Stellar Health

Stellar Health

Web-based application for value-based care

About

Stellar Health provides a web-based application aimed at improving value-based care in the healthcare sector. The main product, the Stellar App, is designed to fit into the daily workflows of healthcare providers, including physicians, health systems, and insurance companies. It consolidates various tools and spreadsheets into one platform, making it easier for providers to manage patient care across different health plans. The app prompts users with real-time notifications to complete specific tasks that enhance patient outcomes, supported by an incentive structure that encourages engagement with the platform. Stellar Health partners with payors and healthcare systems, generating revenue through these collaborations while focusing on delivering high-quality care and controlling costs. The goal of Stellar Health is to empower healthcare providers to improve patient care through a user-friendly application that supports value-based care principles.

Company Stage

Series B

Employees

51-200

Industries

Biotechnology, Healthcare

Total Funding

$68.1M

Headquarters

N/A

Founded

2018


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Simplify's Take

What believers are saying

  • The recent $60M Series B funding round led by General Atlantic and other prominent investors positions Stellar Health for significant growth and expansion.
  • Strategic partnerships, such as with Vim for point-of-care connection, enhance the platform's capabilities and provider engagement, potentially leading to better patient outcomes.
  • The appointment of experienced leaders like Adam Gail as Chief Revenue Officer and Rebecca Schwietz as Chief Operating Officer strengthens the executive team, driving the company's strategic vision forward.

What critics are saying

  • The healthcare technology sector is highly competitive, and Stellar Health must continuously innovate to maintain its edge.
  • Integration challenges with partners like Vim could pose operational risks and affect the seamless delivery of value-based care.

What makes Stellar Health unique

  • Stellar Health's platform uniquely integrates various payor-specific tools into a single application, simplifying patient care management across different health plans.
  • The company's incentive structure, which motivates healthcare providers to complete actionable tasks in real-time, sets it apart from competitors who may not offer such direct engagement methods.
  • Stellar Health's focus on value-based care and real-time notifications ensures that providers are consistently aligned with high-quality care principles, unlike traditional fee-for-service models.

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Growth & Insights
Headcount

6 month growth

-6%

1 year growth

-17%

2 year growth

-18%

Benefits

Competitive salary

Medical, dental, vision, life and disability coverages

401k program

Fully paid family leave and flexible vacation

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