Essence Group Holdings Corporation (EGHC), parent of Lumeris, a Saint Louis, Missouri-based developer of population health management solutions, secured approximately $71m in financing.
The round included new and existing investors.
The company intends to use the funds to further strengthen its position as a leader in population health management and expand from eight to 20 U.S. markets.
Led by W. Michael Long, chairman and chief executive officer, Lumeris provides solutions to enable health systems, payers and providers create Population Health Services Organizations and define populations for risk. It enables providers and their accountable care teams with process improvement strategies, technology tools and clinical workflows to manage their patients and populations effectively. The company works collaboratively with payers to ensure the right contracts, measures and incentives are in place to influence physician behavior and drive quality, cost and utilization performance.