Stellar Health

Stellar Health

Web-based platform enabling value-based care

Overview

Stellar Health builds a web-based, point-of-care app that helps healthcare teams deliver value-based care. The Stellar App sits in providers’ workflows and, when used with modern browsers like Chrome and Edge, centralizes payor-specific tools and spreadsheets into one unified platform. It guides clinicians to complete specific, actionable tasks through real-time notifications and a built-in incentive structure, encouraging behavior that improves patient outcomes while controlling costs. The company partners with payors and health systems and earns revenue by offering the platform to support value-based care programs at scale. Compared with other solutions, Stellar Health emphasizes real-time, task-driven incentives and a single, integrated workspace that connects providers, payors, and health systems. The goal is to help partners achieve better patient outcomes and stronger financial performance by making it easier to manage care across multiple health plans.

About Stellar Health

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

Industries

Data & Analytics

Enterprise Software

Healthcare

Company Size

201-500

Company Stage

Series B

Total Funding

$70M

Headquarters

New York City, New York

Founded

2018

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Simplify's Take

What believers are saying

  • Stellar reported 1.2 million managed lives, 20,000 providers, and 2,200 medical groups in 2026.
  • Its ACO saved Medicare $5.0 million in 2024, strengthening sales proof for 2026 buyers.
  • Raul Smith joined March 3, 2026 from Elevance, adding payer finance credibility for enterprise deals.

What critics are saying

  • Stellar still depends on payor contracts; one canceled Blue Cross-style deal cuts revenue fast.
  • VBC incentives get copied by EHRs and rivals like Vim, compressing Stellar's differentiation.
  • If CMS slows VBC expansion after 2026, Stellar's entire incentive model loses economic pull.

What makes Stellar Health unique

  • Stellar Health embeds VBC tasks inside provider workflows across 37+ states, as of 2026.
  • CenterLight chose Stellar on December 10, 2025 for New York senior care workflows.
  • Falko Buttler joined May 28, 2026 to scale Stellar's AI-driven data infrastructure.

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Funding

Total Funding

$70M

Above

Industry Average

Funded Over

2 Rounds

Series B funding is typically for startups that have proven their business model and need more funding to expand rapidly—often by entering new markets or adding more products. Investors are usually venture capital firms that specialize in later-stage investments.
Series B Funding Comparison
Above Average

Industry standards

$35M
$45M
Linktree
$60M
Stellar Health
$65M
Substack
$100M
ClickUp

Benefits

Competitive salary

Medical, dental, vision, life and disability coverages

401k program

Fully paid family leave and flexible vacation

Growth & Insights and Company News

Headcount

6 month growth

-1%

1 year growth

0%

2 year growth

-2%
PR Newswire
May 28th, 2026
Stellar Health appoints Falko Buttler as CTO to scale AI-driven value-based care platform

Stellar Health has appointed Falko Buttler as chief technology officer to lead the company's platform and data infrastructure development. The healthcare technology firm, which operates a network of over 20,000 providers and 2,200 medical practices, aims to scale its value-based care delivery system. Buttler brings over 20 years of healthcare technology experience, most recently serving as CTO at Lantern, where he led a 100-person engineering team. He previously helped scale PlushCare's revenue from $4 million to $125 million before its acquisition by Accolade. Alongside the appointment, co-founder Octavian Costache transitions from CTO to chief data officer, focusing on AI and data engineering. Buttler will oversee platform investments including automated appointment scheduling and specialist referrals. Stellar Health is backed by General Atlantic, Point72 Ventures and Primary Venture Partners.

PR Newswire
Mar 3rd, 2026
Stellar Health appoints former Elevance Health exec Raul Smith as CFO

Stellar Health, a healthcare technology company focused on value-based care, has appointed Raul Smith as chief financial officer. Smith joins after a 20-year healthcare career, including six years at Elevance Health where he served as president and CFO of the East Region, overseeing an $8 billion P&L and 550,000 Medicare Advantage lives. At Stellar, Smith will manage the company's platform that simplifies value-based arrangements into actionable care gap checklists for providers. He will also lead the financial evolution of shaco, Stellar's tech-enabled accountable care organisation, which generated $5 million in Medicare savings in 2024. Stellar's platform serves over 20,000 providers, 2,200 medical practices and 1.2 million patients. The company is backed by General Atlantic, Point72 Ventures and Primary Venture Partners.

PR Newswire
Jan 23rd, 2024
Stellar Health Appoints Rebecca Schwietz as New Chief Operating Officer

Stellar Health appoints Rebecca Schwietz as new Chief Operating Officer.

crypto.news
Sep 13th, 2023
Bitcoin cash falls as Stellar remains firm, VC Spectra supporters bullish

A day later, Stellar launched a funding campaign to boost the scalability of its Soroban smart contract platform.

Boone Newspapers
Jun 27th, 2023
Small Business

This strategic partnership will integrate Salud Healthcare's capabilities with Stellar Health's core technology, enabling a holistic solution for health plans, provider groups, and other healthcare organizations striving to deliver high-quality, cost-effective care.

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