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 know-how platform, and fund strategic development initiatives to fulfill the rising want of in-home excessive acuity care
DENVER, Nov. 23, 2022 /PRNewswire/ — DispatchHealth, the nation’s first complete in-home, excessive acuity medical care supplier, as we speak 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 buyers Adams Road Companions, Blue Defend of California, amongst others, and continued help from current buyers 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 million, with as much as an extra $75 million obtainable for development initiatives, bringing the full raised to greater than $400 million.
In the USA, $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 amenities, 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 enhancing medical outcomes and affected person and supplier satisfaction.
“For the previous seven years, we now have been constructing a complete ecosystem of excessive acuity care within the house,” mentioned 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 crew members have created at DispatchHealth and the assumption our companions have in our modern care mannequin.”
At this time, DispatchHealth supplies excessive acuity care to complicated sufferers throughout 34 states and has developed modern relationships with well being plans, supplier teams, well being techniques, employers, senior residing amenities, 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 top acuity care within the house. The proprietary know-how platform makes use of real-time information insights to handle all facets of the in-home care expertise, together with logistics, onboarding, threat stratification, care coordination and analytics that elevate the medical apply and drive improved outcomes.
DispatchHealth will use the financing to:
- Increase its confirmed in-home excessive acuity care ecosystem in current markets and key growth markets;
- Speed up its know-how 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 enhancing 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 crew as they proceed to broaden their attain of excessive acuity, in-home care to serve sufferers with complicated care wants throughout the nation,” mentioned Laura Veroneau, Managing Accomplice at Optum Ventures.
“DispatchHealth’s complete and distinctive ecosystem of in-home care is compelling. Adams Road is thrilled to help DispatchHealth as they broaden their system of care, significantly their excessive acuity hospitalization substitution mannequin. We consider DispatchHealth is positioned to catalyze essential and obligatory advances within the healthcare business,” mentioned Tom Bremner, a Accomplice at Adams Road Companions.
DispatchHealth brings the facility of the hospital to the consolation of the house. DispatchHealth is constructing the main in-home system of care and affords on-demand acute care and a sophisticated stage of medical take care of folks of all ages within the consolation of their very own houses. DispatchHealth’s emergency drugs and inside drugs skilled medical groups are geared up with all of the instruments essential to deal with frequent to complicated accidents and diseases. DispatchHealth works intently with payers, suppliers, well being techniques, EMS, employer teams and others to ship care within the house to cut back pointless emergency room visits, hospital stays and readmissions. Acute Care medical groups can be found seven days per week, evenings and holidays and might be requested on-line or by way of a fast cellphone name. DispatchHealth is partnered with most main insurance coverage firms. For extra data, go to DispatchHealth.com.
About Optum Ventures
Optum Ventures is the unbiased enterprise fund of UnitedHealth Group. Optum Ventures invests in digital well being firms that use information and insights to assist enhance shoppers’ entry to healthcare companies and the way care is delivered and paid for, and that make the well being care system extra dependable and simpler to navigate. For extra data, go to www.optumventures.com.
About Adams Road Companions
Adams Road Companions is a worldwide personal markets funding supervisor with investments in additional than thirty nations throughout 5 continents. The agency is 100% employee-owned and has $50 billion in belongings beneath 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, Singapore, and Tokyo. Go to www.adamsstreetpartners.com.