Higher Well being raises $14 million to succeed in extra sufferers with persistent situations
Higher Well being, a platform for sufferers with persistent situations, has secured $14 million in strategic financing that it’s going to use to increase to extra sufferers, the corporate introduced Thursday.
San Francisco-based Higher Well being helps sufferers with ostomy, persistent wounds, diabetes, persistent retention, incontinence and different situations. The platform presents peer teaching, schooling and residential supply of medical provides. Higher Well being operates in 48 states and has a community of greater than 150 well being plans and well being methods.
The $14 million in funding included investments from Healthwx, the College of Miami Well being System and Mosaic Basic Partnership. It comes after the corporate's $10 million Sequence A funding spherical, introduced in 2021. In whole, Higher Well being has raised $27.5 million.
Healthworx selected to put money into Higher Well being “to help their work towards higher entry and outcomes for sufferers coping with persistent situations, particularly those that depend on sturdy medical gear as a part of on a regular basis life,” mentioned Christopher George, funding supervisor at Healthworx, in a press release.
With the funding, Higher Well being will improve its healthcare options for payers and suppliers and increase into new product classes to help extra sufferers. It should additionally “discover the combination of AI to additional enhance the experiences of sufferers, payers and healthcare suppliers,” Naama Stauber Breckler, CEO and co-founder of Higher Well being, mentioned in an e-mail. As well as, the corporate needs to increase its community of companions, particularly with managed care organizations.
“Higher Well being's financing and enlargement plans align with the rising want for house care options, the combination of expertise into healthcare and the give attention to decreasing healthcare prices whereas bettering affected person outcomes,” mentioned Stauber Breckler.
The Facilities for Illness Management and Prevention experiences that 129 million individuals within the US have no less than one severe persistent illness, akin to coronary heart illness, most cancers, diabetes, weight problems or hypertension. In response to Stauber Breckler, individuals with persistent situations wrestle with isolation, a scarcity of schooling about their situations and insufficient entry to medical providers. These challenges can result in poor well being outcomes and costly hospital readmissions.
“Moreover, the burden of arranging insurance coverage and acquiring medical provides provides to their stress and monetary pressure,” Stauber Breckler added. “The established order for sufferers usually requires them to spend hours on the telephone and e-mail backwards and forwards each month to get their important merchandise. The Higher Well being mannequin is designed to assist remedy these points by offering ongoing help, customized teaching and easy accessibility to medical provides, guaranteeing sufferers obtain complete care and really feel much less remoted and extra supported all through their well being journey.”
Different corporations supporting sufferers with persistent situations embrace Omada Well being and HealthSnap.
Photograph: claudenakagawa, Getty Photos