Transcarent vs Ankr

About

Transcarent is a health and care company founded in 2020 by Glen Tullman, the founder of Livongo, that has raised over $450M to build an AI-powered health navigation platform for self-insured employers. The platform serves as a concierge health experience for employees, using AI to match members with high-quality providers, guide them to appropriate care settings, and help them avoid costly unnecessary procedures. Transcarent's WayFinding AI model draws on clinical data and quality metrics to direct employees to top-tier providers for specific conditions and procedures. The company has acquired 98point6, a virtual primary care platform, to integrate physician-delivered AI-powered primary care into its offering. Transcarent serves large self-insured employers that bear the full cost of employee healthcare and are motivated to improve quality while reducing unnecessary spending. The company promises employers cost savings and employees a better experience by removing the complexity that makes navigating healthcare so difficult. As employer healthcare costs continue rising, Transcarent addresses a massive market need for intelligent navigation that connects the right patient with the right care at the right cost.