"Musculoskeletal (MSK) disorders now cost the U.S. healthcare system more than $400 billion a year, and continue to increase...Physicians spend nearly 75% of their time on tasks unrelated to patient care, and the system is rife with unnecessary interventions, missed billing windows, and patients being routed to the wrong specialists." This is the mission that keeps the Flagler Health team up at night, a challenge that we are honored to take on. Thank you to Sooah Cho and the SignalFire team for believing in us during our early days. Proud to keep building together. https://lnkd.in/gdTybbSx
🎉 We're thrilled to double down on our investment in Flagler Health's $50 million Series B round alongside Steve Kraus at Bessemer Venture Partners after leading the Series A round. Flagler has been transforming the $400B+ musculoskeletal (MSK) market with their AI-native operating system. Albert Katz, CEO of Flagler Health, shares, "MSK is where the healthcare system's dysfunction is the most visible. We're the only platform built to fix it at the root." Flagler's platform is built on a vast dataset of 220M+ patient records with a compounding data advantage as thousands of providers across 36 states leverage Flagler to orchestrate their full patient lifecycle, from initial intake through triage, prior authorization, billing, and patient communications. Flagler's AI-native care delivery model results in a win-win-win for all stakeholders. 87% of patients reported improvement in pain, mood, sleep, or mobility. Flagler also generates up to $164,000 in average additional annual revenue per provider, while enabling payors to save tens of thousands of dollars per patient through Flagler’s MSK risk triage engine, which routes patients away from unnecessary surgeries to the right treatment at the right time. If you're interested in joining Flagler Health's mission, check out the open positions in the comments below. Thanks to Albert, Will Hu, and Leon Anijar for the partnership, and excited for the journey ahead together! 🚀