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Emerging Washington State Health Care Model Secures $7.5 Million in Venture Capital
Date:7/7/2009

SEATTLE, July 7 /PRNewswire/ -- Qliance Medical Management Inc., which operates insurance-free direct primary care clinics -- also known as "direct medical homes" -- in Washington State, today announced it has closed a $4 million funding round from three institutional venture capital firms, led by Second Avenue Partners with participation by New Atlantic Ventures and Clear Fir Partners, bringing its total capital raised to approximately $7.5 million. The company plans to use the proceeds to add new clinics for its medical practice partner, Qliance Medical Group of Washington PC., operating under the Qliance(R) brand.

"We see the Qliance direct primary care model as an important transformational option to health care reform that is easily scalable for other communities across the U.S.," said Nick Hanauer, managing partner of Second Avenue Partners, based in Seattle. "Their innovative health care model reduces costs dramatically for individuals and businesses while delivering exceptional care and access for patients."

In lieu of insurance and co-pays, Qliance patients pay monthly membership fees covering all direct care, ranging between $39 and $79, depending on their age. In exchange, Qliance patients get unrestricted primary and preventive care for everyday things like vaccinations, checkups, pneumonia, minor fractures, routine women's health exams, and ongoing care for chronic illnesses such as diabetes, hypertension or obesity. Hospital in-patient rounds can also be included for a slightly higher monthly membership fee. Other benefits of Qliance direct primary care include:

  • No limits for pre-existing conditions
  • Unhurried 30- to 60-minute office visits
  • Same- or next-day appointments for urgent care needs
  • Open 7 days per week, with 24 hour cell phone and email access to a physician
  • On-site x-ray, laboratory and "firs
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SOURCE Qliance Medical Management Inc.
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