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Cityblock Health Stock (CIHE)
Healthcare Solutions Provider
Cityblock is a healthcare provider for communities with complex needs focusing on investing upstream in highly personalized, prevention-oriented health and social care that aims to drive down costs and improve outcomes. Its technology aims to enable scale by bringing together practical information, coordination, and communication for its members and care teams. During COVID-19, Cityblock created a model to help organizations determine which of their members are at high risk of COVID-19. The company was founded in 2017 and headquartered in Brooklyn, New York. Investors in Cityblock Health include Tiger Global Management, Goldman Sachs Asset Management, and Maverick Ventures.
About Cityblock Health Stock
Founded
2017
Headquarters
Brooklyn, NY, US
Total Funding
894M
Industries
Community and Lifestyle, Health Care
Cityblock is a healthcare provider for communities with complex needs focusing on investing upstream in personalized, prevention-oriented health and social care that aims to drive down costs and improve outcomes. Its technology aims to enable scale by bringing together practical information, coordination, and communication for its members and care teams.Â
The company was founded in 2017 and headquartered in Brooklyn, New York. Investors in Cityblock Health include Tiger Global Management, Goldman Sachs Asset Management, and Maverick Ventures.
Cityblock Health Press Mentions
Stay in the know about the latest news on Cityblock Health
Cityblock Health Unveils Third Annual Report Highlighting the Importance of Integrated Care to Address Complexities Faced by Dually Eligible Beneficiaries
prnewswire • Jan 14, 2025
New Study Shows Program for Patients With Severe Mental Health Conditions on Medicaid Led to 11.5% Decrease in Cost, Nearly 20% Decrease in Inpatient Utilization
prnewswire • Nov 20, 2024
New Study Shows Program for Patients With Severe Mental Health Conditions on Medicaid Led to 11.5% Decrease in Cost, Nearly 20% Decrease in Inpatient Utilization
morningstar • Nov 20, 2024
Cityblock Health Appoints Former UnitedHealth Group Executive, Michael Roaldi, as President
prnewswire • Oct 09, 2024
Cityblock expands footprint in North Carolina through Alliance Health partnership
fiercehealthcare • Aug 03, 2024
Investors in Cityblock Health
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Cityblock Health Management
Leadership team at Cityblock Health
Chief Executive Officer
Toyin Ajayi
Chief Financial Officer
Andrea Blankmeyer
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Cityblock Health Key Facts
- CityBlock Health provides care for dually eligible recipients of Medicare and Medicaid, a market segment that has increased almost 25% from 2016 to 2024. This number is expected to continue growing which presents a large market opportunity for CityBlock Health especially when value-based care is gaining traction as new policies are pushing the market toward integrated care.
- CityBlock claims its use of technology and data analytics is a key differentiator as the company declares itself as the only full-stack, integrated provider and technology platform that supports health plans in meeting the complex needs of dually eligible individuals. The platform provides an integrated care model that uses data to optimize care delivery, improve patient outcomes, and reduce costs. This personalized approach helps drive long-term value for patients and the healthcare system.
- CityBlock is committed to growth and has already experienced tremendous growth over the past few years in both existing and new markets as the company scaled its business to serve more than 100,000 members across seven states and partnered with three of the top five Medicaid health plans, according to one of its co-founders. The company also appointed a new President, Michael Roaldi, to build upon this momentum due to his experience in the Medicaid space which will be valuable for CityBlock in its next stage of growth and maturity.
- CityBlock Health has faced some profitability concerns in the past few years with the company laying off 155 employees or 12% of its workforce in 2023 as a restructuring initiative. In 2024 the company announced a goal of serving 100M members in 2030 which would require the company to scale its operations, technology, and care services. This will require heavy investment in infrastructure, technology, and care teams to provide high-touch services, which can be capital intensive. Given that CityBlock has not raised funding since 2021 and had previous profitability concerns, it could be a risky endeavor for the business.
- CityBlock Health serves a narrow target market which mainly consists of "folks who are most marginalized, the folks with the most complex needs...". The population that the company serves is not homogenous and therefore the company needs to provide a wide array of different types of care which include relationship building, chronic disease management, primary and preventive care in the home, and more. The business model is therefore complex and needs to be tailored to address the specific needs of the different communities the company serves which could stretch the company's' resources thin.
- CityBlock Health operates in a highly regulated industry and the company's business model relies on reimbursement policies from government programs like Medicaid and Medicare. Any changes in these policies, reimbursement rates, or eligibility could significantly impact the company’s financial performance. Further any healthcare regulations and policy changes can create a risky environment for the company to operate in.
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