DispatchHealth Raises $ 200 Million in New Funding for Dwelling Well being Care Tech Information

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As individuals spend extra time at house attempting to cease the unfold of the coronavirus, telehealth and residential well being care are lastly disrupting common well being care. We wrote about TytoCare right this moment, a cellular well being platform that anybody can use to do self-exam and distant analysis.

DispatchHealth, based mostly in Denver, Colorado, is one other HealthTech startup constructing the world’s largest house care system to offer reliable and compassionate care to everybody. DispatchHealth supplies on-demand acute care and superior medical look after individuals of all ages from the consolation of their properties.

Yesterday, DispatchHealth introduced that it had closed a further $ 200 million in Sequence D funding, lower than a 12 months after closing a Sequence C spherical of $ 135.eight million. The spherical was led by Tiger International, with the rest of the spherical funded by earlier buyers reminiscent of Alta Companions, Echo Well being Ventures, Humana, Oak HC / FT and Questa Capital.

This newest funding brings the corporate’s whole funding to greater than $ 417 million and raises its valuation to $ 1.7 billion. DispatchHealth will use the funds to develop its house well being care platform to a complete of 100 markets and to make sure that Superior Care’s service providing is widespread in america.

Based in 2013 by Kevin Riddleberger and Mark Prather and previously often known as True North Well being Navigation. DispatchHealth presents cellular and digital healthcare for individuals of all ages from the consolation of their properties. It additionally helps cut back pointless emergency room visits and hospital stays, enhance medical outcomes, and decrease onerous prices for your complete healthcare system.

Since its inception, DispatchHealth has pioneered the supply of house care and, at its present charge of development, will obtain financial savings in medical prices of greater than $ 2 billion by 2023. The corporate has developed a platform that integrates a variety of house care providers that embody high-precision, on-demand care that replaces an avoidable emergency physician go to, 30-day episodes that exchange hospitalization, and a market to coordinate ancillary providers.

“We have now created essentially the most complete platform that solves all features of house well being care together with medical logistics, care coordination and the supply of healthcare professionals, whereas enhancing well being outcomes and lowering prices,” stated Dr. Mark Prather, CEO and Co-Founding father of DispatchHealth. “We assume that the care continuum will proceed to maneuver into the house, and we anticipate our platform to make this doable $ 140 billion Marketplaces. “

The corporate’s house care mannequin, the place payer, supplier and affected person are aligned, has confirmed extraordinarily essential through the COVID-19 pandemic. Over the previous 12 months, sufferers and healthcare programs have more and more sought methods to keep away from pointless publicity to the virus and obtain medical care at house. Past the pandemic, DispatchHealth will proceed to serve a wide range of companions together with well being programs, payers, delegated danger companies, emergency providers and employers’ organizations because it supplies handy, secure and reasonably priced medical care.



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