San Francisco-based Carrum Health closed $40 million in Series A funding, which it will use to improve its artificial intelligence-powered technology and expand access to care, according to a Jan. 7 news release.
Founded in 2014, Carrum Health developed a platform that connects employers and employees with centers of excellence for surgical procedures including spine and orthopedics.
The company's bundled payment program aims to lower employer healthcare costs for orthopedic procedures, improve clinical outcomes and expand access to care.
Carrum Health providers offer a 30-day warranty on each procedure, including any costs associated with care, according to the news release. The company evaluates COEs and surgeons to ensure that only the top 10 percent of providers are included in the program.
Recent additions to the company's COE network include Rochester, Minn.-based Mayo Clinic, Philadelphia-based Rothman Orthopaedic Institute and OrthoIndy Hospital in Indianapolis.