Mar 6, 2024
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News
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4 minutes
Washington, D.C.-based Chamber Cardio said it raised $8 million in a seed round led by General Catalyst as it builds a plan to partner with cardiology practices in a market worth an estimated $400 billion annually.
The funding will be utilized to develop the Chamber's technology further, expand the cardiology network nationally, and grow the team.
“Cardiovascular care, a top cause of U.S. mortality and financial challenge for health plans, is expected to intensify with rising disease, aging populations, and complex supply dynamics. Our partnership with Chamber aims to shift cardiology care toward value, enhancing access to high-quality care and lowering healthcare costs, which are core tenets of ourHealth Assurance thesis."
Chris Bischoff
MANAGING DIRECTOR AT GENERAL CATALYST
Chamber Cardio was founded in response to challenges expressed by cardiologists nationwide. Many voiced their frustration with the lack of technology to care for their population effectively and the inability to negotiate with payers and secure value-based deals based on quality. Chamber addresses this by equipping cardiologists with real-time insights, evidence-based guidelines, care teams, and contracting support to streamline workflows, enabling them to focus on patient care. The company’s mission is to empower cardiologists to operate in a value-based world where they are compensated for delivering the right care at the right time.
“Our objective is to provide unparalleled support to cardiologists as they navigate the transition to value-based care, putting them in control of their practice. By doing so, we aim to provide patients with the highest quality of care, ultimately improving health outcomes for heart disease.”
George Aloth
CO-FOUNDER & CEO AT CHAMBER CARDIO
Co-founded by George Aloth, former president & CEO of a BCBS health plan and kidney care VBC executive; Dr. Sameer Sheth, a cardiologist and digital health leader; and Dr. Jeffrey De Flavio, a co-founder of Pearl Health and founding CEO of Groups Recover Together, Chamber’s team has deep expertise in operating and navigating the complexities of value-based care. Chamber is the premier solution for both cardiologists and payers to improve the health outcomes for individuals with cardiovascular disease.
Chamber is actively managing patients in the Mid-Atlantic region with ambitious plans for nationwide expansion. In addition to existing payer partnerships, Chamber is looking to grow the cardiology network rapidly.
