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Wayspring develops value-based care solutions specifically for individuals managing Substance Use Disorder (SUD) and Serious Mental Illness (SMI). The company integrates comprehensive wraparound recovery support services, actively addressing social determinants of health to achieve better outcomes for health plan members. Its platform provides actionable insights for care teams, facilitating improved member engagement and the delivery of person-centered care.
The company was originally founded as Axial Healthcare in 2012 by Kevin Kirkpatrick and Paul McCurry. Their foundational insight recognized the complex, holistic needs of individuals struggling with behavioral health challenges, particularly SUD, necessitating an integrated approach beyond traditional clinical settings. This vision evolved into the present model, with the company later rebranding as Wayspring.
Wayspring primarily partners with health plans, enabling them to offer specialized support for their members facing SUD and SMI. The company’s long-term vision is to advance the journey of recovery by empowering individuals to build healthier lives, fundamentally transforming how the healthcare system addresses and supports these vulnerable populations through a proactive, comprehensive care model.
Wayspring has raised $117.0M across 6 funding rounds.
Wayspring has raised $117.0M in total across 6 funding rounds.
# Wayspring: A Healthcare Organization, Not a Technology Company
Wayspring is not a technology company—it is a value-based care organization focused on treating substance use disorder (SUD) for health plan members.[1][2] The company provides medical, behavioral health, and social support services rather than building software or technology products as its primary business.
Wayspring operates as a healthcare delivery and care management entity that partners with health plans to serve individuals with substance use disorders across multiple states.[1] The organization's core mission is to advance SUD treatment by guiding members toward lasting recovery through comprehensive, whole-person care.
The company serves health plan members struggling with substance use disorder—a population that faces significant barriers to consistent, accessible treatment.[2] Wayspring addresses this by combining clinical services (delivered by physicians, advanced practice nurses, and licensed counselors) with social determinant support (housing, food assistance) and peer-based engagement.[2] This integrated approach aims to reduce healthcare waste, improve treatment adherence, and produce better health outcomes compared to fragmented care models.
Wayspring's competitive advantages include:
Wayspring operates within the value-based care movement, where providers and health plans shift from fee-for-service models to outcome-focused arrangements.[1][3] The company addresses a critical gap: substance use disorder treatment remains fragmented, inconsistent, and difficult to navigate for patients, while health plans and providers lack comprehensive data to optimize care delivery.[3]
The timing is significant. As healthcare systems increasingly adopt value-based payment models and prioritize whole-person care, organizations that can demonstrate improved outcomes while reducing costs gain competitive advantage. Wayspring's backing by CVS Health Ventures—a corporate venture fund focused on transforming care delivery and enabling whole-person care—signals institutional recognition of this trend.[1]
Wayspring is positioned to scale its proven SUD Home model across additional states while expanding its Network Solutions offering to help health plans optimize their behavioral health networks.[1][3] As value-based care adoption accelerates and payers demand better tools for managing complex populations, organizations that combine clinical expertise with data-driven network management will likely see increased demand.
The company's growth trajectory depends on expanding health plan partnerships, demonstrating measurable improvements in member outcomes and cost savings, and establishing Network Solutions as a standard tool for SUD and behavioral health network optimization.
Wayspring has raised $117.0M across 6 funding rounds. Most recently, it raised $75.0M Series D in September 2021.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Sep 1, 2021 | $75M Series D | — | Andreessen Horowitz, Bluecross Blueshield Venture Partners, F Prime Capital, General Catalyst, Kinnevik, OAK HC/FT, Sandbox Industries, Justin Mateen, Sahin Boydas | Announced |
| Feb 1, 2020 | $15M Series C | — | Andreessen Horowitz, Bluecross Blueshield Venture Partners, CVS Health, F Prime Capital, General Catalyst, Kinnevik, OAK HC/FT, Sandbox Industries, Justin Mateen, Sahin Boydas | Announced |
| Oct 1, 2016 | $17M Series B | — | Andreessen Horowitz, Bluecross Blueshield Venture Partners, F Prime Capital, General Catalyst, Kinnevik, OAK HC/FT, Sandbox Industries, Justin Mateen, Sahin Boydas | Announced |
| Jul 1, 2015 | $8M Series A | — | Bluecross Blueshield Venture Partners, Sandbox Industries | Announced |
| Sep 1, 2014 | $2M Series A | — | Bluecross Blueshield Venture Partners, Sandbox Industries | Announced |
| Sep 1, 2013 | $50K Seed | — | Bluecross Blueshield Venture Partners, Sandbox Industries | Announced |
Wayspring has raised $117.0M in total across 6 funding rounds.
Wayspring's investors include Andreessen Horowitz, BlueCross BlueShield Venture Partners, F-Prime Capital Partners, General Catalyst, Kinnevik, Oak HC/FT, Sandbox Industries, Justin Mateen, Sahin Boydas, CVS Health.