Yuvo Health wants to make value-based care delivery easier for Federally Qualified Health Centers (FQHCs) in the U.S. aka Community Health Centers by reducing the administrative burden associated with value-based care contracts. Today the company has announced the closing of a $7.3M seed round led by Alley Corp with participation from institutional investors including AV8 Ventures, New York Ventures, and Brooklyn Bridge Ventures, as well as angel investors such as Dr. Melynda Barnes, Ro’s Chief Medical Officer. The company is based in New York City, launched in early 2021 and is led by a fully BIPOC founding team that has seen firsthand the value of quality care provided by FQHCs for underserved communities.
On the record
Cesar Herrera, Co-founder & CEO of Yuvo Health shares: “We are delighted on many levels to announce this seed investment, but especially because it validates the critical role that primary care providers play in low-income communities, empowering us to offer increased support and access to care where it’s needed most. It’s incredibly exciting to partner with industry leaders such as AlleyCorp and New York Ventures who are helping drive health equity and Medicaid innovation, which represents the next frontier for so many untapped opportunities.”
Brendon Fargnoli, Managing Partner at Alley Corp, who has joined Yuvo Health’s Board explains: “FQHCs provide care for nearly 30 million patients and have played a critical role in the COVID-19 pandemic response in underserved communities. Yet, as primary care transitions to value-based care, these community health centers are being left behind. Yuvo Health is boldly stepping up to change that.”
So how does Yuvo Health work?
Yuvo Health provides administrative and managed-care contracting services to FQHCs, empowering them to unlock revenue streams via value-based care. By eliminating the daunting investment and operating burden, the company allows them to focus on what they do best: provide quality care to communities in need. 👇
In the coming months, Yuvo Heath will be expanding its team to focus on quality analytics and care coordination, as well as broadening its leadership in key areas such as product, engineering, and population-health strategy. Throughout January 2022, Yuvo Health will be hosting informational webinars for FQHCs.