Medicaid today serves one in three Californians. The CHCF team helps innovative companies navigate and scale technology within these complicated health networks by offering our expertise and relationships as a strategic investor. We invite other investors to consider co-investing in our portfolio of companies that are working to scale within the Medicaid ecosystem.
The market opportunity:
- 33% of California’s population is covered by Medi-Cal
- $100 billion is spent annually on Medicaid in California
Successful CHCF Investment: Collective Medical Technologies
Collective Medical Technologies delivers real-time emergency department and inpatient hospitalization alerts across California.
Collective grew from 70 to 147 hospitals in California since we invested in 2018, also adding 39 payers representing more than 10 million patients, and 57 postacute facilities. They now deliver approximately 500,000 alerts monthly in California.
The use of Collective’s technology in Washington State led to a demonstrated reduction in emergency room visits and hospitalizations for patients who are high need and high cost, as well as a decrease in opioid prescribing, and early evidence in California suggests the same impacts here.