Waymark

Waymark

Community-based healthcare services for Medicaid patients

About Waymark

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

Industries

Social Impact

Healthcare

Company Size

51-200

Company Stage

Debt Financing

Total Funding

$65.2M

Headquarters

San Francisco, California

Founded

2021

Overview

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 and housing. Waymark Care partners with health plans and primary care providers to offer its services at no cost to patients, which sets it apart from competitors. As a public benefit corporation, Waymark Care is committed to considering the impact of its decisions on patients and the community, aiming to improve access to quality healthcare for those who need it most.

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Simplify's Take

What believers are saying

  • Waymark raised $42M to expand community-based care for Medicaid patients.
  • Waymark Signal's AI success positions it as a leader in healthcare technology.
  • Growing focus on social determinants of health boosts demand for Waymark's services.

What critics are saying

  • Increased competition from health-tech startups may impact Waymark's market share.
  • Potential Medicaid funding changes could affect Waymark's revenue streams.
  • Reliance on partnerships means disruptions could significantly impact Waymark's operations.

What makes Waymark unique

  • Waymark uses community-based care teams for personalized Medicaid patient services.
  • Waymark Signal predicts avoidable ER visits with 90% accuracy, outperforming traditional models.
  • Waymark is a public benefit corporation, prioritizing patient and community impact.

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Funding

Total Funding

$65.2M

Above

Industry Average

Funded Over

3 Rounds

Debt funding comparison data is currently unavailable. We're working to provide this information soon!
Debt Funding Comparison
Coming Soon

Benefits

Health Insurance

Dental Insurance

Vision Insurance

Life Insurance

Stock Options

Paid Vacation

Paid Holidays

Parental Leave

401(k) Retirement Plan

Commuter Benefits

Growth & Insights and Company News

Headcount

6 month growth

2%

1 year growth

2%

2 year growth

2%
Waymark Care
Dec 20th, 2024
A Q&A with Dan Frascella, Waymark's New Head of Finance

Waymark is excited to announce the newest addition to the Waymark leadership team: Dan Frascella has joined Waymark as Head of Finance.

Waymark Care
Oct 23rd, 2024
Waymark Receives Great Place to Work(R) Certification

Waymark has officially been certified as a Great Place to Work(R), which recognizes employers who create an employee experience where individuals feel valued and engaged.

PharmiWeb
Jan 23rd, 2024
New Study Published In Nature Scientific Reports Shows Industry-Leading Performance For Waymark Signal In Predicting Avoidable Er And Hospital Utilization

Peer-reviewed study demonstrates Waymark Signal is 90 percent accurate in predicting avoidable ER and hospital visitsSAN FRANCISCO, CA / ACCESSWIRE / January 23, 2024 / Waymark, the Medicaid provider enablement company, today published a peer-reviewed study in Nature's Scientific Reports comparing the performance of Waymark SignalTM, the company's proprietary machine learning technology, to conventional Medicaid risk models. The study found that Waymark Signal was 90 percent accurate in predicting avoidable emergency room (ER) and hospital utilization for patients receiving Medicaid - stronger performance than leading Medicaid risk models in the field.Waymark Signal combines data on social risk factors and patient risk trajectories with healthcare utilization to identify patients at risk for preventable ER and hospital visits. As one of the largest and most representative comparisons of Medicaid risk models to date, the study assessed Waymark Signal's machine learning approach against traditional regression models for Medicaid, which rely primarily on patient demographics, healthcare diagnostic codes, and medications to predict at-risk patients. Researchers found that Waymark Signal was 3x better at identifying at-risk patients and 10x better at predicting costs compared to conventional models."This study demonstrates the potential for machine learning models like Waymark Signal to more accurately identify at-risk patients and drive more effective interventions," said Sadiq Y. Patel, MSW, Ph.D., an author of the study and Data Science Lead for Waymark. "By enabling care teams to better recognize and act on social and clinical risk factors, Waymark Signal can help them intervene to prevent avoidable disease complications, ER visits, and hospitalizations that negatively impact both patient health and costs."Additionally, the study found that Waymark Signal also reversed the Black-White prediction bias observed in most risk models

Hit Consultant
Oct 18th, 2023
Waymark Secures $42M to Expand Community-Based Care for Medicaid Patients

- Waymark, a San Francisco, CA-based Medicaid provider enablement company raises $42M in new financing to scale technology-enabled, community-based care for primary care providers and their patients enrolled in Medicaid programs.

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