Duet, a US-based healthcare technology company operating a network of nurse practitioner (NP)-owned primary care clinics, has raised $15 million in Series A funding to expand its healthcare network and strengthen its AI-powered technology platform.
The funding round was led by Kairos, with participation from Lerer Hippeau. The latest investment brings Duet’s total funding to $22.5 million.
The company will use the new capital to bring more independent nurse practitioner-owned clinics into its network, expand partnerships with health insurance providers, and grow its engineering team to develop automation tools.
Duet also announced plans to launch the first-ever nurse practitioner-led Medicare Accountable Care Organization (ACO) in 2027. The initiative aims to give independent NP-owned practices greater access to Medicare’s shared savings programs.
“Nurse practitioners already deliver a big share of primary care, and their patients trust them,” said Jonathan Goldberg, Founder and CEO of Duet. “But more than 100 million Americans still lack access to primary care and too many preventable problems go unaddressed. So NPs are launching their own clinics to reach more people who are overlooked by the system. Duet helps them build enduring practices that keep patients first and return care to the community. They’re going from being a workforce to being owners and we’re proud to support that.”
Using AI to Support Primary Care Practices
Duet helps nurse practitioners manage the administrative and operational challenges of running independent healthcare practices.
Its AI-powered platform identifies patients who have missed appointments or fallen out of regular care and helps bring them back into the healthcare system. It also highlights important patient health concerns before appointments and automates tasks such as billing, credentialing, and insurance contracting.
The company also works with insurers to develop value-based care contracts, allowing nurse practitioners to earn additional revenue based on patient outcomes and the quality of care they provide.
“Duet is one of those rare businesses where everybody wins,” said Alex Fiance, Co-Founder and Co-CEO at Kairos. “It reaches patients in need, helps clinicians become business owners, and brings costs down for the payers and the U.S. government by catching problems early. We believe Duet has the potential to reshape care across the country in a highly scalable way and are excited to help fuel their growth.”
Improving Patient Outcomes and Clinic Performance
According to Duet, its network handles approximately 400,000 patient visits annually and has achieved a patient Net Promoter Score of 92.
Practices joining the network have reported a 30% increase in preventive screenings for conditions such as breast and colon cancer, along with a 20% reduction in emergency room visits.
The company also reports that 25% of patients who had previously fallen out of regular care returned to treatment through its platform.
Financially, nurse practitioners participating in Duet’s alternative payment contracts have generated 25% to 50% more revenue by meeting quality and cost targets.
In New Hampshire, one of its key markets, Duet’s network reportedly achieved a 19% lower total cost of care compared with peers.
Partnerships With Major Health Insurers
Duet works with major insurance companies, including Anthem, Cigna, Centene, and Molina. These partnerships allow independent nurse practitioner-owned clinics to access value-based care contracts that would be difficult for smaller practices to secure individually.
The company also takes on financial risk under several of these agreements, covering approximately $100 million in total patient healthcare spending.
Launching a Nurse Practitioner-Led Medicare ACO
One of Duet’s major upcoming initiatives is the planned launch of its nurse practitioner-led Medicare Accountable Care Organization in 2027.
An ACO brings healthcare providers together to improve patient outcomes and reduce unnecessary healthcare costs. Providers can share in the savings generated through better and more efficient care.
Duet’s planned model will be designed and governed by nurse practitioners, allowing independent clinic owners to maintain control of their practices while receiving technology, operational support, and access to Medicare savings programs.
Founded to address the primary care shortage in the United States, Duet currently supports more than 130 clinics across 21 states and serves approximately 150,000 patients, including people in rural and underserved communities.
