collaborative care IT platform called Chirp and plans continued investment in that platform. The company serves diverse populations with an increasing focus on people aged 65 and older on Medicare, operating 34 primary care practices in 11 U.S. markets. Iora intends to use new funds to drive further expansion and efficiencies in its care model and to expand in the U.S. and globally. Iora Health operates a patient-centric primary care model that emphasizes hour-long appointments, integrated health coaches, and shared note-taking so patients can see clinicians' notes in real time. The company employs health coaches to help patients navigate insurance, review care plans, and provide hands-on support such as accompanying patients on shopping trips. Iora works with sponsors — including New England Carpenters Benefits Fund, Lahey Health, and Dartmouth College — who pay a flat monthly fee per patient as part of its payment model. The company is outcomes-oriented and led by co-founder and CEO Rushika Fernandopulle, a former Massachusetts General physician. Financially, Iora disclosed a $20 million raise from 15 investors via an amended Form D filing and had previously completed a $28 million Series C eight months earlier to support doubling its number of primary care practices. Named investors in its investor base include Foundation Medical Partners, Fidelity Biosciences, and GE Ventures. Iora Health is a Cambridge, Massachusetts-based healthcare company that has developed a health care operating system powered by a proprietary collaborative care platform. The platform is designed to enable care teams to better manage entire patient populations. The company currently manages eleven primary care practices across the U.S., serving employers, Medicare Advantage plans, commercial insurance plans and Taft Hartley Trust funds. Led by co-founder and CEO Rushika Fernandopulle, M.D., M.P.P., Iora partners with a range of sponsors including the Culinary Health Fund, Dartmouth College, the Freelancers Union, Grameen PrimaCare, Humana, King Arthur Flour, Lahey Health, the New England Carpenters Benefits Fund and Turntable Health. In January 2015 Iora raised $28M in a Series C and said it would use the proceeds to expand operations, aiming to double in size in 2015.