Dwelling care firm HarmonyCares raises $200 million

Dwelling care firm HarmonyCares raises $200 million

Dwelling well being care firm HarmonyCares — previously often called US Medical Administration — has raised $200 million. The funding spherical was led by Common Catalyst, McKesson Ventures and a “main nationwide payer.”

K2 HealthVentures and different present traders – together with Rubicon Founders, Valtruis, HLM Capital and Oak HC/FT – additionally participated within the spherical.

HarmonyCares will use the funds to develop into further geographic areas and develop new know-how to “drive medical outcomes and affected person satisfaction at scale.” The Troy, Mich.-based firm already operates in 15 states and serves greater than 70,000 sufferers via Medicare Benefit (MA) plans and Medicare Accountable Care Group (ACO) packages.

It supplies major care at house, in addition to house well being care, hospice care, palliative care, radiology and laboratory companies. The physician-led care groups embrace nurses, social staff, pharmacists and 24/7 on-call assist.

“There may be an pressing must develop entry to longitudinal care, particularly as many sufferers within the U.S. already wrestle to get the care they want,” HarmonyCares CEO Matthew Likelihood stated in a press release. “This newest funding permits us to double down on our dedication to increasing entry to value-based look after sufferers with complicated medical and social wants who typically have restricted entry to care, sources, and even household close by.”

Common Catalyst has invested in plenty of healthcare establishments over time, together with Homeward Well being, one other supplier of home-based major care.

“Healthcare right now lacks a platform at scale that may comprehensively ship companies to our most complicated sufferers within the consolation of their very own house,” Chris Bischoff, Managing Director of Common Catalyst, stated in a press release. “HarmonyCares is effectively on its solution to actively managing our most susceptible sufferers in an financial mannequin that aligns incentives. We’re excited to welcome Matt and the broader HarmonyCares workforce to our Well being Assurance ecosystem.”

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