Cerebral, which raised $300 million at a $4.8 billion valuation in December, ran more than 30 ads over the past few weeks showing a young woman surrounded by food and overeating.
With Waymark Health, cofounders Rajaie Batniji and Sanjay Basu are banking that a combination of software and community-based care can help revolutionize the $600 billion Medicaid market and improve patients’ health.
The company, which raised $300 million at a $4.8 billion valuation this month, changed the status of more than 200 employees from salaried to hourly workers in August and made their health insurance contingent on quotas in 2022.