Fold Health Secures $6 Million in Funding, Bringing Total Funding to $12 Million, to Bolster Value-Based Care Success

Fold Health, the first platform purpose-built to support the unique needs of value-based primary care, today announced an additional 6 million dollars in funding from Iron Pillar and global angel investors. This capital comes on the heels of the company’s raise in 2022 and will be used to continue scaling Fold’s platform and to hire talent.

Despite the rapid shift to value-based care payment arrangements, existing solutions fail to support the needs required for success in outcome-based payment models: data-driven, consumer-centered, prevention-focused care. As a result, many primary care providers have resorted to investing in disjointed point solutions or building out their own tech suite, which takes valuable time away from treating patients.

Fold Health’s platform is the first end-to-end solution that integrates with electronic health records. Fold’s highly flexible platform allows customers to use modular tools to support their unique needs and optimize existing technology investments. Eliminating providers’ need to build software solutions from the ground up, Fold Health enables advanced primary care groups to achieve 3x tech-related cost savings.

“Amid staff burnout, physician shortages, and disjointed point solution ecosystem, the primary care sector is striving to navigate the significant shift from volume to value-based care. Fold Health is committed to empowering practices, supercharging existing technology, and dramatically improving patient outcomes,” said Abhijit Gupta, Co-founder and CEO of Fold Health.

Fold Health’s Platform offers an integrated suite of capabilities including:

• ClinOps Efficiency Engine: A workflow engine that automates 60% of the work required to succeed in value-based care - including care gap closure, transitional care management, annual wellness visit completion, high risk patient engagement, and attribution growth and protection.

• Care Team Enablement Suite: Unifies patient data, task management, omni-channel communications and scheduling to keep complex collaborative care teams in tight coordination.

• Patient Enablement Suite: A fully white labeled patient web and app experience that allows patients to conveniently work with their care team, including self scheduling, chart access, notifications management, and wearables/RPM data integration.

“We’re thrilled to back Fold Health, a true innovator in digital health. The Iron Pillar team has known Fold’s founders for years. Abhi and Ram are seasoned entrepreneurs with a profound understanding of the challenges that primary care is grappling with in transitioning to value-based care. Their domain expertise, combined with a massive US healthcare market ready for disruption, a unique built-from-scratch VBC technology stack and strong endorsement by their early customers and prospects got the Iron Pillar team excited about backing Fold,” said Mohanjit Jolly, Partner at Iron Pillar.

Fold Health continues to scale operations, most recently opening an R&D office in Pune, India in 2023. The company is also looking to rapidly expand it’s headcount across the US.

For more information visit fold.health.

About Fold Health

Fold is the leading outcomes optimization platform purpose built to supercharge primary care results. Fold partners with leading value-based primary care groups, ACOs, health systems, health plans and digital health companies, to 10x the reach and effectiveness of collaborative cares teams in their mission to radically improve outcomes.

The company’s solution is the first EHR-integrated microservices platform for collaborative care teams. The Fold platform includes a comprehensive suite of interoperable tools on a common data model that, prior to Fold, could have only been achieved through significant investments in myriad siloed point solutions and custom software. Fold’s microservices suite includes the critical tools multidisciplinary care teams need to deliver exceptional proactive, person-centered, prevention-focused care required to deliver quad-aim objectives. At the center is a unique workflow automation engine that removes administrative burdens, amplifies care team reach, and dramatically improves patient engagement and outcomes. To learn more about Fold’s vision to supercharge primary care, visit fold.health.

Contact Information

Madalyn Boyd

Account Coordinator

VSC for Fold Health

FoldHealth@vsc.co