Accompany Well being, a startup serving low-income sufferers with advanced wants, launched Tuesday with $56 million in Sequence A funding.
The Bethesda, Maryland-based firm presents main and behavioral look after underserved sufferers. It additionally gives social care, resembling meals, housing and transportation help. Sufferers achieve entry to a full care group that features a neighborhood well being employee, a complicated follow clinician, a nurse practitioner, a doctor, a psychiatrist, a social employee and a pharmacist. The care group visits with sufferers of their properties, in addition to nearly.
“An important factor is that we set up a deeper relationship of belief with our sufferers and supply them wonderful care,” mentioned Dr. Rahul Rajkumar, CEO and founding father of Accompany Well being, in an interview. “And we’ll serve them in one of the best ways potential to try this. So once we first serve a affected person, we begin out within the dwelling. … We offer home-based care that can also be virtually-enabled. A whole lot of work and help might be delivered nearly, however when we have to, we see the sufferers immediately of their properties.”
Accompany Well being is at the moment simply working in Detroit, serving 8,000 sufferers with a serious nationwide well being plan. Nonetheless, 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, value, well being screenings and drugs adherence. Rajkumar mentioned he hopes to deliver Accompany Well being’s providers to different markets within the U.S. over the following 12 months.
The $56 million Sequence A funding spherical included participation from Venrock, ARCH Enterprise Companions, IVP, Granite Capital Administration and Evidenced. In complete, Accompany Well being has raised about $63 million, in line with Rajkumar.
Venrock selected to put money into Accompany Well being due to its give attention to underserved populations.
“We all know that low-income sufferers with advanced wants have essentially the most severe gaps in care and drive an enormous share of well being care prices, however innovators haven’t targeted sufficient on them,” mentioned Dr. Bob Kocher, a founder and board member of Accompany Well being and a associate at Venrock, in an announcement. “Accompany Well being has assembled a world-class group with a deep dedication to serving these most in want — and with the expertise with expertise and care supply to get it executed.”
The financing will assist the startup in hiring and coaching extra suppliers and constructing expertise that’s meant “for the precise objective of serving a low-income inhabitants,” Rajkumar mentioned.
He added that the launch and financing communicate to bigger traits in healthcare of accelerating acceleration towards value-based care and extra targeted consideration on caring for medically advanced and underserved populations.
Accompany Well being isn’t the one firm targeted on underserved populations. Pair Crew is a value-based main care firm that serves Medicaid sufferers and companions with native community-based organizations for care navigation and well being advocacy assist. Nonetheless, the 2 corporations are working in several markets at the moment, with Pair Crew serving sufferers in California. Different value-based main care corporations supporting Medicaid sufferers embrace Aledade and ApolloMed.
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