# Lantern Specialty Care

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/lantern-specialty-care

- Industry: Healthcare
- Headquarters: Dallas, US
- Website: www.edhc.com/
- Latest round: Series C (Jan 12, 2016)
- Investors on record: 2

## About

Employer Direct Healthcare, LLC is a US-based specialty care platform that connects clients to high-quality, cost-effective healthcare solutions for complex medical needs, focusing on improving health outcomes for employees and reducing healthcare expenses for organizations. Founded in 2011 and headquartered in Texas, US, Employer Direct Healthcare, LLC dba Lantern Specialty Care is a healthcare navigation and specialty care platform that connects health plan members, employees, and their families with high-quality providers for complex and high-cost medical conditions. In December 2023, Employer Direct Healthcare, raised venture funding from Insight Partners for USD 92 million. The company valued to USD 1 billion. Employer Direct Healthcare operates a specialty care platform that focuses on providing access to complex, high-cost care areas, including surgery, cancer treatment, and infusion therapy. This platform serves as a Network of Excellence, connecting members with top-performing specialists nationwide to ensure high-quality care while significantly reducing healthcare costs. The company's offerings address the challenges associated with navigating complex healthcare scenarios, particularly for employers, public sector organizations, labor unions, benefits consultants, and health plans. Their solutions are utilized across various geographical markets in the United States, where healthcare spending remains substantially high, with a focus on enhancing the overall member experience by facilitating timely access to specialized care and optimizing patient outcomes.Employer Direct Healthcare's revenue model primarily relies on business-to-business (B2B) transactions with employers and health plans, who utilize the platform to manage their employees' specialty care needs. Clients engage with the company through partnerships involving subscription-based services or contractual agreements for care management solutions. The services offered, including surgical care and oncology support, are priced in alignment with their value proposition of cost savings and quality enhancement, emphasizing long-term partnerships that facilitate ongoing access to specialized care and continuous support for healthcare decision-making.

## Funding rounds

- Series C, Jan 12, 2016 — Dundon Capital Partners
- Series B, Feb 3, 2015 — TEXO Ventures
- Series B, Oct 8, 2014 — TEXO Ventures
- Series B, Jul 14, 2014 — TEXO Ventures
- Series B, Feb 11, 2014 — TEXO Ventures
- Series B, Nov 13, 2012 — TEXO Ventures

## Investors

- TEXO Ventures (https://capitalatlas.ai/funds/texo-ventures) — Series B
- Dundon Capital Partners — Series C