Cedar Gate Technologies Receives Strategic Investment from Cobalt Ventures

By StartUp City | Thursday, December 31, 2020

Cobalt Ventures, a subsidiary of Blue Cross and Blue Shield of Kansas City, invests in healthcare companies that improve the overall quality of healthcare services, outcomes as well as lower costs.

Fremont, CA: Cedar Gate Technologies, a leading value-based care performance management company, has received a minority investment from Cobalt Ventures.

Cobalt Ventures, a subsidiary of Blue Cross and Blue Shield of Kansas City, invests in healthcare companies that improve the overall quality of healthcare services, outcomes as well as lower costs.

"We are pleased to receive this strategic investment from Cobalt Ventures," stated David B. Snow Jr., CEO of Cedar Gate Technologies. "This validates the effectiveness of our end-to-end software and services platform to deliver better patient and financial outcomes. Healthcare's transformation to value-based care is critical and with this investment, we will continue to bring providers, payers and self-insured employers together so they can succeed in any risk-based arrangement."

Cedar Gate supports all aspects of value-based care including primary care attribution, retrospective and prospective bundles, specialty capitation, primary care capitation, and global capitation. Utilizing its cloud-based SaaS platform and administrative systems, Cedar Gate enablesproviders, payers, and self-insured employers to decrease medical spend, re-capture revenues as well asprovide high-performance healthcare.

John D. Kos, Principal of GTCR and a Cedar Gate board member, stated, "Cedar Gate's strong growth since inception demonstrates GTCR's continued execution of The Leaders Strategy™, as we find ways to partner with talented and experienced executives like David Snow and help them build industry-leading businesses through organic initiatives and M&A. We look forward to working with Cobalt Ventures as strategic partners to continue to build on Cedar Gate's leading position in the value-based care marketplace and enable payors, providers and self-insured employers to transition to value-based reimbursement through the use of superior performance management and operating systems."

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