Transcarent
| Type of business | Private |
|---|---|
| Founded | 2020[1] |
| Headquarters | |
| Founder(s) | Glen Tullman[2] |
| Chairman | Kenneth Frazier[3] |
| Industry | Digital Health |
| Employees | 348[4] |
| Website | transcarent |
Transcarent is an American digital health company that provides services to self-insured employers. Transcarent serves over 3 million members in the US with clients such as Delta Air Lines[5], Albertsons Companies[6], and The Boeing Company[7]. Transcarent's product comprises an integrated mobile and web platform through which Members can access services such as telehealth, virtual physical therapy, specialist consults, surgery support, etc.[8][9]
History
On October 22, 2020, Transcarent announced a merger with BridgeHealth, which provides surgical advocacy and centers of excellence (COE) programs, as part of a $40 million Series A financing round.[10][11]
On March 18, 2021, Glen Tullman assumed the role of Chief Executive Officer in addition to his role as Executive Chairman of the Transcarent.[12]
On June 10, 2021, Transcarent raised $58 million in a Series B round led by General Catalyst and 7wireVentures. Additional investors participated including Merck Global Health Innovation Fund, Kleiner Perkins, Leaps by Bayer, GreatPoint Ventures, and Threshold Ventures.[8][13]
On January 11, 2022, Transcarent raised $200 million as part of a Series C round led by Kinnevik and Human Capital. Additional participation included Ally Bridge Group, Northwell Health, Intermountain Healthcare, Rush University Medical Center, and existing investors.[14][15][16][17]
On February 18, 2022, Transcarent announced an agreement with Chicago-based Rush University System for Health (RUSH) to provide RUSH employees and their family members with Transcarent services including Transcarent’s digital health care app, 24/7 Health Guides, and other tools and resources.[18][19][20]
On May 19, 2022, Transcarent launched its new behavioral health offering.[21][22][23]
On August 18, 2022, Transcarent launched a collaboration with Hospital for Special Surgery (HSS) to enable access to HSS's orthopedic and musculoskeletal specialists.[24][25][26]
On September 19, 2022 Transcarent launched a transparent pharmacy benefit offering.[27][28][29][30][31]
On November 3, 2022, Transcarent and Prescryptive Health announced a partnership to deliver pharmacy services.[32][33][34][35]
On January 12, 2023, Transcarent announced a new collaboration with The Clinic by Cleveland Clinic that enables Transcarent Members and their families to access The Clinic’s expert second opinions.[36][37][38][39]
On March 6, 2023, Transcarent announced the acquisition of the virtual care platform and care business of 98point6. The acquisition provides Transcarent with 98point6's AI-powered virtual care technology and an affiliated medical group.[40][41][42][43]
References
- ↑ "Transcarent - Products, Competitors, Financials, Employees, Headquarters Locations". www.cbinsights.com.
- ↑ Bill, Saporito. "Meet the Man on a Mission to Make Health Care Radically Transparent". Inc.
- ↑ Erin, Brodwin. "Exclusive: Transcarent names ex-Merck CEO Ken Frazier board chair". Axios.
- ↑ "Transcarent LinkedIn Page". LinkedIn. February 11, 2022. Retrieved 2 August 2023.
- ↑ "Delta Benefits". Delta Air Lines. Retrieved 2 August 2023.
- ↑ My ACI Benefits. "Transcarent Surgery Care". My ACI Benefits. Albertsons Companies. Retrieved 2 August 2023.
- ↑ "Boeing Benefits". www.boeingbenefits.com. Boeing Company.
- ↑ 8.0 8.1 Heather, Landi. "Tullman's startup Transcarent scores $58M as it aims to overhaul employer-sponsored benefits space". Fierce Healthcare.
- ↑ Susan, Morse. "Transcarent looks to overhaul self-insured market". Healthcare Finance.
- ↑ Nona, Tepper. "BridgeHealth Nabs $40M in Series A Funds Through Healthtech Merger". Built In CO.
- ↑ David, Raths (January 11, 2022). "Targeting Self-Insured Employers, Transcarent Raises $200M". www.hcinnovationgroup.com.
- ↑ Steven, Loeb (11 June 2021). "Transcarent raises $58M to put patients in control of their own health". Vator News. Retrieved 2 August 2023.
- ↑ Jasmine, Pennic (10 June 2021). "Transcarent Raises $58M for Consumer-Directed Care Platform for Self-Insured Employers". hitconsultant.net.
- ↑ Alex, Knapp. "Digital Health Startup Transcarent Just Raised $200 Million To Grow Its Concierge Medical Business". Forbes.
- ↑ Rebecca, Torrence. "Tullman's Transcarent confirms $1.62B valuation with $200M series C, looks to expand into in-home care". Fierce Healthcare.
- ↑ Laura, Lovett (11 January 2022). "Transcarent lands $200M for its self-insured employer platform". MobiHealthNews. Retrieved 2 August 2023.
- ↑ Michael, Schroeder (12 January 2022). "Transcarent's $200M haul makes it healthcare's newly minted unicorn". MedCity News.
- ↑ Naomi, Diaz (21 February 2022). "Rush health system rolls out digital health app for employees". www.beckershospitalreview.com. Becker's Hospital Review. Retrieved 2 August 2023.
- ↑ Dennis, Dailey (19 February 2022). "Rush University System for Health Selects Transcarent to Provide New Digital Health and Care Experience to Enhance Medical Plan Benefits | Mobile Health Times". mHealth Times. Retrieved 2 August 2023.
- ↑ Fred, Pennic (18 February 2022). "Transcarent Inks Partnership with RUSH, Will Support 9,000 Employees". hitconsultant.net. HIT Consultant. Retrieved 2 August 2023.
- ↑ Emily, Olsen (19 May 2022). "Amwell, Transcarent launch new behavioral health offerings and more digital health briefs". MobiHealthNews.
- ↑ Paige, Minemyer. "Transcarent launching behavioral health offering". Fierce Healthcare.
- ↑ Laura, Lovett (20 May 2022). "Transcarent's New Behavioral Health Service Promises Members Therapy Appointment Within 3 Business Days". Behavioral Health Business.
- ↑ Dennis, Dailey (18 August 2022). "Hospital for Special Surgery Joins with Transcarent to Provide Leading Self-Insured Employers with a New Health and Care Experience for Employees | Mobile Health Times". mHealthTimes. Mobile Health Times. Retrieved 2 August 2023.
- ↑ Stephanie, Baum (18 August 2022). "How are employers and providers collaborating in the new surgery health and care experience?". MedCity News.
- ↑ Carly, Behm (18 August 2022). "Hospital for Special Surgery teams with self-employed insurance group". Becker's Orthopedic Review. Becker's Healthcare. Retrieved 2 August 2023.
- ↑ Deeptee, Jain. "Pharmacy Care, Life, And Women In Healthcare: A Chat With Snezana Mahon At Transcarent". Forbes.
- ↑ Paige, Minemyer. "Transcarent launching new pharmacy benefit offering as its latest healthcare bet". Fierce Healthcare.
- ↑ Emily, Olsen (19 September 2022). "Transcarent rolls out pharmacy benefit offering for self-insured employers". MobiHealthNews.
- ↑ Jeff, Lagasse. "Transcarent introducing new pharmacy benefit offering". Healthcare Finance News.
- ↑ Arundhati, Parmar (19 September 2022). "Glen Tullman on launching Transcarent Pharmacy Care: Unlike others, we are a one-stop-shop". MedCity News.
- ↑ Heather, Landi. "Transcarent teams with Prescryptive Health on new pharmacy benefit offering". Fierce Healthcare.
- ↑ Marissa, Myshko (9 November 2022). "Transcarent and Prescryptive Health Partner for Integrated Pharmacy". Formulary Watch.
- ↑ Steven, Loeb (3 November 2022). "Transcarent taps Prescryptive Health to power its pharmacy benefit offering". VatorNews.
- ↑ Jasmine, Pennic (4 November 2022). "Transcarent Selects Prescryptive Health to Power Integrated Pharmacy Experience". hitconsultant.net.
- ↑ Rajiv, Leventhal. "Transcarent's new virtual offering could help employers lower healthcare costs". Insider Intelligence.
- ↑ Giles, Bruce (13 January 2023). "Transcarent partners with Cleveland Clinic for virtual second opinions". Becker's Health IT. Becker's Healthcare. Retrieved 2 August 2023.
- ↑ Heather, Landi. "Transcarent inks another major hospital partnership to expand access to medical specialists". Fierce Healthcare.
- ↑ Katie, Adams (18 January 2023). "How Transcarent Is Expanding Access to Expert Second Opinions". MedCity News.
- ↑ Katie, Jennings. "Transcarent To Acquire Part Of AI-Powered 98point6 In $100 Million Healthtech Deal". Forbes.
- ↑ Brock, Turner (6 March 2023). "Transcarent CEO weighs in on 98point6 deal". Modern Healthcare.
- ↑ Rebecca, Pifer. "Transcarent to acquire majority of telehealth platform 98point6 for $100M". Healthcare Dive.
- ↑ Marissa, Plescia (7 March 2023). "Transcarent To Acquire Part of 98point6 for $100M, Gain AI-powered Virtual Care Platform". MedCity News.
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