Wider Circle Scores $38 Million Series B

<p><strong><span class&equals;"xn-location">REDWOOD CITY<&sol;span> <&sol;strong>&&num;8212&semi; <a href&equals;"https&colon;&sol;&sol;c212&period;net&sol;c&sol;link&sol;&quest;t&equals;0&amp&semi;l&equals;en&amp&semi;o&equals;3306484-1&amp&semi;h&equals;429431001&amp&semi;u&equals;https&percnt;3A&percnt;2F&percnt;2Fwww&period;widercircle&period;com&percnt;2F&amp&semi;a&equals;Wider&plus;Circle" target&equals;"&lowbar;blank" rel&equals;"nofollow noopener"><span class&equals;"xn-person">Wider Circle<&sol;span><&sol;a>&comma; a tech-enabled community health organization working with health plans and providers to connect neighbors for better health&comma; t has closed a <span class&equals;"xn-money">&dollar;38 million<&sol;span> Series B funding round led by AmeriHealth Caritas&comma; a national leader in Medicaid managed care&period;<&sol;p>&NewLine;<p>The AmeriHealth Caritas investment was made through the company&&num;8217&semi;s new wholly owned subsidiary&comma; Social Determinants of Life&comma; Inc&period; Blue Venture Fund&comma; Chicago Ventures and other previous investors also participated in the round&comma; which <span class&equals;"xn-person">Wider Circle<&sol;span> will use to build out its national infrastructure&comma; team and technology to support its expansion plans&period;<&sol;p>&NewLine;<p>&&num;8220&semi;<span class&equals;"xn-person">Wider Circle<&sol;span> was founded with the mission to build and cultivate trusted peer-to-peer relationships&comma; engaging Medicaid and Medicare beneficiaries at a local level to drive health literacy and adherence and improve access to social determinants of health resources to address challenges ranging from food insecurity to social isolation&comma;&&num;8221&semi; said <span class&equals;"xn-person">Moshe Pinto<&sol;span>&comma; CEO&comma; <span class&equals;"xn-person">Wider Circle<&sol;span>&period;  &&num;8220&semi;With the closing of this Series B funding round&comma; we are even better positioned to address health equity and SDoH needs at scale as we connect neighbors for better health&period;&&num;8221&semi;<&sol;p>&NewLine;<p><b>&&num;8220&semi;<&sol;b>We are very excited to partner with <span class&equals;"xn-person">Wider Circle<&sol;span>&period; Our two companies know the power and impact that social networks can have not only on health&comma; but to elevate life outcomes and create mobility out of poverty&period; AmeriHealth Caritas was an early pioneer in addressing the health outcomes of people who are challenged by poverty and disability&period; Today we know the future must focus on moving from wellness to resilience&comma; and that neighborhood-level social support is a key foundation&comma;&&num;8221&semi; said <span class&equals;"xn-person">Paul A&period; Tufano<&sol;span>&comma; Chairman and CEO of AmeriHealth Caritas&period; &&num;8220&semi;By building strong social networks and focusing on the underlying root causes of poverty&comma; we can help to ensure that the American Dream is in reach for all&period;&&num;8221&semi;<&sol;p>&NewLine;<p>In 2015&comma; <span class&equals;"xn-person">Wider Circle<&sol;span> set out to find a better way to help Americans thrive at any age&period; Through rigorous analysis and testing&comma; their team learned that the most effective approach to enabling better health and independence is to integrate support and services at the community level&comma; making it easier for neighbors to take the best care of each other&period; Today&comma; <span class&equals;"xn-person">Wider Circle<&sol;span> offers its innovative programs to more than 320 communities nationwide&period;<&sol;p>&NewLine;<p>Central to <span class&equals;"xn-person">Wider Circle&&num;8217&semi;s<&sol;span> DNA is its evidence-based&comma; data-driven approach to identifying and grouping like-minded health plan members at the hyper-local level&comma; and then empowering those neighbors to support one another through tailored in-person and virtual programming&period; <span class&equals;"xn-person">Wider Circle<&sol;span> programs have helped Medicare and Medicaid plan members improve preventative care utilization and vaccine adoption rates while reducing hospital days&period; During the COVID-19 pandemic&comma; the organization has played a critical role in supporting vulnerable populations facing isolation &&num;8211&semi; delivering more than 180&comma;000 meals to those in need and driving comprehensive social support services&period;<&sol;p>&NewLine;<p>&&num;8220&semi;Empowering peer-to-peer social support networks can overcome systemic economic and health inequities&comma;&&num;8221&semi; said <span class&equals;"xn-person">Darin Buxbaum<&sol;span>&comma; president and chief operating officer of Wider Circle&period; &&num;8220&semi;With the support of AmeriHealth Caritas&&num;8217&semi;s new Social Determinants of Life&comma; Inc&period;&comma; Blue Venture Fund and others <span class&equals;"xn-person">Wider Circle<&sol;span> is well positioned to extend our proven hyper-local engagement model to improve health outcomes in communities nationwide&period;&&num;8221&semi;<&sol;p>&NewLine;<p>Only between 10&percnt; and 20&percnt; of a person&&num;8217&semi;s health is reportedly tied to factors like clinical care&period; The other 80 to 90&percnt; can be broadly attributed to social determinants of health &lpar;SDoH&rpar; which affect a wide range of health and quality-of-life outcomes&period;<&sol;p>&NewLine;