are reshaping how Americans get healthcare. They're aiming to make care easier to access and more affordable, and are taking approaches that range from delivering care online to setting up new kinds of clinics. The efforts will be particularly important as the US faces a shortage of clinicians, and as the population ages, increasing the demand for care.
RubiconMD's $18 million investment round was led by Deerfield Management, and brings the startup's total funding to more than $40 million, according to the company. The company declined to give a valuation. Optum Ventures, HLM Venture Partners, Waterline Ventures and Heritage Provider Network also invested.
Dr. Julian Harris, a partner at Deerfield who previously worked at the health insurer Cigna, joined RubiconMD's board as part of the investment. Before Cigna, Harris worked on healthcare issues in the administration of President Barack Obama and oversaw the Medicaid program in Massachusetts.RubiconMDAddo, 34, and Carlos Reines, 35, founded RubiconMD in 2013 after meeting at a healthcare event at MIT. Both have MBAs from Harvard Business School.