Garner Health announced a $118 million Series D funding round to advance its digital platform. The round, led by Kleiner Perkins, brings the company’s total raised capital to $200 million. Garner Health’s data-based solution helps patients find healthcare providers that will grant them the best financial incentives.
“The single most important health decision we make is which individual doctor we see when we need care,” Nick Reber, Garner Health’s founder and CEO, said in a statement. “Our data shows that the top-performing doctors have 75 percent lower rates of complications and mortality than their peers. By identifying these providers and creating the financial incentives for patients to see them, we aren't just saving money — we’re fundamentally reengineering the healthcare marketplace to reward quality.”
Garner’s data transparency tool acts as a financial administrator for existing health plans, enabling employees to pay lower out-of-pocket costs for highly-rated doctors since their employer handles the majority of their deductibles and co-pays. The company will invest its new capital in expanding this doctor ranking platform, scaling AI innovation, furthering its appointment-booking capabilities and expanding its team.
