Nuna Launches with More Than $90 Million in Funding to Help Make High-Quality, Affordable Healthcare Accessible to Everyone
January 19 2017 - 1:00PM
Business Wire
Nuna Partners on Launch of Major National
Medicaid Platform
Nuna, which is participating as a partner in the development of
a national modernized data platform for Medicaid, is officially
launching out of stealth. The new Medicaid data platform, when
through beta and expanded to include data from all states, has the
potential to collect and contain eligibility, provider, and managed
care plan and other data for 74.5 million lives from all 50 states
and the District of Columbia. The company also announced that it
has closed more than $90 million in funding to date, led by Kleiner
Perkins Caufield & Byers and John Doerr, to continue to scale
its team and operations to deliver its health data platform to even
more customers.
“The healthcare industry is the largest part of the U.S.
economy, with more than 12 million jobs and $3 trillion of annual
spend,” said John Doerr, Nuna investor and Chair at Kleiner
Perkins. “Nuna’s ‘SEAL Team Six’ of data and computer scientists
transform health data into powerful insights which employers,
governments, and health plans are using to save costs, improve
quality of care, and change lives.”
Founded to make high-quality, affordable healthcare accessible
to everyone, Nuna works with self-insured employers, health plans,
and the Centers for Medicare and Medicaid Services (CMS) to deliver
actionable insights from data. Based on Amazon’s AWS cloud
computing technology, Nuna has created a uniquely powerful data
platform which securely and cost-effectively ingests, aggregates,
and analyzes healthcare information at an unprecedented scale. Data
that used to take a week to process can now be done in just hours.
Nuna’s suite of products help employers, health plans and
policymakers answer the questions that matter most to them —
questions related to cost, quality, and access to care.
Nuna—Bringing Insights to Government
“Every row of data is a life whose stories deserve to be told
with dignity,” said Jini Kim, cofounder and CEO of Nuna. “Unifying
data from 50 states and the District of Columbia into a new
national data platform for Medicaid would not have been possible
without the incredible partnership with CMS. For the first time
since the inception of Medicaid, questions can be answered that
were never before possible.”
“Building the first Medicaid data warehouse is an important
national priority, but it is fraught with complexity. It takes good
partners like the Nuna team to make the progress we've made,” said
Andy Slavitt, Acting Administrator for CMS. “The Medicaid system
and Silicon Valley have the opportunity to innovate together. Over
time, the insights and analysis that can be brought to Medicaid
have the potential to shed significant light on the healthcare
experience for millions of low-income working Americans.”
Nuna performs this work under prime contractor Quality Software
Services (QSSI), which was selected to build the first national
data warehouse for Medicaid and the Children’s Health Insurance
Program (CHIP).
Nuna—Bringing Actionable Insights to Employers and Health
Plans
In addition to working with government, Nuna partners with
self-insured employers to bring clarity to health plan utilization,
identify opportunities to improve employee health, and curb overall
healthcare costs, which are expected to increase six percent for a
third consecutive year in 2017 at large U.S. companies. Nuna’s
platform helps these employers integrate many disparate data
sources to better manage the health of employees and their
families. Nuna is also working with health plans such as Blue Cross
Blue Shield North Carolina (BCBSNC) to help improve the quality and
affordability of care for members, creating cutting-edge products
for network design and evaluating physician performance.
“Most big businesses are investing in analytics, and health
insurers are no exception. But with immense amounts of data
available today, the biggest challenge is identifying truly
actionable insights that lead to real value for a given population.
Finding that value for our nearly four million customers is our
focus,” said Patrick Getzen, chief actuary for BCBSNC. “Companies
like Nuna that can provide the analytics platform and expertise
needed to extract actionable insights, can help link consumers to
the right care at the right time—leading to better outcomes and
more affordable healthcare.”
About Nuna
Nuna Inc. was founded in 2010 by Jini Kim, previously a product
manager with Google Health and a key member of the team that saved
the roll-out of Healthcare.gov, and David Chen, previously a Senior
Data Scientist at Netflix and a graduate of the biomedical
informatics training program at Stanford. The company has raised
over $90M in funding from Kleiner Perkins Caufield & Byers and
John Doerr, and is headquartered in San Francisco, California. For
more information, please visit www.nuna.com.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20170119006043/en/
The Hatch AgencyJudy Huangnuna@thehatchagency.com