We’re growing in big ways, and we’ve just secured $130 million in new funding from investors for our expansion in access, service and insurance plans for employers and individuals. Existing investors General Catalyst, 8VC, and Alta Partners co-led the funding, while DFO Management (Dell Family Office) increased its strong support of Harbor Health.
The new funding allows us to expand our large employer health insurance plans and launch individual and family insurance plans that will be available on healthcare.gov, the Individual Insurance Marketplace, in November. It also enables us to continue expanding our clinical footprint to broaden consumer access in Texas and specialty service lines to address growing care needs. Specialty areas include rheumatology, dermatology, cardiology, endocrinology, and mental health.
“In serving more than 50,000 Central Texans, we see their needs go beyond primary care,” said Harbor Health Co-Founder Dr. Clay Johnston. “By integrating more specialty providers into our health teams, we’re surrounding each member with the expertise they need. Our insurance plans synergize with the care model so that everything is aligned to achieve the best health possible.”
Care and Coverage Working Together for Better Health Journeys
We believe care models should be paired with longitudinal coverage models that encourage people to do what's best for their health. Each Harbor Health member is connected to a dedicated health team and customized care pathways. This personalized approach helps to improve outcomes while lessening the emotional and financial burden the current healthcare system has on people. In fact, our plans are designed to make it easy and affordable for our members to stay healthy. It’s even possible for members to get all the care they need – for only the cost of their premium.
Harbor Health insurance plans are designed to offer large group employers and individual consumers more coordinated care and coverage together at a lower cost than traditional plans. Designed by doctors, the plans are built around a robust network of primary care providers and specialists, giving members direct access to high-quality care within Harbor Health. We also maintain strong partnerships with a wide array of external providers, ensuring that members receive timely referrals and coordinated treatment across the broader healthcare landscape.
We’ve structured our health plans to support our clinical model:
- We surround our members with a dedicated care team. From their first appointment, members have access to an entire health team composed of doctors, registered nurses, mental health professionals, and more, depending on their health needs.
- We’re available for everyday health needs. Members can reach out to their care team via call, text, or portal message for non-emergent care.
- We incentive sticking to the plan. Saving money is simple for members. For most services, including specialist referrals, members can pay $0 out-of-pocket as long as they follow the care plan they make with their Harbor Health primary care doctor.
- Members can choose to pay more. Our plans are built to save money, but members can always choose to visit any provider without a referral and pay a higher cost share.
“We are committed to a new advanced clinical model and payment structure that rewards providers to reduce population health risks and lower overall costs,” said Harbor Health Co-Founder Tony Miller. “People want personalized care and clear guidance on how to make lifestyle changes and informed decisions about treatment and costs. Employers need better options to keep rising healthcare benefit costs under control. We know we can deliver the plans at a 10% to 20% savings while making the plans richer for the members.”
Harbor Health’s Impact Inspires Sustained Investor Backing
Our new approach to health delivery and the history of success by both Johnston (Inaugural Dean of the University of Texas Dell Medical School) and Miller (Founder of Bind/Surest) keep investors energized. We’re excited to welcome new investors and maintain support from those who have helped us since the beginning. Our new funding announcement comes as we celebrate several significant successes:
- Harbor Health has cared for more than 50,000 people in Central Texas (Travis, Williamson, and Hays counties), and that number is growing rapidly.
- The vast majority of Harbor Health members say they would likely recommend the company and care to a friend or colleague (net promoter score [NPS] of 90).
- Harbor Health has grown from three clinic locations in 2022 to 11 clinics, including three Express Care clinics that offer extended hours, with more locations coming soon.
- Harbor Health operates two mobile clinics and an infusion center.
This funding round also includes returning investors Health 2047 Capital Partners, Lemhi Ventures, Martin Ventures, Breyer Capital and a series of individuals.
With continued growth in our insurance plans, clinical footprint, and specialty care services, we remain committed to transforming healthcare delivery, making it more connected, accessible, and cost-effective for all.