Main Street Health has raised more than $315m in a financing round to fund its expansion into 26 states.
The new capital includes investment from provider partners and strategic health plan for expanding value-based care across rural America.
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Investors in this round include Oak HC/FT and the five national Medicare Advantage plans, who collectively serve more than 74% of the Medicare Advantage members nationwide.
Investment has also come from many of Main Street Health’s provider partners, including regional hospitals, health systems and individual primary care physicians.
Main Street Health chairman and CEO Brad Smith said: “The trust that exists between rural providers and their patients is truly unique.
“Across the country, we have seen that by partnering with local physicians and their teams to deliver high-touch, value-based care, we can improve the overall quality, cost, and experience of healthcare in rural America.”
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By GlobalDataMain Street Health collaborates with rural America primary care clinics, placing Health Navigators in each clinic to aid in care coordination, including screenings, medication reminders, post-hospitalisation appointments, and addressing social determinants of health.
Its early outcomes showed improvements in quality scores, reduced hospitalisations, and lowered medical costs.
Family Health Center in La Grange, Texas owner Dr Thomas Borgstedte said: “Main Street has helped transform the type of care we deliver in our clinic.
“The Health Navigator and the data Main Street provides allow us to coordinate care for our patients in a way that we would never have been able to do otherwise.”
Currently partnering with more than 900 clinics in 18 states, Main Street Health plans to expand into eight more states next year.
The average clinic it partners with has 2.5 providers and is in towns with populations of 3,000 to 5,000.
