Cityblock Health

Cityblock Health

Personalized healthcare for Medicaid patients

About Cityblock Health

Simplify's Rating
Why Cityblock Health is rated
A-
Rated B on Competitive Edge
Rated A on Growth Potential
Rated A on Rating Differentiation

Industries

Healthcare

Company Size

501-1,000

Company Stage

Late Stage VC

Total Funding

$890M

Headquarters

New York City, New York

Founded

2017

Overview

Cityblock Health offers personalized healthcare services primarily for Medicaid patients, focusing on compassionate care that addresses both medical and social needs. Members are assigned a dedicated care team, including doctors, nurses, and social workers, who help them navigate their healthcare and access urgent care services at home. The company generates revenue through health insurance plans and provides financial assistance to cover copays, ensuring services are accessible at little to no cost. Cityblock's goal is to treat each member as an individual, recognizing their unique stories and needs.

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Simplify's Take

What believers are saying

  • Partnerships in North Carolina and Florida expand Cityblock's reach in high Medicaid areas.
  • The ABH Program's success suggests potential for expansion and replication in other regions.
  • Cityblock's flexible care model enhances accessibility and patient satisfaction.

What critics are saying

  • Over-reliance on Medicaid funding poses financial risks with policy changes.
  • Rapid expansion may strain resources and affect service quality.
  • Continuous IT investment is needed, posing a financial burden if not aligned with growth.

What makes Cityblock Health unique

  • Cityblock Health offers a unique care model integrating medical and social services.
  • The company focuses on Medicaid patients, addressing complex health and social needs.
  • Cityblock's Advanced Behavioral Health Program shows significant cost savings and reduced utilization.

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Funding

Total Funding

$890M

Above

Industry Average

Funded Over

5 Rounds

Late VC funding comparison data is currently unavailable. We're working to provide this information soon!
Late VC Funding Comparison
Coming Soon

Benefits

Comprehensive health, dental, & vision coverage

12 weeks parental leave

401(k)

20 days vacation

Company retreats & events

Growth & Insights and Company News

Headcount

6 month growth

0%

1 year growth

0%

2 year growth

1%
Securities.io
Dec 4th, 2024
Investing In Cityblock Stock | How To Buy Pre-Ipo Shares

CityBlock is a healthcare solutions provider with a reputation for quality and accessibility. The company's people-centric approach to care focuses on filling the gaps in the current system helping the average patient get the most out of their efforts. These gaps can range from providing helpful information such as appointment times, answering questions, and treatment options, all the way to delivering the services directly via community centers and partnering with local healthcare providers, drug manufacturers, and more.CityBlock's value-based care strategy has helped it to secure a spot as a premier care provider in the market. Additionally, its positioning and services continue to drive interest in its shares. Currently, CityBlock is privately held, meaning that pre-IPO shares will be the best way to gain a stake in the ownership of this fast-growing healthcare solutions provider.What is CityBlock?CityBlock entered the market in 2017 as a comprehensive health tech ecosystem. The founders, Iyah Romm, Toyin Ajayi, and Bay Gross, saw inefficiencies in the current US healthcare system and how they negatively affect patients' ability or willingness to seek medical attention

PR Newswire
Nov 20th, 2024
New Study Shows Program For Patients With Severe Mental Health Conditions On Medicaid Led To 11.5% Decrease In Cost, Nearly 20% Decrease In Inpatient Utilization

The paper, published today in NEJM Catalyst, analyzes Cityblock Health's Advanced Behavioral Health (ABH) Program for participants experiencing psychotic disorders or severe substance use disorders. BROOKLYN, N.Y., Nov. 20, 2024 /PRNewswire/ -- Cityblock Health, a value-based healthcare provider for Medicaid and dually eligible beneficiaries, today announced results from its Advanced Behavioral Health (ABH) Program as part of a study published today in NEJM Catalyst. Findings show that Medicaid members enrolled in Cityblock's ABH program had a statistically significant 11.5% decrease in total cost of care and a 19.7% decrease in inpatient utilization, compared to members not enrolled in the ABH program. In terms of health-related social needs, findings also show that 43% percent of members enrolled in the ABH program had an identified food need and 95% of food needs identified for members in the ABH program were addressed. As of 2020, it's estimated that Medicaid enrollees have the highest overall prevalence of moderate to severe mental illness or substance use disorders with 39% of Medicaid enrollees having a mental illness and/or substance use disorder

MM&M
Oct 10th, 2024
The Escalator: Syneos Health, The FDA, Pfizer and more

Vividion Therapeutics named Frank Poschen to its board of directors.

Hit Consultant
Jul 10th, 2024
Alliance Health, Cityblock Partner To Deliver Integrated Care For Medicaid Members In North Carolina

What You Should Know:– Alliance Health, a managed care organization serving over 137,000 Medicaid beneficiaries in North Carolina, announced a new partnership with Cityblock, a value-based healthcare provider for Medicaid and dually eligible individuals.– The strategic collaboration aims to improve access to comprehensive, integrated medical and behavioral health care for members with serious mental illness and/or substance use disorder.Serving the Most VulnerableAlliance Health prioritizes ensuring timely access to specialized care for the most vulnerable members of the state’s Medicaid program. Their experience as a behavioral health managed care organization translates into a robust network offering community-based and innovative services for individuals with complex needs. As a fully integrated BH I/DD Tailored Plan, they have expanded their network to provide a more comprehensive approach to member care.Cityblock’s Integrated Care ModelThrough this partnership, Cityblock brings its unique care model to Alliance Health’s BH I/DD Tailored Plan members in Mecklenburg, Cumberland, and Wake counties, starting July 1, 2024. Cityblock’s approach offers members flexibility, allowing them to access care virtually, in their homes, or at existing Cityblock clinics. Their multidisciplinary care team includes primary care providers, behavioral health specialists, community health partners, and more, ensuring holistic care coordination.This partnership marks a significant step for Alliance Health, representing their first shared risk arrangement. This value-based approach aligns both organizations towards achieving better health outcomes for members

Fierce Healthcare
Jul 10th, 2024
Cityblock expands footprint in North Carolina through Alliance Health partnership

Cityblock expands footprint in North Carolina through Alliance Health partnership.

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