startup

Looking to ‘Rethink Work,’ Post-Acute Care Startup Element5 Raises $15M

Health care investors have pumped hundreds of millions of dollars into the post-acute and senior care spaces over the past several months. The latest example is Element5, which closed a $15 million Series A round on Tuesday. Founded in late 2019, not long before the initial COVID-19 surge, Element5 helps home health agencies and other …

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Home Instead Deal Creates Huge Upside for Honor, But Franchisee Buy-In Could Be Hard to Obtain

Honor captured most of the headlines last week when the San Francisco-based company announced it had acquired Home Instead Inc., the international home care franchiser founded by Paul and Lori Hogan more than 25 years ago. Even as somebody who follows both Honor and the home care franchising world closely, this deal caught me off …

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After losing his sister to cancer, a former Apple exec wants to make it easier for patients to get their health records

Anil Sethi was the director of health records at Apple until his sister was diagnosed with metastatic breast cancer, and given weeks to live. After traveling with her to different doctors across the country, and helping carry her records, Sethi created his own company to pull together harder-to-find records, such as scans and pathology reports. 

Insurers back kidney care startup Cricket in $83.5M round

Cigna Ventures and Blue Shield of California contributed to a funding round for Cricket Health, a startup that provides services to help patients identify chronic kidney disease and get support in treatment. The investment was led by Valtruis, a firm that invests in value-based care companies.

‘Social Determinants of Aging’ Startup Exits Stealth with $6M in Funding, Magellan Health’s Support

A new senior care startup has come out of stealth, armed with millions of dollars in seed funding and backing from a major population health provider. The startup is DUOS, a New York-based company that enables aging in place by deploying expert care coordinators — “Duos” — into the homes of older adults. It unveiled …

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With Home-Based Care Support, DailyPay Secures $500M in Capital

DailyPay, a company that provides on-demand payment solutions for employees and employers, has secured $500 million in capital. That, in some part, is thanks to home-based care providers buying into the method. The New York-based company recently announced it raised $175 million in a Series D equity round, led by Carrick Capital Partners along with …

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Two new biotechs unveil $112M combined for antibody drug conjugates for cancer

The list of FDA-approved antibody drug conjugates (ADC) is growing, and two more biotech startups have emerged from stealth with new cash and new approaches to this type of cancer drug. Adcendo and Adcentrx raised a combined $112 from their Series A financings.

Tech-Enabled Benefits Manager CareCar Raises $3M, Sets Sights on Home Care

As the breadth and depth of what Medicare Advantage (MA) plans can offer has grown, the actual management of supplemental benefits has gotten more complex. That includes the coordination of in-home care benefits, transportation services and more. In response to the more complicated landscape, more and more startups are popping up that help health plans …

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Votive Health Raises $2.5M to Help Home-Based Care Providers Make Value-Based Arrangements

Votive Health — a technology startup that facilitates payer-provider integration — formally announced its launch and first funding round on Wednesday. The company raked in $2.5 million in a round led by Flare Capital Partners, with Chrysalis Ventures and OCA Ventures as co-investors. San Luis Obispo, California-based Votive Health is a technology-enabled network manager that …

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Current Health Raises $43M: ‘We’re the Glue Enabling Safer Health Care at Home’

Current Health — a remote patient monitoring platform that has increasingly turned its attention toward the home — has raised $43 million in Series B funding. The company announced the news on Thursday. Boston-based Current Health’s technology platform measures a patient’s vital signs in real time, allowing clinicians to provide enhanced virtual care for patients …

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‘We’re Essentially Moving Toward Value-Based Care’: Companionship Startup Papa Raises $60M

Within the past year, in-home companionship startup Papa has set up shop in all 50 states, launched a new virtual health offering and expanded its relationships with payer partners. Papa is in the spotlight once again, with its latest announcement being a $60 million Series C funding round led by Tiger Global Management. The Miami-based …

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‘Homecareist’ Vesta Raises $65M to Support Pop Health Programs, Risk-Based Contracts

Home-focused digital health platform Vesta Healthcare announced Tuesday it has raised an additional $65 million in growth capital. The New York City-based Vesta is a clinical provider and technology services organization that connects caregiver insights to the rest of an individual’s care team. As part of its business model, the company partners with home care …

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Report: Bright Health eyes $1B IPO

Insurance startup Bright Health is reportedly planning to raise up to $1 billion in an IPO that will be launched in the second quarter of 2021. The company, which provides several insurance products as well as an IT platform, could be valued at more than $10 billion, Bloomberg reported.

Ro Lands $500M to Beef Up Vertically Integrated Primary Care Platform

Health care technology company Ro has secured $500 million in Series D funding. The Series D round was led by existing investors General Catalyst, FirstMark Capital and TQ Ventures. Existing investors SignalFire, Torch Capital and BoxGroup also participated in the round. New investors included Altimeter Capital, Baupost Group, Dragoneer Investment Group, ShawSpring Partners, Radcliff and …

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DispatchHealth Raises $200M to Expand In-Home Medical Care Model

With a new round of financing secured, in-home medical care company DispatchHealth is gearing up for another major expansion push. The Denver, Colorado-based company announced Wednesday that it has raised an additional $200 million in Series D, bringing its overall fundraising total to more than $417 million since launching in 2013. DispatchHealth’s latest funding comes …

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‘Care Traffic Control’ Platform Dina Raises $7M

Dina — the Chicago-based AI-powered platform that helps bridge the gap between health systems, payers and in-home care providers — is setting its sights on expansion. It now has additional resources to accomplish that goal, too. The company announced Monday that it has raised $7 million in Series A funding, with the round led by …

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Turnover, Tiny Homes and New Technology: 2021 Predictions from 14 Home Care Executives

The U.S. home care industry is at an inflection point. Prior to the COVID-19 pandemic, an increasing number of payers and health care providers began to recognize the value of non-medical home care, particularly when it comes to chronic disease management and preventative care. That recognition has grown even stronger in 2020, with home care …

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Led by Uber Health Veteran Dan Trigub, MedArrive Launches with $4.5M in Funding

Dan Trigub — the recent head of Uber Health and a former member of Lyft’s health care arm — has always been passionate about home care.  Before joining Uber (NYSE: UBER), Trigub owned his own startup focused on the aging population. For the past 15 or so years, his family has even operated one of …

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Honor Raises $140M to Fuel National Expansion

Honor — the technology-enabled home care startup that partners with independent agencies through the Honor Care Network — is gearing up for a major expansion. Those expansion plans are built around a substantial infusion of new capital, too. The San Francisco-based Honor announced Tuesday it has raised $140 million in Series D funding, led by …

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