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Waymark

Waymark

Community-based healthcare services for Medicaid patients

About

Waymark Care focuses on enhancing healthcare access for patients enrolled in Medicaid programs by connecting them with local care teams. These teams consist of community health workers, therapists, pharmacists, and care coordinators who live and work in the same areas as the patients, allowing for personalized and convenient care. They help patients navigate the healthcare system, coordinate medical appointments, manage prescription refills, and assist with essential needs like food, housing, and transportation. Unlike many competitors, Waymark Care operates at no cost to patients through partnerships with health plans and primary care providers. The company is also a public benefit corporation, which means it prioritizes the well-being of its patients and community in its business decisions. The goal of Waymark Care is to provide comprehensive, community-based care services that improve healthcare access and quality for those who need it most.

Company Stage

Series A

Employees

51-200

Industries

Data & Analytics, Consulting, Hardware, Healthcare

Total Funding

$87M

Headquarters

N/A

Founded

2021


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Simplify's Take

What believers are saying

  • Waymark Care's recent $42M financing round will enable the company to scale its technology-enabled, community-based care model, potentially improving healthcare access for more Medicaid patients.
  • The high accuracy of Waymark Signal in predicting avoidable ER and hospital visits can lead to more effective interventions, reducing healthcare costs and improving patient outcomes.
  • The company's commitment to addressing social determinants of health, such as food, housing, and transportation, positions it as a leader in comprehensive, patient-centered care.

What critics are saying

  • The reliance on partnerships with health plans and primary care providers may limit Waymark Care's ability to expand rapidly if such partnerships are not secured or maintained.
  • The substantial resources required to address social needs detected in primary care may strain the company's financial and operational capacities.

What makes Waymark unique

  • Waymark Care's community-based approach ensures that care teams live and work in the same communities as their patients, providing personalized and convenient care unlike traditional healthcare models.
  • The company's proprietary machine learning technology, Waymark Signal, significantly outperforms conventional Medicaid risk models in predicting avoidable ER and hospital visits.
  • As a public benefit corporation, Waymark Care is legally obligated to consider the impact of its decisions on patients and the community, setting it apart from purely profit-driven competitors.

Growth & Insights
Headcount

6 month growth

15%

1 year growth

35%

2 year growth

116%

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