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Most cancers care firm Thyme Care garners $60M

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Worth-based most cancers care platform Thyme Care introduced it secured $60 million in Collection B funding co-led by Foresite Capital and City Corridor Ventures, bringing its whole increase to over $80 million. 

Present buyers Andreessen Horowitz BIO + Well being, Casdin Capital, Frist Cressey Ventures and AlleyCorp participated within the spherical. 

City Corridor Ventures’ cofounder and normal associate David Whelan will be a part of Thyme Care’s board of administrators, as will Elizabeth Canis, govt advisor at Foresite Capital.

WHAT THEY DO

Nashville-based Thyme Care collaborates with payers, employers and suppliers as a value-based care associate to supply companies to people residing with most cancers. 

The corporate’s tech-enabled care administration platform connects sufferers with a care staff made up of oncology nurses, useful resource specialists and nurse practitioners that connects them with care specialists, coordinates care with the affected person’s supplier, provides info on prognosis and helps them handle signs. 

Thyme Care additionally offers assets and help concerning behavioral well being, housing, transportation, palliative care and monetary help. 

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The Collection B funds can be used to develop its community of oncology companions nationally in addition to its most cancers care help choices. 

“The U.S. healthcare system is notoriously fragmented, leaving most cancers sufferers hanging within the steadiness. We put money into firms which can be altering the narrative by placing the affected person first and are shifting the trade towards value-based care. Major care and kidney care have paved the way in which for this transformation, and after extensively finding out the panorama, we firmly consider Thyme Care is the one firm with the experience and expertise to allow value-based most cancers care. We look ahead to serving to them speed up this mission,” David Whelan mentioned in a press release.

MARKET SNAPSHOT 

In June, Thyme Care was one of a number of firms that joined the White Home’s most cancers moonshot initiative CancerX, a public-private partnership to advance digital innovation in most cancers care. Thyme Care was a founding member, that means the corporate would assist set the initiative’s course. 

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Different firms addressing most cancers care utilizing digital means embrace home-based most cancers care startup Reimagine Care, distant monitoring and analytics firm Biofourmis and in-home care supplier DispatchHealth.

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