Transcarent

Transcarent

Healthcare platform for seamless medical access

About Transcarent

Simplify's Rating
Why Transcarent is rated
B+
Rated B on Competitive Edge
Rated A on Growth Potential
Rated B on Rating Differentiation

Industries

Healthcare

Company Size

201-500

Company Stage

Series D

Total Funding

$412.4M

Headquarters

San Francisco, California

Founded

2020

Overview

Transcarent is a healthcare platform that aims to simplify the healthcare experience for individuals, families, and employers. It offers a range of services that allow users to easily access medical care and information. Members can connect with a doctor within 60 seconds at any time, receive personalized care guidance from health concierges, and have medications delivered directly to their homes. The platform focuses on making healthcare more understandable and affordable by providing clear clinical and financial information. Unlike many competitors, Transcarent operates on a subscription model, charging employers for employee access and offering direct services to individuals. The goal of Transcarent is to create a seamless healthcare experience that reduces confusion and complexity in accessing medical services.

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Funded Recently
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Simplify's Take

What believers are saying

  • Increased telehealth adoption boosts demand for Transcarent's virtual care services.
  • AI in healthcare enhances Transcarent's personalized and efficient patient care.
  • Value-based care trends align with Transcarent's high-value care mission.

What critics are saying

  • Integration challenges from Accolade acquisition may disrupt service delivery.
  • Regulatory scrutiny on 98point6 acquisition could delay integration.
  • Rapid expansion may strain Transcarent's resources and management capacity.

What makes Transcarent unique

  • Transcarent offers 24/7 doctor access with no cost to members.
  • The platform provides personalized care guidance through health concierges.
  • Transcarent's subscription model targets self-insured employers and individual consumers.

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Funding

Total Funding

$412.4M

Above

Industry Average

Funded Over

4 Rounds

Series D funding is typically for companies that are already well-established but need more funding to continue their growth. This round is often used to stabilize the company or prepare for an IPO.
Series D Funding Comparison
Above Average

Industry standards

$77M
$70M
Twilio
$80M
Handshake
$100M
Affirm
$126M
Transcarent

Benefits

Health Insurance

Dental Insurance

Vision Insurance

Life Insurance

Disability Insurance

401(k) Company Match

Unlimited Paid Time Off

Paid Vacation

Mental Health Support

Wellness Program

Growth & Insights and Company News

Headcount

6 month growth

2%

1 year growth

0%

2 year growth

9%
Business Wire
Jan 9th, 2025
Transcarent To Acquire Accolade

Transcarent, the One Place for Health and Care, and Accolade (NASDAQ:ACCD), a leader in health advocacy, expert medical opinions, and primary care, an

Finsmes
May 2nd, 2024
Transcarent Raises $126M in Series D Funding

Transcarent, a San Francisco, CA-based healthcare platform provider, raised $126m in Series D funding

Business Wire
Mar 8th, 2023
Transcarent to Acquire 98point6 AI-Powered Virtual Care Platform and Care Business

Transcarent, a health and care experience company that makes it easy for people to access high-quality, affordable care announced plans to acquire the

Finsmes
Jan 11th, 2022
Transcarent Raises $200M in Series C Funding

Transcarent, a Palo Alto, Calif.-based health and care experience company, raised $200m in Series C funding

Business Wire
Jan 11th, 2022
Transcarent Raises $200 Million In Series C Funding Highlighting Growing Demand For A Different Health And Care Experience Aligned With The Needs Of Self-Insured Employers

PALO ALTO, Calif.--(BUSINESS WIRE)--Transcarent, a new and different health and care experience company for employees of self-insured employers and their families, today announced a $200 million Series C investment led by Kinnevik and Human Capital, with participation from Ally Bridge Group and leading health systems including Northwell Health, Intermountain Healthcare, and Rush University Medical Center. The funding round also included participation from existing investors, including General C

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