The same venture capital firm that put money behind Amazon.com and AOL is now lending support to accountable care organizations, according to a Kaiser Health News report.
Menlo Park, Calif.-based Kleiner Perkins Caufield & Byers is putting $61 million into Essence Group Holdings, a St. Louis-based company that helps physicians build ACOs. The money will help Essence’s technology branch, Lumeris, in its software marketing.
Essence, which was founded in 2006, says the market for ACO-related products and services could reach $80 billion.
Read the Kaiser Health News report on ACOs.
Related Articles on ACOs:
Time Crunch: Why the Pioneer ACO Might Hurt A Hospital
Survey: 33% of Hospital Executives Plan to Join ACOs, But Less Than 7% Believe Model Improves Quality
10 ACOs to Know
