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Transcarent

Transcarent

Personalized, data-led on-demand health care app

About

Transcarent, a leader in the healthcare technology sector, excels in creating a simplified, accessible health and care experience through its innovative consumer app. By leveraging predictive data analytics, the company connects users with personalized, on-demand care from a multidisciplinary team, improving quality while reducing healthcare costs. This focus on data-driven solutions and a commitment to high-quality care makes it an exemplary workplace for professionals passionate about transforming healthcare delivery.

Company Stage

Series D

Employees

201-500

Industries

Hardware, Consumer Software, Biotechnology, Healthcare

Total Funding

$424M

Headquarters

N/A

Founded

2020


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Simplify's Take

What believers are saying

  • Transcarent's rapid capital accumulation and high-profile partnerships indicate robust growth potential and market influence.
  • The acquisition of 98point6's AI-powered virtual care platform could significantly enhance Transcarent's technological capabilities and service efficiency.
  • Leadership appointments, such as the hiring of a new CFO and COO, suggest a strong and experienced management team driving the company's strategic vision.

What critics are saying

  • The competitive landscape in healthcare technology is intense, with numerous players vying for market share, which could impact Transcarent's growth.
  • Integration challenges with acquired companies like 98point6 may pose operational risks and affect service quality.

What makes Transcarent unique

  • Transcarent focuses on providing a unique health and care experience specifically tailored for employees of self-insured employers, setting it apart from traditional healthcare providers.
  • The company's strategic partnerships with major health systems and corporations like Walmart enhance its service offerings and market reach.
  • Transcarent's significant funding rounds, including a $200M Series C and $126M Series D, underscore strong investor confidence and financial stability.

Growth & Insights
Headcount

6 month growth

4%

1 year growth

3%

2 year growth

52%

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