Investing in Health | October 23, 2023

Pair Team clinches $9 million for value-based care and social services

Roodgally Senatus
ImpactAlpha Editor

Roodgally Senatus

ImpactAlpha, October 23 — US state and federal health agencies are seeking to expand access to housing, healthy food access and transportation through local health plans for low-income and other vulnerable patients. In California, Pair Team has raised $9 million to partner with local health centers and community-based organizations to connect patients virtually or schedule in-person visits.

“As the healthcare landscape rapidly-shifts toward value-based care, which rewards providers with incentive payments for the quality of patient care, all stakeholders need to work together to prioritize inclusive, effective and patient-centric outcomes,” said Julian Eison of Next Ventures, which led Pair Team’s Series A round.

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Pair Team’s platform manages over 100,000 patients. The company says it has seen a reduction in emergency room visits and depression symptoms and increased engagement from patients. “This latest financing will help us bring whole-person care to more patients across California, and soon nationally,” said Pair Team’s Neil Batlivala.

Participating investors in the round include Kapor Capital, Y Combinator, Kleiner Perkins, and healthcare angel investor Jay Desai.