BridgeHealth Receives $40M Series A Round

BridgeHealth, the industry-leading provider of surgical advocacy and centers of excellence (COE) programs for large, self-insured organizations and their members, today announced a merger with Transcarent, a Silicon Valley-based consumer digital health company, as part of a $40 million Series A financing round. BridgeHealth will continue to provide its platform to employers with self-insured group health plans while introducing new high-touch, high-tech navigation services and solutions built using the Transcarent technology stack.

Transcarent, backed by 7wireVentures, Alta Partners, and General Catalyst, offers a technology layer that provides more choice and transparency, and addresses a broader range of health and care challenges people face in today's confusing, complex, and costly healthcare system.

BridgeHealth (www.bridgehealth.com) is a provider of value-based healthcare services that guide members to surgical Centers of Excellence nationwide. Its bundled rates allow self-insured group health plans to improve the quality and outcomes of surgery while reducing costs from 30% to 50% on average per procedure. Members are supported through concierge-level care coordination, eliminating the stress of planning and preparing for surgery. Our top-level member experience is evident in our consistent 90+ Net Promoter Scores.