Waymark partners with Medicaid health plans and primary care providers to deliver community-based care for Medicaid beneficiaries. The company deploys local care teams of community health workers, pharmacists, therapists and care coordinators to support primary care practices. Waymark's proprietary machine learning technology, Waymark Signal, identifies patients at high risk of avoidable emergency room visits and hospitalizations, allowing care teams to proactively intervene.
Waymark was founded by Dr. Sanjay Basu, a primary care physician with deep expertise in Medicaid, and Rajaie Batniji, co-founder of employer health benefits platform Collective Health. The leadership team brings together alumni of major healthcare companies like Google Health, Cityblock Health and UnitedHealthcare. With over $87 million in funding from top investors, Waymark aims to catalyze change in Medicaid by making it easy to implement and pay for proven care models at scale.
While Waymark has made meaningful progress, with 50,000 patients supported across Washington and Virginia, the transition to value-based care in Medicaid has been slow, with most services still billed through traditional fee-for-service models. Attracting and retaining Medicaid enrollees as their eligibility changes also poses challenges. However, Waymark's strong initial traction, experienced team, and advanced technology position it well to tackle the vast and underserved Medicaid market. For mission-driven healthcare professionals, Waymark offers an opportunity to transform care delivery and outcomes for vulnerable populations.
2021
Founded
50-100
Employees
Series A
Stage
$100-$250M
Latest Valuation
$50-100M
Total Funding
Oct 18 2023
Last Fundraise
Why is the rating
Historical Peer Benchmarks

Mindstrong 2019
$200M (2019)
effectively $0 (2023)

Collective Medical 2017
$169.63M (2017)
$650M (2020)

Headspace 2016
$225M (2016)
$800M (2020)
Top Previous Employers

Collective Health

CVS

PwC

UnitedHealth Group

VCU Health
Investors

Andreessen Horowitz
Coinbase, Slack, Flexport