Home PC News BridgeHealth Merges with Transcarent; Completes $40 Million Series A Funding

BridgeHealth Merges with Transcarent; Completes $40 Million Series A Funding

Combined entity will create a better experience and improved outcomes for employees and dependents of self-insured employers by providing greater access, choice, and transparency

DENVER–(BUSINESS WIRE)–October 22, 2020–

BridgeHealth, the industry-leading provider of surgical advocacy and centers of excellence (COE) programs for large, self-insured organizations and their members, today announced a merger with Transcarent, a Silicon Valley-based consumer digital health company, as part of a $40 million Series A financing round. BridgeHealth will continue to provide its platform to employers with self-insured group health plans while introducing new high-touch, high-tech navigation services and solutions built using the Transcarent technology stack.

BridgeHealth, founded in 2007, helps members identify high-quality healthcare providers, including many of the country’s leading Centers of Excellence who perform high-quality surgeries at affordable, bundled rates. The company has developed the largest footprint of COEs in the market. With more than 300 pre-negotiated, contracted bundles covering procedures across eight surgical categories, members realize transparency, cost savings, and real choice in making their most important healthcare decisions.

“By partnering with BridgeHealth, Transcarent will be able to greatly accelerate our vision of putting health and care back in the hands of health consumers and enabling them to share in the value their decisions help to create,” said Krishnan Sridharan, President of Transcarent. “Together, our goal is nothing less than to transform healthcare and create a new and different experience that leads to better outcomes and lower costs for employees, dependents, and their employers.”

Transcarent, backed by 7wireVentures, Alta Partners, and General Catalyst, offers a technology layer that provides more choice and transparency, and addresses a broader range of health and care challenges people face in today’s confusing, complex, and costly healthcare system.

“We are thrilled to join forces with such an exceptional team of innovative healthcare entrepreneurs, investors, and thought leaders,” said Jamie Hall, President and CEO of BridgeHealth. “Together with Transcarent, BridgeHealth will continue to deliver great healthcare experiences for the people we serve and measurable value to our plan sponsors while we begin to significantly expand our solutions to the market.”

“Since its inception, BridgeHealth’s vision has been to support individuals with the best possible healthcare at their most vulnerable moments,” said David Calone, co-founder and outgoing Board Chair of BridgeHealth, and Director of Transcarent. “When we started the company, we focused on empowering consumers who needed planned surgeries, knowing that the future of healthcare depended on expanding this value to more people across more of their healthcare choices. We are excited to partner with Transcarent; their leadership and investors bring significant expertise and capital to our shared vision for transforming healthcare.”

To learn more about BridgeHealth visit online at www.bridgehealth.com.

About BridgeHealth

BridgeHealth (www.bridgehealth.com) is a provider of value-based healthcare services that guide members to surgical Centers of Excellence nationwide. Its bundled rates allow self-insured group health plans to improve the quality and outcomes of surgery while reducing costs from 30% to 50% on average per procedure. Members are supported through concierge-level care coordination, eliminating the stress of planning and preparing for surgery. Our top-level member experience is evident in our consistent 90+ Net Promoter Scores.

About Transcarent

Transcarent, a Silicon Valley-based consumer digital health company, uses a combination of software, technology, and data science to empower consumers with information and access, leading to better outcomes and more cost-effective decisions. We believe that having the right information, tools, and incentives in the decision-making process can be positively transformative in the way we all experience healthcare.

Christine Bailey
VP Marketing
602-410-4506
[email protected]


The audio problem:

Learn how new cloud-based API solutions are solving imperfect, frustrating audio in video conferences. Access here


Most Popular

How to Customize the Windows 10 Context Menu: Add, Remove Items and More

Left unchecked, it won't take long for the Windows context menu to become cluttered. Having too many items on the right click menus can...

AMD’s Ryzen 7 5800U shows up on Geekbench, looks promising against Zen 2 mobile

Something to look forward to: The Ryzen 5000 series APUs will include...

TinyBuild invests $3 million in Secret Neighbor developer Hologryph

Game publisher TinyBuild announced that it has invested $3 million into game studio Hologryph, the development team behind the hit multiplayer game Secret Neighbor....

Robotics researchers propose AI that locates and safely moves items on shelves

A pair of new robotics studies from Google and the University of California, Berkeley propose ways of finding occluded objects on shelves and solving...

Recent Comments