Global concierge health benefit World Class Health has raised $10 million in funding, which it will use to expand its global Centers of Excellence network, the company shared with MedCity News exclusively.
New York City-based World Class Health supports self-funded employers and provides access to a global network of the top 1% of providers. The network spans North America, Latin America, Europe, Africa, the Middle East, India and Asia. It includes access to specialties like musculoskeletal, cancer, fertility and others. The network’s prices are usually at Medicare level or lower.
The $10 million raise was led by Transformation Capital. It comes six months after the company secured $8 million in seed funding led by AlleyCorp, bringing its total funding to $18 million.
With the financing, the company will invest in improving the patient experience, advancing its technology and attracting top talent, according to Sid Nambiar, co-founder and CEO of World Class Health.
World Class Health addresses a major pain point for employers: rising healthcare costs, according to Jared Kesselheim, MD, managing partner at Transformation Capital. In fact, a recent report from RAND showed that private health plans paid hospitals about 254% of what Medicare would have paid for the same services.
“U.S. healthcare costs remain unsustainable for both employers and consumers, with quality that’s often opaque and inconsistent,” Kesselheim said in a statement. “World Class Health has the potential to redefine the CoE model — by steering patients to top-tier providers across both domestic and international markets, it meaningfully lowers costs for both employers and consumers, while delivering a curated, high-quality care patient experience with guaranteed outcomes that employers can trust.”
World Class Health was developed for several key reasons, according to Nambiar. The first is that large global companies want a single consistent benefit that they can offer to their employees worldwide. In addition, many U.S.-based companies employ immigrants who may be interested in accessing care in their home country.
He gave a few examples of industries that could benefit from World Class Health.
“Within the U.S., roughly 50-60% of a tech company or finance company’s knowledge workers will be first-gen immigrants. … The second set are people in agribusiness and manufacturing, typically in the south, and these are folks of Hispanic origin,” he said in an interview at the Business Group on Health conference. “And here are these folks coming to the U.S., and they’re working in these jobs, and they’d rather be back home when they want to get care. Their immediate families might be back home.”
World Class Health, which was founded in 2024, currently serves about 10 employers. Nambiar hopes to double that in the next year. In addition, he expects the company to cover 1 million lives by the end of 2025.
And for at least one employer client, World Class Health is achieving results.
“More than 1,000 of our employees have engaged with the program, and over 20% of our workforce participates in the services offered each year,” said Kate Verbeck, director of Total Rewards at manufacturing company HSM Solutions, in an email. “In fact, many members of our senior leadership team have personally used the program—a powerful endorsement of the quality of care and service it provides. This engagement has driven over $20 million in savings for our company and nearly $3 million in out-of-pocket savings for our employees.”
There are several other companies that offer access to a Centers of Excellence network, including Carrum Health and Lantern. However, World Class Health differs by being global, according to Nambiar.
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