VillageMD is a leading provider of healthcare for organizations moving toward a primary care-led, high-value clinical model.
The VillageMD solution provides the tools, technology, operations, and staffing support needed for physicians to drive the highest quality clinical results across a population.
VillageMD was founded in 2014 by Tim Barry, Clive Fields, & Paul Martino. The company is headquartered in Chicago, Illinois, with an office in Houston, Texas.
VillageMD works with physician groups, independent practice associations, and health systems to improve quality, deliver a first-rate patient experience, and lower costs in the communities they serve.
VillageMD, through its subsidiary, Village Medical, is a national provider of value-based primary care services. It partners with physicians to provide the tools, technology, operations, staffing support and industry relationships to deliver clinical care and better patient outcomes, while reducing the total cost of care.
VillageMD and Village Medical have grown to include more than 2,800 physicians across nine markets, are responsible for approximately 600,000 lives and manage USD 4 billion in total medical spend in value-based contracts.
VillageMD is backed by Walgreens Boots Alliance, Kinnevik, Oak HC/FT, Town Hall Ventures, Adams Street Partners, Athyrium Capital Management and others. The company raised $275M in equity financing on Jul 08, 2020. This brings VillageMD's total funding to $491M to date.
VillageMD has also forged a partnership with Walgreens, WBA will in total invest USD 1bn into VillageMD over the next three years to finance a deepened partnership with the company. The company will open 500 to 700 full-service primary care clinics co-located with Walgreens stores in more than 30 US markets over the next five years, with the intent to build several hundred more clinics and enter up to 20 more US markets over time. The clinics will be staffed by more than 3,600 primary care providers, who will be recruited by VillageMD.