RICHMOND, Va., June 10, 2021 /PRNewswire/ — At present AllyAlign Health (AAH), a Medicare Benefit insurance coverage firm that’s bettering the well being and wellbeing of residents of senior housing communities, introduced a brand new funding within the firm led by international enterprise capital agency New Enterprise Associates, Inc. (NEA), with participation from Oak HC/FT, City Corridor Ventures, and present buyers Heritage Group and Ziegler. The brand new capital will allow AllyAlign to additional spend money on its workers, companions, and know-how, to gas development and permit extra seniors across the nation to profit from the scientific and technology-based AllyAlign mannequin of care.
“Eight years in the past, we set out on an audacious mission—to rework the care of frail, weak seniors by leveraging a full threat mannequin in partnership with prime quality expert nursing and senior housing companions,” mentioned Will Saunders, Founding father of AllyAlign Well being. “We’re pleased with the impression and improved well being outcomes we have had inside the senior group up to now and are thrilled on the alternative to increase our providing.”
Along side the brand new funding, healthcare trade veteran, Mark Worth, will take the helm as AllyAlign Well being CEO. Worth was previously President of the Nevada area for Intermountain Healthcare, with earlier senior management roles at DaVita, ChenMed, and Bain and Firm.
“I am elated to affix the proficient staff at AllyAlign Well being and be a part of the mission to enhance the standard of lifetime of seniors across the nation. AllyAlign has designed a care mannequin for senior housing communities that’s accessible, complete, and compassionate with confirmed outcomes,” mentioned Mark Worth, AllyAlign Well being CEO. “I am additionally excited that NEA will probably be supporting us on this journey. NEA brings extremely related experience given it has helped create and scale a whole lot of transformative healthcare and know-how firms during the last 40 years.”
AAH is working to determine a healthcare ecosystem in senior housing that creates higher outcomes and expertise for residents, the communities they reside in, physicians, and different caregivers. Senior housing communities, physicians and different caregivers are supplied a chance to thrive in a value-based care mannequin that provides extra help and in addition rewards them for offering high-quality, evidence-based care. A core element of AAH’s mannequin is constructing deep partnerships with senior housing communities. AAH customizes its strategy primarily based on what every group wants and it seeks to honor and reward senior housing communities and their workers for the necessary work they do.
“AllyAlign was pressure-tested through the COVID pandemic; their mannequin had confirmed itself previous to 2020, nonetheless their distinctive companies actually went to work during the last 12 months,” mentioned Mohamad Makhzoumi, Basic Companion and Head of World Healthcare Investing at NEA. “We have carefully adopted the evolution of value-based care within the long-term care setting over time and are thrilled to companion with AllyAlign to increase and scale their companies. AllyAlign is poised to rework the senior dwelling trade and we’re excited to help this subsequent part of development, permitting for higher look after the U.S. senior inhabitants.”
About AllyAlign Well being
AllyAlign Well being (AAH) started working to enhance the long-term-care ecosystem in 2014 by serving to main long-term care (LTC) suppliers discover success with value-based care fashions for his or her weak senior populations. At present AAH manages Medicare Benefit (MA) institutional particular wants plans (I-SNPs), power care particular wants plans (C-SNPs) for dementia, and dual-eligible particular wants plans (D-SNPs) to scale back healthcare prices and enhance affected person high quality of life. Based by Will Saunders in Richmond, Virginia, the revolutionary turnkey options and proprietary know-how energy well being plans throughout the U.S. Study extra at www.allyalign.com or attain out by emailing AAH at email@example.com.
New Enterprise Associates, Inc. (NEA) is a worldwide enterprise capital agency targeted on serving to entrepreneurs construct transformational companies throughout a number of levels, sectors and geographies. With practically $24 billion in cumulative dedicated capital for the reason that agency’s founding in 1977, NEA invests in know-how and healthcare firms in any respect levels in an organization’s lifecycle, from seed stage by means of IPO. The agency’s lengthy observe file of profitable investing contains greater than 230 portfolio firm IPOs and greater than 390 mergers and acquisitions. www.nea.com.
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SOURCE AllyAlign Well being