Key Highlights
- $92 Million Investment: Insight Partners invests $92 million in Employer Direct Healthcare, raising its valuation to $1 billion.
- Expansive Network: EDH serves over 4 million people across the U.S., with a network of 3,000+ surgeons and oncologists and over 500 facility partners.
- Significant Cost Reductions: EDH has reduced healthcare costs for employer clients by approximately $700 million, with further reductions expected in 2023.
Source: PR Newswire
Notable Quotes
- “Every day, EDH is serving people at their most vulnerable – guiding members to high-quality providers that are close to home, at little or no cost to them.” – John Zutter, CEO at EDH
- “EDH is a rare example of the right management team, the right model, and the right technology to truly change the outcomes and business of healthcare.” – John Zutter, CEO at EDH
- “EDH helps to ensure that we’re able to provide access to high-quality, affordable surgical care for our AutoZoners across the U.S.” – Matt Harmon, VP of Compensation, Benefits and HRIS, Customer Satisfaction at AutoZone
SoH's Take
Employer Direct Healthcare’s significant investment from Insight Partners is a clear indicator of its growing influence and success in the specialty healthcare network sector. This influx of capital not only solidifies EDH’s market position but also underscores the increasing importance of efficient and accessible healthcare solutions for self-funded employers. The company’s impressive network expansion and cost-saving achievements demonstrate a sustainable and impactful approach to healthcare. Looking ahead, EDH’s focus on expanding its Cancer Care Direct program and forging key partnerships indicates a strategic move towards comprehensive and integrated healthcare solutions. This investment is likely to catalyze further growth and innovation in the sector, benefitting employers and employees alike.
