[Original title, names, contact information, and locations have been redacted for client privacy]

[Written by Naheed Ali, MD, PhD] ****

Houston, TX, August 3, 2016 - Varnee Health Solutions is thrilled to announce that the company has successfully raised $6 million in Series A funding. Belo, a worldwide technology company and digital partner, and the New York-based MSO Solutions In Community Health, are among the investors.

"In the shift to population health management and risk-based payments, both payers and providers are facing a steep learning curve as well as an accelerated pace of change." "With this funding, we will be able to scale and deepen the value we provide to current and existing clients as they transform their organizations, technologies, and cultures to improve care, costs, and outcomes," said Mitch Klein, founder, and CEO of Varnee Health Solutions.

Varnee Health Solutions intends to use the funds to enhance the scalability of its Platform for Analytics in Risk Contracting, which is utilized by its Network Adequacy, Analytics and Build, Financial Modeling and Management, and Managed Services Organization (MSO) co-source services.

Concurrently, the company intends to expand the underlying technology platform for its rapidly expanding workforce development products and services, bringing rapid and highly adaptable solutions for retaining, recruiting, training, and growing medical assistants, care navigators, advanced practice providers, and other in-demand positions with national shortages.

Belo is partnering with Varnee Health Solutions on the ongoing development of the ARC platform and additional digital solutions in addition to its financial investment. "Our development efforts and investment with Varnee Health Solutions represent a once-in-a-lifetime opportunity to leverage our complementary strengths and expertise to create new solutions that advance interoperability, personalized health care, and value-based models," said Belo’s Executive Director and President, Global Markets, Sandy Laughter.

Varnee Health Solutions is a national company that sells tech-enabled products and services. It has a population health management analytics division called Analytics for Risk Contracting (ARC), which works with payer and provider clients to implement proven products that help them succeed in risk arrangements and build the workforce of the future. Our team of experts from many fields gives payers and providers the experience, skills, and resources they need to prepare for, design, implement, and support the development and execution of strategies. We are driven by our desire to help change the way healthcare is delivered, align financial incentives to promote population health management, and grow the workforce needed for value-based care.

The preceding is not an offer or sale of securities; the securities discussed have not been registered under the Securities Act of 1933 and may not be offered or sold in the United States unless registered or exempted from registration requirements.

Media Contacts:

[Client’s contact info redacted for privacy.]