This pitch deck helped telehealth startup Heal raise $100 million and win a major partnership with healthcare giant Humana. Here's how the deal came to be.

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list/comparison: Full Risk: Heal delivers superlative care, CMS Stars and patient satisfaction at fixed MER. Value-based PCP Cap: Heal owns PCP relationship and risk—payer pays fixed costs. Gain-share around quality and

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The slide uses a three-column layout to contrast different financial arrangements.