Glen Tullman
The company will use the funds to accelerate its AI capabilities and for strategic and commercial growth.
Transcarent is led by digital health investor, entrepreneur and Livongo vet Glen Tullman. U.S. tennis champion Andy Roddick cofounded ViewFi.
During a discussion at the HLTH 2022 conference, panelists said that companies need to refocus their business models due to an anticipated lack of funding.
Kinnevik and Human Capital led the round, joined by Ally Bridge Group and others.
At the beginning of October, Transcarent inked a deal with Walmart to lower prescription drugs.
Livongo CEO Glen Tullman explains that moves by businesses like Amazon and CVS are pushing the traditional healthcare system model because ready or not, consumers want to make their own healthcare decisions.