Honest Health has raised $140 million in new funding to expand its partnerships with health systems and providers adopting value-based care models. The investment was led by NewSpring Capital through its healthcare-focused strategy NewSpring Healthcare, with participation from K2 HealthVentures and existing backers including Rubicon Founders, Oak HC/FT, Welsh, Carson, Anderson & Stowe, and Durable Capital Partners.
Honest Health provides technology-enabled care coordination, operational guidance, and clinical insights designed to help healthcare organizations manage risk-based payment systems while improving patient outcomes and lowering costs. The company plans to use the capital to enter new markets and deepen collaborations with provider organizations, payers, and health systems.
Leadership said the financing reflects growing demand for infrastructure that helps providers adapt to changing reimbursement models. Mike Kaplan, NewSpring Partner and board member of Honest Health, stated, “Value-based care continues to reshape the healthcare landscape, creating significant demand for partners that can support execution at scale.”
The company is led by physician entrepreneur Rob Bessler, who previously founded Sound Physicians. Bessler emphasized the operational pressure facing providers, noting, “Health systems and providers face growing demands to improve outcomes and manage costs, accelerating the need for value-based care models anchored in strong clinical leadership.” Founded in 2021 by leaders at Rubicon Founders, Honest Health aims to strengthen care delivery through shared accountability and data-driven insights as healthcare organizations navigate increasingly complex risk environments.
