Dwelling care supplier Accompany Well being raises $56 million
Accompany Well being – a brand new supplier of major, behavioral well being and social care within the house – has secured $56 million in Sequence A funding.
The Maryland-based firm now serves greater than 8,000 low-income sufferers within the Detroit space and goals to satisfy the complicated wants of those that usually face important obstacles to accessing high quality care.
“Most improvements in major care within the US haven’t met the wants of essentially the most medically underserved sufferers and lower-income Individuals,” Dr. Rahul Rajkumar, CEO and founding father of Accompany Well being, instructed Dwelling Well being Care Information. “We all know that they’ve very distinctive challenges of their well being care and that it takes a really excessive and intense quantity of effort to supply that care. To offer that care, you additionally want a wonderful staff. And that’s what we do.”
Accompany Well being provides digital care at house and 24/7 assist to its sufferers. It could possibly act as a major care supplier for the affected person, or can collaborate with current well being care suppliers.
The corporate deploys a staff of healthcare professionals – from house physicians and neighborhood well being employees to social employees and physicians – and supplies that care to individuals who may not in any other case obtain care.
The funding, Rajkumar mentioned, will allow Accompany to rent, prepare and develop its vendor workforce and staff members. It should additionally assist develop know-how to onboard a bigger staff as the corporate focuses on the Detroit space.
“Our know-how is constructed to serve an underserved inhabitants,” Rajkumar mentioned. “We’ve got devoted important sources to well being info exchanges in order that our suppliers know our sufferers and are armed with info once they go to them of their houses.”
Rajkumar likes to think about Accompany Well being as a “third-generation major care firm.” A number of of the leaders come from older corporations within the healthcare and insurance coverage area and convey that experience.
“Our staff comes from these locations and we’ve realized from the businesses and suppliers that got here earlier than us,” mentioned Rajkumar. “We realized concerning the care mannequin, tips on how to workers, tips on how to prepare and likewise tips on how to construct the know-how aspect correctly. That's what we're targeted on now: studying from all the businesses that got here earlier than us and constructing a third-generation model of this distinctive major care mannequin for an underserved inhabitants.”
For instance, Rajkumar himself was COO of Optum Care Options from 2020 to 2022. Board members Vivian Riefberg and Stephanie Lovell beforehand labored at Signify Well being and Blue Cross Blue Defend of Massachusetts.
The funding spherical was led by a bunch of traders together with Venrock, ARCH Enterprise Companions, IVP, Granite Capital Administration and Evidenced.