World-class health provides $10 million to the global network of centers of excellence
Shared specifically with MedCity News, the global concierge health benefits World Class Health has raised $10 million in funding that it will use to expand its global network of excellence.
New York City-based world-class health supports self-funded employers and provides access to the top 1% of providers worldwide. The network spans North America, Latin America, Europe, Africa, the Middle East, India and Asia. It includes access to musculoskeletal, cancer, fertility and other specialties. The network price is usually at the Medicare level or lower.
The $10 million raise was led by Transformation Capital. The company has brought its total funding to $18 million six months after it acquired $8 million in seed funding led by Alleycorp.
With financing, the company will invest in improving the patient experience, advancing its technology and attracting top talent, according to world-class health co-founder and CEO Sid Nambiar.
Jared Kesselheim, MD, Managing Partner at Transformation Capital, said world-class health is a major pain point for employers: rising health care costs. In fact, a recent Rand report shows that private health plans pay hospitals about 254% of what health insurance pays for the same service.
“For employers and consumers, health care costs in the United States remain unsustainable, and quality is often opaque and inconsistent,” Kesselheim said in a statement. “World-class health has the potential to redefine the COE model – by turning patients to top providers in the domestic and international markets, this meaningfully reduces costs for employers and consumers while providing experience with curated, high-quality care for patients and with assured outcomes that employers can trust.”
According to Nambiar, world-class health is for several key reasons. First, large global companies hope that they can provide a consistent benefit to employees around the world. Additionally, many U.S. companies employ immigrants who may be interested in obtaining care in their home country.
He cited examples of industries that can benefit from world-class health.
“In the United States, about 50-60% of the knowledge workers at tech companies or financial companies will be the first generation of immigrants. … The second plate is people from agribusiness and manufacturing, usually in the south, and these are Hispanics,” he said in an interview with the health panel at the health conference. “Here are these people coming to the United States, they do these jobs, and they would rather go home when they want to be cared for. Their immediate family may come home.”
World-class Health was founded in 2024 and currently serves approximately 10 employers. Nambiar hopes to double it next year. In addition, he expects the company to cover 1 million lives by the end of 2025.
For at least one employer client, world-class health is achieving results.
“We have more than 1,000 employees involved in the program and 20% of our employees are involved in the services provided every year,” Kate Verbeck, general rewards director at manufacturing company HSM Solutions, said in an email. “In fact, many members of our senior leadership team have used the program in person, which is a strong recognition of the quality of care and services they provide. This involvement brings over $20 million in savings to our company’s savings and nearly $3 million in out-of-pocket expenses for our employees.”
Several other companies have access to the Centre of Excellence, including Carrum Health and Lantern. However, according to Nambiar, world-class health varies by becoming global.
Photo: Stock Finland, Getty Images
