Covera Health partners with doctors to better define, measure, and deliver quality care. The company leverages advanced data analytics to build programs for employers, health plans, and other healthcare entities that reduce misdiagnoses, improve patient outcomes, and reduce medical costs.
Covera Health’s first solution, its innovative Radiology Centers of Excellence Program, operates in all 50 states and covers over one million lives.
Covera Health recently announced a multi-year, strategic collaboration with Walmart designed to improve the quality of healthcare for eligible associates and their dependents, by helping them avoid misguided and unnecessary treatment based on inaccurate radiology diagnoses.
Walmart associates and dependents on the company’s health plan have access to Covera Health’s innovative Radiology Centers of Excellence Program, which features three main components: a nationwide network of superior radiologists; ongoing quality assurance and monitoring, with actionable feedback for doctors; and improved health outcomes for patients.
Walmart advises employees to seek care at these centers, even if they are not the least expensive. Employees are not required to use these centers, but if they do not will have to pay additional cost-sharing.
Covera Health received $8.5 million in Series A funding earlier this year. The financing was led by Equity Group Investments (EGI). The round also included New York-based Prism Ventures, as well as select strategic and individual investors.
Covera Health plans to use the proceeds to deepen existing clinical partnerships, invest heavily in its research and development efforts around quality analytics, as well as establish new relationships with various clinical and data partners. In addition, the Company also intends to use the capital to support several growth initiatives, accelerate product development, and further build out its data science, engineering, and sales teams.