RubiconMD Secures $18M to Fuel its Ongoing Growth

 

Reines, president at RubiconMD, stated,"Our goal has always been to empower primary care. We remain focused on ensuring that the right information is delivered into the hands of the primary care clinician at the right time, so they are able to drive towards better, more efficient care delivery"

FREMONT, CA: RubiconMD, a NYC-based leader in eConsult platform providing access to specialist expertise, closed $18 million in Series C round of financing. The round was led by Deerfield Management Company, with significant participation from existing investors, including Optum Ventures, Waterline Ventures, HLM Venture Partners, and Heritage Provider Network. The company has raised over $40 million to date. The company expects to use the newly raised capital to accelerate its ongoing growth. As part of the financing round, Julian Harris, M.D., Partner at Deerfield is expected to join the company's Board of Directors soon.

Dr. Harris said, "We are at a crucial moment in the shift towards a value-based health care system, with private and public payers seeking to find innovative ways to improve quality and affordability. By enabling primary care clinicians to practice at the top of their license, RubiconMD serves as a vital partner for the country's most innovative primary care groups, helping them to improve outcomes for patients and to reduce costs for our system."

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CEO Gil Addo and President Carlos Reines, being motivated by their own experiences within the healthcare system, founded RubiconMD in 2013 to bridge the gap between primary and specialty care. Today, the platform allows quick access to specialist insights across over 120 specialties. The company has collaborated with the top payors in the country to scale its offerings.

Addo said, "We are delighted to bring on Deerfield as an investor. Deerfield's experience, reach, and commitment to realizing the future of healthcare will be pivotal as we continue to break down barriers to access and ensure all patient populations receive the care they need."

RubiconMD also plans to utilize its data to deliver new product offerings to serve primary care clinicians better.

"Our goal has always been to empower primary care. We remain focused on ensuring that the right information is delivered into the hands of the primary care clinician at the right time, so they are able to drive towards better, more efficient care delivery," said Reines.

See also: Top Healthcare Solution Companies

 

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