This month DWP Capital Invested in software-as-a-service company Statera Software, based out of Boston, Massachusetts. Statera offers a way to provide visibility, transparency, and engagement to provide compensation for corporately owned medical groups. The round was a $2.5M seed extension that will be used to accelerate the sales pipeline and continue to build out the product.
Statera is riding the tailwinds of the rapidly consolidating primary care and multi-specialty practices within healthcare. There are approximately 1M doctors in the United States, and the number of employed physicians went from 40% in 2019 to 75% in 2022. These doctors have been traditionally compensated via partner-based distributions to now performance-based contracts. These contracts are complicated and are relied heavily on the outcome and quality measures. Therefore, even though the provider signed these compensation contracts, they need access to the leading indicators to know if they are performing their bonus in real time.
Calculating the compensation of these providers requires data from several silo systems within the health systems IT tech stack. In addition, it requires analysts hours of manual labor manipulating data in excel spreadsheets to come up with the provider’s compensation. This a time-consuming process that is subject to human error.
The Statera solution automates the data analysis and reporting needed to quickly calculate the provider compensation in real time to give simplistic reporting and analytics. Additionally, the software can forecast different compensation models for the practice to budget and plan effectively for the future.
The company is led by healthcare industry veteran Amy Jackson, who deeply empathizes with the pain point and problem set. She is a problem-focused CEO who is deeply determined to create a solution to reduce friction for all stakeholders. As the medical field continues to become consolidated into an enterprise, value-based care transition needs to start with engagement. There is no better way to engage than understanding and incentivizing one’s compensation.
