Cityblock
What they do
Cityblock partners with US health insurers and health systems in value-based care arrangements to manage the care for some of the most complex and underserved patient populations. The company delivers comprehensive, tech-enabled care that includes medical services, behavioral health support, and social services.
By reducing preventable emergency room visits and inpatient admissions, Cityblock improves patient outcomes while generating significant cost savings for both patients and insurers. Through its focus on accessible, whole-person care for Medicaid and dually eligible populations, Cityblock helps bridge critical gaps in healthcare access and drives meaningful improvements in community health.
Why Kinnevik invested in Cityblock
Cityblock meets a massive and growing healthcare need in the US with its scalable, community-based care model targeting vulnerable populations. With a vast and growing market of over 94 million eligible beneficiaries, we believe value-based care represents the future of American healthcare.
Led by CEO and co-founder Dr. Toyin Ajayi, Cityblock is uniquely positioned to drive transformational change. The company is delivering exceptional results:
- Since our initial investment, the company has expanded from a small startup to serving over 100,000 members across more than 10 states
- It has achieved significant cost reductions and improved patient outcomes through its innovative care model
To continue to create value, Cityblock focuses on:
- Expanding partnerships with national and regional health insurers and health systems
- Enhancing the tech-enabled care model with ongoing innovations in medical and behavioral health services
- Continuing to deepen penetration into established markets by extending service offerings to more members
Read more about Cityblock and the US healthcare system.
Key information
- Value-based healthcare provider for underserved urban populations, with a focus on Medicaid and Medicaid/Medicare dually eligible members
- Over USD 1bn in revenue 2024
- Serving over 100,000 members across more than 10 US states
- Partners with 4 of the top 5 national Medicaid health plans
- Targeting a market of over 94 million eligible individuals
News in the quarter
- Partnered with Ipsos on a nationwide survey to gather deeper, real-world insight into dually eligible beneficiaries’ healthcare experiences and challenges. The report found that for nearly two-thirds of the population, health is a day-to-day challenge
- CEO Toyin Ajayi was named to the Fierce 50 list, which recognizes leaders and organizations that are advancing the fields of health, science, and patient care
- Cityblock was recognized as one of the world’s top HealthTech companies by TIME
