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Greater Good Health Raises $10 Million in Funding to Empower Nurse Practitioners and Improve Primary Care AccessHaving launched a care model centered around nurse practitioners, Greater Good Health's latest funding round will broaden its reach and breadth of value-based care capabilities MANHATTAN BEACH, Calif., May 18, 2022 /PRNewswire/ -- Greater Good Health, the company redefining value-based care through the first primary care model centered around nurse practitioners, today announced that it has secured a total of $13 million in funding since its inception last year. Adding to $3 million in previously undisclosed seed funding, Greater Good Health recently closed another round totaling $10 million led by LRVHealth, with participation from Martin Ventures, Health Velocity Capital, returning investor Optum Ventures and additional angel investors and renowned healthcare experts. A testament to Greater Good Health's continued growth trajectory, the funds will be used to help the company grow its existing network of NPs, expand into additional states and broaden its digital solution. "Nurse practitioners, along with other healthcare professionals, have felt undervalued and burnt out for years – a sentiment that was exacerbated by the pandemic and continues in its aftermath," said Sylvia Hastanan, founder and CEO of Greater Good Health, who spent the last decade in leadership roles with national provider organizations such as Optum, Davita Medical Group and HealthCare Partners. "As a result, the nation is facing an alarming shortage of healthcare workers, especially in primary care. To help address provider burnout, it's important to build and expand systems designed to support healthcare professionals to work at the top of their license." Greater Good Health connects and empowers NPs with value-based care training, technology tools, clinical resources and professional development. Resources include a technology-enabled community, personal wellness experiences and professional learning and development content. Additionally, the digital platform enables NPs to improve scheduling, access clinical resources and more. "With more states moving to full practice authority, we recognize that NPs are well-positioned to help improve health access and equity for all," said Hastanan. "And as we continue providing NPs with the tools needed to be successful, we look forward to further expanding our reach to more patients – especially those that struggle with accessing a physician." Operating primarily on the West Coast, Greater Good Health plans to expand in geography and services with value-based provider groups, hospitals and health plans. "The biggest challenge in healthcare right now is addressing rampant provider burnout and physician shortage – especially within primary care. We're hearing this repeatedly from the health systems and other strategic partners in our network," said Tripp Peake, managing partner at LRVHealth. "We're investing in Greater Good Health because their unique approach to empowering nurse practitioners helps fill massive gaps in care. It opens access to primary medicine for more people, keeps people healthier, and ultimately benefits everyone as the industry continues its shift to value-based care." For more information and to join the community, visit www.greatergoodhealth.com. About Greater Good Health About LRVHealth About Martin Ventures About Health Velocity Capital About Optum Ventures View original content to download multimedia:https://www.prnewswire.com/news-releases/greater-good-health-raises-10-million-in-funding-to-empower-nurse-practitioners-and-improve-primary-care-access-301549989.html SOURCE Greater Good Health |