Digital health and benefits management startup Transcarent has raised $200 million from investors including Northwell Health, Intermountain Healthcare and Rush University Medical Center, the company announced Tuesday.

Transcarent, a digital app for self-insured employers that connects employees with doctors 24/7 and second opinions, after the app raised $98 million in the year since its launch emission.

The latest round was led by Kinnevik and Human Capital and included Ally Bridge Group, General Catalyst, 7wire Ventures, Alta Partners, Merck Global Health Innovation Fund, Jove Equity Partners, Threshold Ventures and GreatPoint Ventures.

Transcarent is led by former Liongo CEO Glenn Turman, which was acquired by Teladoc in late 2020 for $18.5 billion.

The company plans to expand into new markets beyond employers and expand its team. The investments in three large health systems mark an endorsement of a shift in cost containment and pay-for-results. Transcarent’s business model is based in part on the savings it offers employers by finding more affordable care options.

“Northwell Health has long been committed to doing its part in advancing healthcare reform in our region, [and] That’s why we’re launching Northwell Direct to provide high-quality employer healthcare related to a new payment model,” said Michael Dowling, CEO of New York-based Northwell Health. “Today, we’re proud to partner with And investing in Transcarent is one way to accelerate our efforts at the national level. “

In 2019, Transcarent acquired BridgeHealth, a startup with a partner network of centers of excellence and ambulatory surgery centers, combined with pre-negotiated surgical packages. The company pays suppliers up front and lets employees see suppliers’ quality ratings and prices.It also has walmart to obtain low-cost medicines.