Cedar Gate Technologies, a leading value-based care performance management company, announced it has received a minority investment from Cobalt Ventures.
Cobalt Ventures, a subsidiary of Blue Cross and Blue Shield of Kansas City, invests in healthcare companies that increase the overall quality of healthcare services, improve outcomes and lower costs.
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“We are pleased to receive this strategic investment from Cobalt Ventures,” said David B. Snow Jr., CEO of Cedar Gate Technologies. “This validates the effectiveness of our end-to-end software and services platform to deliver better patient and financial outcomes. Healthcare’s transformation to value-based care is critical and with this investment, we will continue to bring providers, payers and self-insured employers together so they can succeed in any risk-based arrangement.”
Cedar Gate supports all facets of value-based care including primary care attribution, retrospective and prospective bundles, primary care capitation, specialty capitation and global capitation. Using its cloud-based SaaS platform and administrative systems, Cedar Gate enables payers, providers and self-insured employers to reduce medical spend, re-capture revenues and to deliver high-performance healthcare.
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“Cobalt Ventures is excited to add Cedar Gate to our investment portfolio,” said Phillip Linville, Principle for Cobalt Ventures. “Cedar Gate is a high-growth company that has become a leader in value-based care performance solutions and is well positioned to generate sustainable value across the healthcare technology sector.”
John D. Kos, Principal of GTCR and a Cedar Gate board member, remarked, “Cedar Gate’s strong growth since inception demonstrates GTCR’s continued execution of The Leaders Strategy™, as we find ways to partner with talented and experienced executives like David Snow and help them build industry-leading businesses through organic initiatives and M&A. We look forward to working with Cobalt Ventures as strategic partners to continue to build on Cedar Gate’s leading position in the value-based care marketplace and enable payors, providers and self-insured employers to transition to value-based reimbursement through the use of superior performance management and operating systems.”
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