Pair Team Reels In $9 Million Series A

<p><span class&equals;"legendSpanClass"><span class&equals;"xn-location"><strong>SAN FRANCISCO<&sol;strong> <&sol;span><&sol;span>&&num;8212&semi; Pair Team&comma; a virtual and community-based primary care solution connecting Medicaid&&num;8217&semi;s highest-risk patients to high-quality care&comma; today announced it has raised <span class&equals;"xn-money">&dollar;9 million<&sol;span> in Series A funding&period; The financing was led by NEXT VENTURES&comma; with participation from PTX Capital&comma; Kapor Capital&comma; Kleiner Perkins&comma; Y Combinator&comma; and several healthcare angel investors including Jay Desai&period;<&sol;p>&NewLine;<p>The funding will be used to help Pair Team accelerate its expansion across <span class&equals;"xn-location">California<&sol;span> by enabling the company to grow its network of safety net organizations and scale its current team to support additional patients&period;<&sol;p>&NewLine;<p>Since <span class&equals;"xn-chron">January 2022<&sol;span>&comma; the Centers for Medicare &amp&semi; Medicaid Services &lpar;CMS&rpar; and other federal agencies have had their eyes on <span class&equals;"xn-location">California<&sol;span> with the launch of the nation&&num;8217&semi;s largest-ever program to transform the healthcare system for vulnerable communities&period; With nearly <span class&equals;"xn-money">&dollar;10B<&sol;span> in total funding&comma; <u>California Advancing and Innovating Medi-Cal &lpar;CalAIM&rpar;<&sol;u> is integrating social support services such as housing&comma; food access and transportation through local health plans for low-income residents&period; The goal is to elevate the role of community-based organizations &lpar;CBOs&rpar; such as shelters&comma; food pantries&comma; and rehab facilities in the care delivery system&period; This is the future of Medicaid laid out by CMS&comma; and other states like <span class&equals;"xn-location">New York<&sol;span> are following suit&period; However&comma; local clinics and CBOs lack the resources to effectively coordinate and establish a new model of care&period;<&sol;p>&NewLine;<p>Pair Team solves these issues by partnering with local health centers and community-based organizations&comma; giving them access to a shared&comma; value-based care management platform that is utilized by Pair Team&&num;8217&semi;s network of safety net organizations and providing staffing support to fill gaps in care access and coordination&period; By enabling existing organizations to provide both virtual and in-person care through its shared platform&comma; Pair Team connects Medicaid&&num;8217&semi;s highest-risk patients with the information and services they need&comma; such as housing coordination&comma; grocery delivery&comma; medication management&comma; virtual therapy and other primary care services&period;<&sol;p>&NewLine;<p>&&num;8220&semi;Pair Team&&num;8217&semi;s hands-on approach is changing lives for thousands of Californians who are not able to access the care needed to better their health&period; Our virtual and community-based solution builds personal and meaningful relationships with our patients to help them regain trust in and access to the health care system&comma;&&num;8221&semi; said <span class&equals;"xn-person">Neil Batlivala<&sol;span>&comma; CEO and co-founder of Pair Team&period; &&num;8220&semi;This latest financing will help us bring whole-person care to more patients across <span class&equals;"xn-location">California<&sol;span>&comma; and soon nationally&period; This is Medicaid&&num;8217&semi;s regulatory moment&comma; and we are here to help catalyze much-needed change for the wellbeing of our most vulnerable communities&period;&&num;8221&semi;<&sol;p>&NewLine;