Austin-based Harbor Health, a primary and specialty clinic group, recently announced that it has secured an additional $95.5 million in funding.
General Catalyst led the round of funding with participation from Alta Partners and *VC. To date, Harbor Health has raised more than $128 million.
The company plans to use the funding to provide more primary care services and specialty care offerings.
Harbor Health was founded by Dr. Clay Johnston, Eric Scott (from 8VC), and Tony Miller.
“We realized in order to maximize the impact of our innovations, we needed to combine our efforts into one enterprise as a vertically integrated ‘pay-vider’ – both a payer and a provider,” Johnston said in a statement. “We have built a geographically dense care model that is organized around integrated practice units and focused on member health conditions. This new investment and our rapid growth confirm our innovative care model is working, and we’re meeting more people where they are with collaborative, team-based care.”
Harbor Health is creating a new healthcare model that puts consumers in control of their health.
“Eventually, we see a future where current care design and benefit design models become obsolete, replaced by a health-producing and health-promoting system that follows people along their life journeys,” Miller said in a statement.
This new approach and the history of success by both Johnston and Miller have attracted attention in the marketplace and from investors.
“There’s a strong appetite for a fresh approach to healthcare delivery among employers that prioritizes outcomes, enhances consumer engagement, and is proactive by design,” Chris Bischoff, Managing Director at General Catalyst said in a statement.. “We believe Harbor Health is providing ease of access to the largest covered population in the U.S. and bringing much-needed change as the company seeks to transform value-based care for the commercial sector. This aligns with our Health Assurance thesis. We look forward to supporting Tony, Clay, and the Harbor Health team in this new phase of growth.”
Harbor Health has eight locations in Central Texas, with more planned this year. It also launched two mobile health units. It employs 43 clinicians. Harbor Health touched consumers more than 25,000 times in Austin in 2023 with in-clinic appointments, virtual appointments, mobile clinics, and other modes of communication.