Wayspring Announces a $75 million Investment from Valtruis, Centene Corporation, CareSource, HLM Venture Partners, and Other Leading Healthcare Investors
Using data analytics to drive high-touch, high-impact outreach to the most at-risk individuals, Wayspring's SUD home model delivers community-based peer support, behavioral health services, and primary care. Wayspring also partners with existing provider networks to refer members to high-quality treatment, facilitate care transitions, and improve adherence to evidence-based medicine. Since launching its member-facing SUD management solutions with three health plans in 2020, Wayspring has driven significant savings through the reduction of inpatient treatment readmissions, hospital admissions and emergency department visits.
"We are extremely excited to announce this important investment by some of the leading investors in healthcare," said
Valtruis, the newly formed value-based care portfolio company of
About Wayspring's New Name
The new company name and visual identity reflect Wayspring's commitment to meeting members where they are and providing stigma-free medical, behavioral, and social support. A patient-focused brand, Wayspring represents the many different approaches to recovery. The company will continue to operate its market leading prescriber risk mitigation services under the axialHealthcare brand underneath the Wayspring umbrella.
About Valtruis
Valtruis, a WCAS portfolio company, provides a unique platform that invests in and partners with disruptive leaders whose mission is to align and transform healthcare through what is truly value-based care. Founded on a commitment to accelerate meaningful change, Valtruis brings the functional expertise, access to capital and an expansive network that advance our partners' evolution from early-stage development to industry-leading enterprises. Together, Valtruis and its partner companies will break through the systemic barriers in the healthcare industry to reduce costs, expand access, increase quality and radically improve the patient experience. Learn more at www.valtruis.com.
About Centene Corporation
Centene Corporation, a Fortune 25 company, is a leading multi-national healthcare enterprise that is committed to helping people live healthier lives. The Company takes a local approach – with local brands and local teams – to provide fully integrated, high-quality, and cost-effective services to government-sponsored and commercial healthcare programs, focusing on under-insured and uninsured individuals. Centene offers affordable and high-quality products to nearly 1 in 15 individuals across the nation, including Medicaid and Medicare members (including Medicare Prescription Drug Plans) as well as individuals and families served by the
About
About
About Wayspring
Wayspring is a value-based care entity exclusively focused on substance use disorder. The company leverages data analytics to outreach to the highest-risk individuals and deliver high-touch, community-based peer support, behavioral health, and primary care. Wayspring also partners with existing provider networks to refer members to high-quality treatment, facilitate care transitions, and improve adherence to evidence-based medicine. For more information, visit www.wayspring.com.
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