Jaan Health Lands $25M to Expand AI-Powered Chronic Care Management for Millions

Jaan Health, a company known for its AI-powered proactive care platform called Phamily, has secured more than $25 million in funding to accelerate the transformation of care for millions of chronically ill patients. The round is topped by $15 million in non-dilutive growth capital from Level Structured Capital, an affiliate of Level Equity, a private investment firm with over $4.5 billion in assets under management. Founded by Nabeel Kaukab, Jaan Health addresses one of the biggest challenges in healthcare: the continuous management of chronic diseases, which cannot be effectively managed through periodic doctor visits alone. Over the past decade, the company has developed Phamily, a virtual care platform that leverages AI to enhance patient outcomes and provider profitability. The platform serves over 150 healthcare organizations, managing the needs of hundreds of thousands of patients with more than 250 different chronic conditions. Nabeel Kaukab, Founder and CEO of Jaan Health, commented, "Managing the ongoing needs of patients with chronic diseases is the number one challenge in healthcare. Phamily has already proven effective in improving care quality and reducing costs for over 150 healthcare organizations. The new funding will allow us to scale these benefits to millions more patients across the U.S., particularly in times of healthcare labor shortages and rising costs." Phamily is designed to facilitate high-quality, proactive care management at a population scale. It enables healthcare organizations to deliver personalized care using small teams and existing resources, significantly enhancing patient engagement and outcomes. The platform has a proven track record over multiple years, changing how physicians approach between-visit care. Barry Osherow, Partner at Level Structured Capital, praised Jaan Health’s achievements, noting, "Jaan Health stands out in a crowded health tech market for its proprietary data sets, operational strength, and capital efficiency. They’ve built a strong, successful business without institutional capital, and we’re excited to support their next phase of growth." This investment will help the company expand into new market segments, further penetrate health systems and integrated networks, and make key hires to support its rapid expansion. Bappa Mukherji, CEO of Java Medical Group, a rural hospital management company, highlighted the platform’s practical benefits, saying, "Phamily has enabled us to provide better care to thousands of patients who need it, with massive labor efficiency and fair compensation. It’s a key component of our patient care strategy, and I congratulate the Jaan Health team on this significant funding milestone." KeyBanc Capital Markets, led by Managing Director Sunil Abraham, provided advisory services for this funding round. The firm’s support underscores the strategic importance of Jaan Health’s innovative solution in the healthcare landscape. Jaan Health’s platform, Phamily, has revolutionized chronic disease management by ensuring that healthcare providers can offer high-touch, individualized care that is typically constrained by labor and cost limitations. The company aims to continue expanding its reach, improving the lives of patients with chronic diseases, and reducing the overall burden on the healthcare system and taxpayers. Level Equity, the investor behind this funding, focuses on providing capital to rapidly growing software and technology-enabled businesses. With over 125 investments since its inception, the firm brings a wealth of experience and financial acumen to help Jaan Health achieve its ambitious goals. Further details about the investment and the company can be found at phamily.com and levelequity.com. Industry insiders and healthcare leaders view Jaan Health’s Phamily platform as a transformative tool in chronic disease management, praising its ability to improve patient outcomes while addressing operational and financial challenges faced by healthcare providers. The funding aligns with the growing recognition of AI’s potential to revolutionize healthcare delivery, especially in underserved communities where resource constraints are most acute. Jaan Health’s innovative approach is expected to set new standards in patient care, making it a front-runner in the digital health space.