Duet raised $15 million in a Series A round led by Kairos, with participation from Lerer Hippeau. The company runs the largest U.S. network of nurse practitioner-owned primary care clinics. Its total funding now stands at $22.5 million.
Funding plans
The new capital will help Duet add more nurse practitioner-owned clinics to its network. It will also support deeper value-based care partnerships with insurers. The company plans to grow its engineering team and expand automation tools.
Network reach
Duet operates more than 130 clinics across 21 states. The network serves about 150,000 patients, often in rural and underserved communities. It handles roughly 400,000 patient visits each year.
Value-based contracts
Duet contracts with insurers including Anthem, Cigna, Centene, and Molina. These arrangements let small clinics join value-based contracts as a single network. Nurse practitioners in alternative contracts earned 25% to 50% more revenue by meeting quality and cost measures.
Duet plans to launch the first nurse practitioner-led Medicare Accountable Care Organization in 2027. That program would give independent practices access to Medicare shared savings. It would be designed and governed by nurse practitioners.