Additional funding will enable UpStream to capture burgeoning market demand more quickly and better serve independent physicians and ACOs.
With the move towards value-based care already underway, the changes in health care driven by the COVID-19 pandemic further emphasized the need for providers to adopt value-based care models, especially for older adults living with chronic conditions. However, independent physicians often struggle to surmount the steep financial risks associated with these models. As a result, demand is increasing for risk-bearing entities to assist physicians with capital, advanced analytics, and management infrastructure.
UpStream Care’s unique model offers support to practices of any size looking to participate in value-based care models. Participating providers receive Guaranteed Advanced Payments for Quality or GAP-Q™ from UpStream based on their quality performance, reducing uncertainty for physicians in an otherwise unpredictable environment. The company’s platform brings together medical professionals such as doctors, nurses, dieticians, case managers, pharmacists, mobile paramedics, and other support staff to bring care to frail, medically complex patients in their own homes. In this way, UpStream takes on the management and risk responsibility for physicians, so they can focus solely on their patients’ care.
Crosstree acted as an exclusive financial advisor to UpStream in its $45 million round of funding through:
- Evaluating a broad slate of potential financial and strategic partners
- Leveraging market expertise to identify the ideal financial partner to invest in UpStream’s highly scalable platform
- Driving an outcome to triple growth in one year and add value to all stakeholders