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Carrum Health aims to help companies provide cancer care and surgeries for workers at a lower cost.
The startup builds curated networks of doctors and surgeons who provide the care.
Carrum used this presentation to raise a $45 million Series B led by OMERS Growth Equity.
The cost of healthcare in the US keeps on climbing, and the quality doesn't seem to be getting any better.
Carrum Health CEO Sach Jain is working to tackle both problems.
Founded in 2014, Carrum is focused on helping companies provide better healthcare for their workers at a lower cost. Carrum does this by curating a network of surgeons that companies can send their workers to for common procedures like hip and knee replacements. More recently, the company has expanded into cancer care, which is one of the costliest areas of healthcare for employers.
To keep growing the business and fuel the push into oncology, Carrum raised $45 million in a Series B round led by OMERS Growth Equity, the San Francisco-based startup said late last month. The investment brings Carrum's total funding to $96 million.
"This is the right time for us to expand that offering and scale it rapidly," Jain told Insider. "So that is the major area of focus for this round."
Read on to see the 17-slide presentation the company used to raise its Series B round and pitch investors on its approach. The company edited the deck to remove some confidential information.
Carrum works with employers to provide better surgery and cancer-care options for their workers.
Carrum Health Series B Pitch Deck Slide 1
Carrum Health
The company says it offers a better approach than what's typical in US healthcare, where clinicians are paid for doing more procedures, not for the quality of care they provide.
Carrum Health Series B Pitch Deck Slide 2
Carrum Health
Carrum focuses on people who need surgeries that can be scheduled ahead of time, since this gives the company an opportunity to match patients with its network of clinicians.
Carrum Health Series B Pitch Deck Slide 3
Carrum Health
Carrum connects patients with top surgeons at a lower cost to their company. And the care comes with a warranty, so patients and their companies aren't on the hook for more costs if something goes wrong.
Carrum Health Series B Pitch Deck Slide 4
Carrum Health
For surgeries, all care within 30 days of the procedure is covered for one set price. For cancer care, the upfront payment covers two years of treatment.
Patients themselves typically don't pay anything out of pocket. Carrum says its approach also benefits doctors by helping them increase the number of procedures they perform and get paid quickly.
Carrum Health Series B Pitch Deck Slide 5
Carrum Health
A published study of Carrum's service found that it reduced costs and helped avoid unneeded procedures.
Carrum Health Series B Pitch Deck Slide 6
Carrum Health
The way that Carrum pays for healthcare, known as bundled payments, has become increasing popular in the US as a way to improve quality and lower costs.
Carrum Health Series B Pitch Deck Slide 7
Carrum Health
The company plans to expand its approach to more kinds of medical care over time. And the funding from the Series B round will help.
Carrum Health Series B Pitch Deck Slide 8
Carrum Health
Carrum has partnered with other healthcare companies to make it easier for more people to use its service and to add their offerings, such as virtual care and cancer screenings, for its clients.
Carrum Health Series B Pitch Deck Slide 9
Carrum Health
Carrum says employers spend $400 billion on surgeries and other complex care. Jain said his company is going after a market worth about $210 billion.
Carrum Health Series B Pitch Deck Slide 10
Carrum Health
Carrum is highlighting for investors why it's focused on cancer care, an area it entered starting in 2021.
Carrum Health Series B Pitch Deck Slide 11
Carrum Health
Among the cancers that Carrum provides care for are breast and thyroid cancer, as well as some blood cancers, a spokesperson said. The company is working to expand into more types of cancer.
Cancer care is complicated and costly, and Carrum argues that the quality could be improved.
Carrum Health Series B Pitch Deck Slide 12
Carrum Health
It's also among the most expensive health conditions that companies are dealing with.
Carrum Health Series B Pitch Deck Slide 13
Carrum Health
Carrum says that employers are interested in its approach of steering patients to top clinics, known as Centers of Excellence.
Carrum Health Series B Pitch Deck Slide 14
Carrum Health
Carrum's cancer-care product is more complicated than its approach to surgery, reflecting the complexity of treating that disease. The company partners with Memorial Sloan Kettering and AccessHope to offer cancer-care guidance.
Carrum Health Series B Pitch Deck Slide 15
Carrum Health
Jain helped start Carrum in 2014, and said he and his team plan to keep expanding the scope of the startup's product.
Carrum Health Series B Pitch Deck Slide 16
Carrum Health
US healthcare is getting more expensive and more people are seeking out care after putting it off during the height of the coronavirus pandemic, pressuring employers' budgets and creating demand for Carrum's product.
Carrum Health Series B Pitch Deck Slide 17
Carrum Health
