Accompany Well being, a startup serving low-income sufferers with complicated wishes, introduced Tuesday with $56 million in Sequence A investment.
The Bethesda, Maryland-based corporate gives number one and behavioral maintain underserved sufferers. It additionally supplies social care, reminiscent of meals, housing and transportation help. Sufferers acquire get admission to to a complete care staff that features a network well being employee, a complicated observe clinician, a nurse practitioner, a health care provider, a psychiatrist, a social employee and a pharmacist. The care staff visits with sufferers of their houses, in addition to practically.
“A very powerful factor is that we identify a deeper courting of consider with our sufferers and supply them very good care,” stated Dr. Rahul Rajkumar, CEO and founding father of Accompany Well being, in an interview. “And we will be able to serve them in the easiest way imaginable to try this. So after we first serve a affected person, we begin out in the house. … We offer home-based care that also is virtually-enabled. Numerous paintings and help can also be delivered practically, but if we wish to, we see the sufferers without delay of their houses.”
Accompany Well being is recently simply working in Detroit, serving 8,000 sufferers with a significant nationwide well being plan. On the other hand, Rajkumar declined to call the well being plan. The startup has a value-based association with the well being plan, through which it follows measures like high quality, price, well being screenings and medicine adherence. Rajkumar stated he hopes to convey Accompany Well being’s services and products to different markets within the U.S. over the following yr.
The $56 million Sequence A investment spherical integrated participation from Venrock, ARCH Challenge Companions, IVP, Granite Capital Control and Evidenced. In overall, Accompany Well being has raised about $63 million, consistent with Rajkumar.
Venrock selected to spend money on Accompany Well being as a result of its focal point on underserved populations.
“We all know that low-income sufferers with complicated wishes have probably the most critical gaps in care and power an enormous proportion of well being care prices, however innovators haven’t targeted sufficient on them,” stated Dr. Bob Kocher, a founder and board member of Accompany Well being and a spouse at Venrock, in a remark. “Accompany Well being has assembled a world-class staff with a deep determination to serving the ones maximum in want — and with the revel in with era and care supply to get it finished.”
The financing will give a boost to the startup in hiring and coaching extra suppliers and construction era this is supposed “for the precise goal of serving a low-income inhabitants,” Rajkumar stated.
He added that the release and financing talk to greater developments in healthcare of accelerating acceleration towards value-based care and extra targeted consideration on taking good care of medically complicated and underserved populations.
Accompany Well being isn’t the one corporate concerned with underserved populations. Pair Group is a value-based number one care corporate that serves Medicaid sufferers and companions with native community-based organizations for care navigation and well being advocacy give a boost to. On the other hand, the 2 firms are working in several markets recently, with Pair Group serving sufferers in California. Different value-based number one care firms supporting Medicaid sufferers come with Aledade and ApolloMed.
Photograph: undefined undefined, Getty Photographs
