Garner Health, a digital care navigation company for employers, secured $100 million in series E funding, bringing its total valuation to $2.74 billion.
Index Ventures led the startup's series E round, with Kleiner Perkins, Redpoint, Thrive, Sequoia, Founders Fund and Kaiser Permanente Ventures also backing the round. It comes just three months after the company announced a $118 million series D funding round in February.
“The American healthcare system pays doctors to do things to you, not for you. Garner is quietly fixing that,” said Jahanvi Sardana, Index Ventures partner, in a statement. “By using AI to make physician quality measurable for the first time, they've built the market mechanism healthcare always needed—one where employers, hospitals, and patients can finally see who delivers better outcomes, and the system rewards them for it. It's one of the most important applications of AI in healthcare today.”
Founded in 2019, the startup helps employers and employees identify high-quality, cost-effective healthcare providers through data and analytics—then creates financial incentives for patients to see those providers.
The company uses deidentified data from a massive dataset—more than 60 billion medical records from 320 million patients—to evaluate which doctors achieve the best outcomes at the lowest cost. As part of its evaluation, Garner identifies doctors who follow the latest research, avoid unnecessary procedures and help patients get healthy faster.
Garner currently works with nearly 800 organizations, reaching 2.5 million members. The company says its clients see an annual 12% reduction in healthcare spending.
It has inked partnerships with leading providers, including Mercy, Atlantic Health, Teladoc Health and Marathon Health.
Garner says it plans to use the fresh capital to expand its provider quality platform, scale artificial intelligence-powered product innovation and expand access to Garner for new members.
“Healthcare doesn't change through incremental tweaks—it changes when consumers finally have the information and incentives they need to make better decisions about their care,” said Nick Reber, Garner Health CEO, in a statement. “Our mission at Garner is to fundamentally realign the system around quality by empowering people to choose the doctors who deliver the best outcomes. When you give consumers the right data and align incentives around better care, the entire healthcare system will change for the better.”