Return of the megaround: Main Street Health raises $315M for value-based care

Return of the megaround: Main Street Health raises $315M for value-based care Ngai Yeung

Main Street Health, a value-based care startup that serves rural America, has raised $315 million to expand into 26 states.

Primary care clinics in those states will receive a Health Navigator from the Nashville, Tennessee-based company who will help the clinic’s providers with care coordination and assist patients with scheduling, appointment reminders and “social determinant of health needs.”

Investors of the latest round include healthcare and fintech venture capital firm Oak HC/FT, five Medicare Advantage plans including Humana and UnitedHealthcare, and other health systems, the company said in an announcement Sunday.

“We have seen that by partnering with local physicians and their teams to deliver high-touch, value-based care, we can improve the overall quality, cost, and experience of healthcare in rural America,” CEO Brad Smith said in a statement.

Smith, who led Medicare’s Innovation Center during the Trump administration, previously founded and sold palliative care company Aspire Health to health insurance giant Anthem for $440 million.