Optum Ventures leads the fairness financing spherical to additional speed up DispatchHealth’s main in-home, technology-enabled system of care
Financing will assist DispatchHealth scale its hospital various care mannequin, advance innovation of its expertise platform, and fund strategic development initiatives to satisfy the rising want of in-home excessive acuity care
DENVER, Nov 23, 2022 /PRNewswire/ — DispatchHealththe nation’s first complete in-home, excessive acuity medical care supplier, in the present day introduced it has raised greater than $330 million in mixed fairness and debt financing. The fairness spherical of $259 million was led by Optum Ventures, with participation from new traders Adams Road Companions, Blue Protect of California, amongst others, and continued help from current traders Humana, Echo Well being Ventures, Questa Capital and Oak HC/FT. K2 HealthVentures, Silicon Valley Financial institution and SVB Capital supplied debt financing of $75 millionwith as much as an extra $75 million out there for development initiatives, bringing the entire raised to greater than $400 million.
In United States, $4 trillion is spent on healthcare yearly and it’s projected to exceed $6 trillion by 2028. With greater than a 3rd of this spend on care delivered in conventional brick-and-mortar services, the healthcare business has reached a watershed second. DispatchHealth’s in-home, excessive acuity care mannequin aligns well being plans, well being techniques, at-risk supplier teams and sufferers with complicated care wants by delivering a value-based various to high-cost settings such because the emergency room, hospital ward or expert nursing facility, decreasing medical prices whereas bettering medical outcomes and affected person and supplier satisfaction.
“For the previous seven years, we’ve got been constructing a complete ecosystem of excessive acuity care within the dwelling,” stated Dr. Mark Prather, Co-Founder and CEO of DispatchHealth. “Our confirmed strategy to delivering healthcare to complicated sufferers of their houses will proceed to rework healthcare. This spherical of funding is a testomony to what we and our passionate staff members have created at DispatchHealth and the idea our companions have in our modern care mannequin.”
As we speak, DispatchHealth gives excessive acuity care to complicated sufferers throughout 34 states and has developed progressive relationships with well being plans, supplier teams, well being techniques, employers, senior dwelling services, and residential well being organizations to ship a greater, extra coordinated healthcare expertise. DispatchHealth can also be one of many largest and most skilled suppliers of Superior Care, a hospital various, and Prolonged Care, a talented nursing facility various. To coordinate the complicated ecosystem of in-home care, DispatchHealth has created an working system for prime acuity care within the dwelling. The proprietary expertise platform makes use of real-time information insights to handle all facets of the in-home care expertise, together with logistics, onboarding, danger stratification, care coordination and analytics that elevate medical follow and drive improved outcomes.
DispatchHealth will use the financing to:
- Develop its confirmed in-home excessive acuity care ecosystem in current markets and key growth markets;
- Speed up its expertise platform improvement to ship constant and scalable patient-centric care; and,
- Strategically develop its portfolio of in-home system of care and final mile care capabilities.
“DispatchHealth is reworking the healthcare business by bettering entry to outcomes-driven, high-quality, in-home care and delivering on the improved expertise sufferers deserve. Optum Ventures is honored to deepen our relationship with DispatchHealth and its skilled management staff as they proceed to develop their attain of excessive acuity, in-home care to serve sufferers with complicated care wants throughout the nation,” stated Laura VeroneauManaging Companion at Optum Ventures.
“DispatchHealth’s complete and distinctive ecosystem of in-home care is compelling. Adams Road is thrilled to help DispatchHealth as they develop their system of care, significantly their excessive acuity hospitalization substitution mannequin. We consider DispatchHealth is positioned to catalyze necessary and mandatory advances within the healthcare business,” stated Tom Bremnera Companion at Adams Road Companions.
DispatchHealth brings the ability of the hospital to the consolation of the house. DispatchHealth is constructing the main in-home system of care and presents on-demand acute care and a sophisticated degree of medical look after individuals of all ages within the consolation of their very own houses. DispatchHealth’s emergency drugs and inner drugs skilled medical groups are outfitted with all of the instruments essential to deal with widespread to complicated accidents and diseases. DispatchHealth works intently with payers, suppliers, well being techniques, EMS, employer teams and others to ship care within the dwelling to scale back pointless emergency room visits, hospital stays and readmissions. Acute Care medical groups can be found seven days every week, evenings and holidays and will be requested on-line or through a fast cellphone name. DispatchHealth is partnered with most main insurance coverage corporations. For extra data, go to DispatchHealth.com.
About Optum Ventures
Optum Ventures is the impartial enterprise fund of UnitedHealth Group. Optum Ventures invests in digital well being corporations that use information and insights to assist enhance shoppers’ entry to healthcare providers and the way care is delivered and paid for, and that make the healthcare system extra dependable and simpler to navigate. For extra data, go to www.optumventures.com.
About Adams Road Companions
Adams Road Companions is a world personal markets funding supervisor with investments in additional than thirty international locations throughout 5 continents. The agency is 100% employee-owned and has $50 billion in property underneath administration. Adams Road strives to generate actionable funding insights throughout market cycles by drawing on 50 years of personal markets expertise, proprietary intelligence, and trusted relationships. Adams Road has places of work in Austin, Beijing, Boston, Chicago, london, Menlo Park, Munich, New York, seoul, singaporeand Tokyo. Go to www.adamsstreetpartners.com.