Accompany Well being, a hybrid care supplier for low-income sufferers with advanced wants, introduced its launch with $56 million in Collection A funding from Venrock, ARCH Enterprise Companions, IVP, Evidenced and Granite Capital Administration.
WHAT IT DOES
The Bethesda-based firm gives low-income sufferers 24/7 in-home and digital care providers, together with main care and pressing care, psychological well being providers, and social care.
It supplies rides to medical appointments, helps people apply for advantages and authorities packages like Medicaid and SNAP, and assists with acquiring wholesome meals.
The corporate additionally helps with well being teaching, superior care planning and care coordination, corresponding to help with long-term care assist providers and grownup daycare packages.
“We all know that low-income sufferers with advanced wants have essentially the most critical gaps in care and drive an enormous share of healthcare prices, however innovators haven’t centered sufficient on them,” Dr. Bob Kocher, a founder and board member of Accompany Well being and accomplice at Venrock, stated in a press release.
“Accompany Well being has assembled a world-class staff with a deep dedication to serving these most in want and with the expertise with expertise and care supply to get it completed.”
MARKET SNAPSHOT
Different hybrid care suppliers have garnered large investments to scale their choices.
Earlier this month, Harbor Well being, a Texas-based main care clinic group that gives digital and in-person care, introduced it scored $95.5 million in funding, led by Common Catalyst, with participation from Alta Companions and 8VC.
Final yr, Carbon Well being secured $100 million in Collection D funding from CVS Well being Ventures. Carbon gives digital and in-person pressing and first care, digital psychological healthcare and diabetes care, in-person COVID-19 testing, and work-related healthcare for office accidents.
The corporate introduced it secured the Collection D funding simply days after revealing it laid off greater than 200 workers.