Livara Health Raises $15 Million to Expand Value-Based Musculoskeletal Care Delivery Model
02 Mayo 2024 - 10:00AM
Business Wire
Led by A1 Health Ventures, the Series B round
of funding will accelerate growth of care planning, care delivery
and care navigation solutions
Livara Health, a leader in value-based musculoskeletal (MSK)
management, today announced that it has raised $15 million in
Series B funding. The round was led by A1 Health Ventures, with
participation from existing investors Polaris Partners, Providence
Ventures, Martin Ventures, and a new strategic investor.
A centralized musculoskeletal care plan is essential for
enhancing patient outcomes, reducing overall care costs, ensuring
equitable access to care, and optimizing resource utilization and
risk stratification. This new round of funding will accelerate the
innovation of Livara’s technology and clinical capabilities to meet
the need and potential of this transformative care delivery
model.
Livara has treated over 120,000 people since its founding and
entered 2024 with nearly 4 million people eligible to access its
MSK management platform through both health plan and provider
partnerships, including Medicare and commercially insured
populations. Livara looks to grow all populations and manage
additional risk for its partners, including assuming total cost of
musculoskeletal care.
“At Livara, we are building a better musculoskeletal management
solution, taking a biopsychosocial approach to patient care. Having
treated patients for over 15 years through both virtual and
in-person care pathways, we understand that delivering genuine
patient-centered care requires a deep clinical program that can
only be built through experience,” said Rob Cohen, Chief Executive
Officer of Livara Health. “This new round of funding will help us
expand our already proven healthier standard of care for
musculoskeletal patients and broaden our proprietary care delivery
model focused on ensuring appropriate care pathways for all
patients.”
Through its fully integrated suite of solutions, Livara helps
payors reduce unnecessary utilization, providers better manage
complex MSK populations, and patients get the care they need when
and where they need it.
“Livara is tackling one of healthcare’s most significant
challenges with the potential to improve the experience, health and
wellbeing of anyone who faces challenges in their orthopedic care,”
said Jon Phillips, Managing Director of A1 Health Ventures. “We
believe their virtual and in-person care delivery and care
navigation solutions will have an enormous impact on the state of
musculoskeletal care in the U.S. and we are thrilled to partner on
actualizing this exciting vision.”
For more information, or to learn about partnering with Livara,
please visit www.livarahealth.com
About Livara Health:
Livara Health (formerly SpineZone) is a value-based MSK
management solution for innovative providers, payors, utilization
management companies, and value-based health systems. By combining
care planning, virtual first care delivery and care navigation,
Livara has delivered exceptional patient outcomes for over 17
years. When compared to traditional conservative treatment options,
Livara’s patients require fewer surgeries, injections and opioids.
Livara partners with commercial and Medicare payors and providers
through flexible value-based payment arrangements, including
assuming total cost of MSK care. More information can be found at
www.livarahealth.com
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Andy Hobbs ahobbs@livarahealth.com