What You Ought to Know:
– Thyme Care, a number one value-based most cancers care enabler raises $95M in funding capital led by Harmony Well being Companions, with participation from present buyers together with CVS Well being® Ventures, City Corridor Ventures, a16z Bio + Well being, AlleyCorp, Echo Well being Ventures, Foresite Capital, and new investor SignalFire. The funding brings Thyme Care’s complete funding to $178M.
– Thyme Care is a value-based most cancers care enabler targeted on bettering affected person outcomes and decreasing healthcare prices. The brand new funding will gasoline Thyme Care’s enlargement into new markets, deepen present partnerships, and improve its medical value-based care mannequin.
Addressing the Most cancers Care Disaster
The most cancers care panorama is marked by escalating prices, fragmented care, and important disparities in affected person outcomes. Drug prices alone can account for as much as 70% of complete care bills, with many life-saving therapies exceeding $200,000 yearly. Sufferers usually face overwhelming monetary burdens, gaps in assist, and an absence of care coordination.
Thyme Care is addressing these challenges with a complete method that focuses on decreasing prices, bettering outcomes, and enhancing the affected person expertise.
Thyme Care’s Impactful Answer
Thyme Care’s value-based care mannequin contains:
- 24/7 specialised most cancers care navigation: Guiding sufferers by advanced remedy journeys.
- Superior expertise and information insights: Optimizing care supply and figuring out areas for enchancment.
- Supplier-led therapeutic interventions: Guaranteeing sufferers obtain the very best care.
By implementing these methods, Thyme Care has demonstrated a $594 discount in month-to-month prices for navigated sufferers in comparison with a management group.
Partnerships and Monetary Duty
Thyme Care has established sturdy partnerships with Medicare Benefit and business payers, in addition to taking part in CMS’s Enhancing Oncology Mannequin (EOM). This permits the corporate to imagine monetary threat for oncology populations, driving down prices and bettering outcomes.
Thyme Care has additionally developed the Thyme Care Oncology Companion (TCOP) program to assist supplier practices. By providing digital care supply companies and analytics, TCOP helps practices scale back administrative burden, enhance effectivity, and reach value-based care preparations.
Speedy Progress and Growth
Thyme Care is experiencing speedy progress, with energetic administration of over half a billion {dollars} in medical spend beneath risk-based contracts. The corporate goals to triple this determine throughout the subsequent yr. Moreover, Thyme Care has greater than doubled its oncology partnerships previously six months and plans to increase its attain throughout the USA.
“Our newest funding is a testomony to the dedication and experience of our unbelievable workforce, whose relentless efforts drive our mission to remodel the most cancers care expertise ahead,” mentioned Robin Shah, Thyme Care co-founder and chief government officer. “We’re profoundly grateful for the unwavering assist and collaboration of buyers, suppliers, and payer companions, whose dedication makes Thyme Care’s distinctive, provider-centered method potential. Collectively, we’re reshaping the panorama of oncology, making certain higher care and affordability for all.”
