Arbital Health makes strides in value-based care with the acquisition of Santa Barbara Actuaries and a $10 million Series A funding led by Transformation Capital. The move fortifies Arbital’s role as an industry catalyst, focusing on outcome-driven healthcare contracts. Founded by Travis May and Brian Overstreet, Arbital functions as a neutral evaluator, enhancing trust among healthcare entities. Its initial offerings span value assessment, actuarial advisory services, and value analysis, amplifying its impact in the healthcare landscape.
What You Should Know:
– Arbital Health, a rising star in the value-based care space, announced a significant double play today, acquiring leading actuarial firm Santa Barbara Actuaries and securing $10 million in Series A funding led by Transformation Capital.
– This strategic move positions Arbital Health as a major player in accelerating the healthcare industry’s transition to a more outcome-driven model.
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Building the Infrastructure for Value-Based Care
Founded in November 2023 by healthcare veterans Travis May and Brian Overstreet, Arbital Health is building technology to facilitate outcome-based contracts, a cornerstone of value-based care. By serving as a neutral third-party adjudicator, the company ensures fair assessments of contract fulfillment, fostering trust and collaboration across the healthcare ecosystem.
Fueling Growth and Impact
Transformation Capital’s $10M investment, joined by other prominent healthcare investors, underscores the immense potential Arbital Health holds. “We believe Arbital Health has the right team, technology, and vision to revolutionize how healthcare value is measured and rewarded,” stated Scott Rosen, Partner at Transformation Capital.
Arbital’s Initial Product Offerings
Arbital Health’s initial product offerings cater to diverse needs within the healthcare ecosystem:
Value Assessment for Point Solution Vendors: Quantify the economic value of healthcare interventions and optimize ROI through predictive analytics.
Value Analysis for Payers: Understand the true value employees and members are getting from deployed point solutions.
Actuarial Advisory: Leverage SBA’s expertise for a broad range of consulting services for risk-bearing organizations.
The acquisition of SBA brings a best-in-class actuarial team and established clientele to Arbital Health. “SBA’s expertise strengthens our mission to become the go-to utility for outcome-based contracts,” declared Brian Overstreet, CEO of Arbital Health. “Together, we’ll deliver unparalleled solutions for all stakeholders in the value-based care landscape.”
Source: Hit Consultant