October 18, 2022, KANSAS CITY, MO — Vitori Health, a precision-built health plan solution that combines best-in-class supply chain and plan elements to provide a high-performing alternative for employers and employees, announced today an additional USD 30 million in funding from BV Investment Partners.
Vitori has expanded its reach in the middle to upper markets by providing a continuum of models that enable employers to balance financial imperatives while providing employees with a better health plan experience. Vitori’s flagship product, Fair Market PaymentTM, is an open-access model that allows employees to use any physicians, facilities, and hospitals they want while eliminating traditional network-related costs for plan sponsors.
The investment will support Vitori’s rapid growth and expansion in the face of increased demand from benefits advisors and employers, as well as add key talent, developing new products, and expand their Kansas City corporate headquarters.
Vikrant Raina, CEO and Managing Partner of BV Investment Partners:
“Vitori is a market shaper whose offerings complement our strategic investment approach, Vitori immediately increases its clients’ profitability and assists its employees in spending less on healthcare, which is especially important in today’s economy. This secondary investment is a direct result of the company’s three-fold year-over-year growth and client retention rate of 100%.”
Vitori’s success is built on its ability to drive 30% savings by addressing legacy health insurance conflicts of interest, service, and cost control issues while providing an exceptional member experience and an unrivaled savings guarantee. Vitori was built from the ground up to seamlessly integrate custom-designed features such as concierge member support and advocacy, unique medical payment controls, preferred surgical arrangements, optimized pharmacy pricing, and employer contracting with no hidden fees. As a result, plan sponsors and employees benefit from a high-performance health plan that is significantly less expensive.
“We are delighted that another strategic investment from BV Investment Partners has recognized our success,” said Tim O’Brien, CEO of Vitori Health. This investment will allow us to do even more for employers while also improving healthcare simplicity, affordability, and support for their employees.”
Vitori Health is a comprehensive next-generation health plan solution that focuses on lowering costs and increasing value through evidence-driven design, payment integrity controls, improved member value, and guaranteed results.
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