# RubiconMD

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/rubiconmd

- Industry: Healthcare IT
- Headquarters: New York, US
- Website: www.rubiconmd.com
- Total disclosed funding: $36M
- Latest round: Series C (Mar 10, 2020)
- Investors on record: 9

## About

RubiconMD is a virtual specialty care platform that enhances primary care workflows by integrating specialty consultations, improving healthcare access through efficient eConsults.Founded in 2013, RubiconMD operates a virtual specialty care platform that connects primary care providers with board-certified specialists across over 140 specialties. The company is headquartered in New York, US. The founding team includes Carlos Reines and Gil Addo, with Gil Addo serving as CEO. In October 2021, RubiconMD was acquired by Oak Street Health, LLC for USD 130 million, with an additional USD 60 million contingent on performance. The acquisition was aimed at scaling Oak Street Health's model and enhancing patient access and coordination.RubiconMD operates a comprehensive virtual specialty care platform that enhances the workflow of primary care providers through the integration of specialty consultations. At its core, the platform facilitates eConsults, enabling primary care clinicians to connect efficiently with board-certified specialists across over 140 specialties and sub-specialties. The platform addresses critical challenges in healthcare access by streamlining the referral process and reducing wait times for patients seeking specialized care. RubiconMD serves a diverse client base including accountable care organizations, health systems, and community health centers, primarily in the United States, benefiting healthcare providers and patients in underserved areas.RubiconMD generates revenue through a subscription-based model, where healthcare organizations pay for access to the eConsult platform and its associated services. Clients typically engage in annual subscriptions that allow their healthcare teams to submit a specified number of eConsults per month, facilitating seamless communication with specialists. The pricing structure accommodates various client needs, with organizations often procuring multiple licenses. Revenue may also be supplemented through partnerships with health plans, promoting value-based care initiatives and cost-effective specialty care solutions for patients. Specific pricing details are not disclosed, but the revenue model emphasizes long-term relationships with healthcare providers.Following its acquisition by Oak Street Health, Inc. in October 2021, RubiconMD plans to leverage its resources to scale operations across current and future markets. The acquisition aims to improve access and coordination for patients, aligning with Oak Street Health's strategy. Future initiatives will include the design and launch of new products, although specific release dates are not yet detailed. The funding from the acquisition will support these growth efforts, enhancing the value of care delivered through the platform.

## Funding rounds

- Series C, Mar 10, 2020, $18M — HLM Venture Partners, Deerfield Management, Heritage Provider Network, Waterline Ventures, Optum Ventures
- Series B, Apr 19, 2018, $14M — Clayton Associates, HLM Venture Partners, Centene Corporation, Alumni Ventures Group, Waterline Ventures, Mundi Ventures, Optum Ventures
- Series A, Jun 1, 2016, $4M — Clayton Associates, Mundi Ventures, Waterline Ventures

## Investors

- Clayton Associates (https://capitalatlas.ai/funds/clayton-associates) — Series A, Series B
- Mundi Ventures (https://capitalatlas.ai/funds/mundi-ventures) — Series A, Series B
- Waterline Ventures (https://capitalatlas.ai/funds/waterline-ventures) — Series A, Series B, Series C
- HLM Venture Partners (https://capitalatlas.ai/funds/hlm-venture-partners) — Series B, Series C
- Centene Corporation — Series B
- Alumni Ventures Group (https://capitalatlas.ai/funds/alumni-ventures-group) — Series B
- Optum Ventures (https://capitalatlas.ai/funds/optum-ventures) — Series B, Series C
- Deerfield Management (https://capitalatlas.ai/funds/deerfield-management) — Series C
- Heritage Provider Network — Series C