Medically Home Raises $4 Million, Partners with Atrius
A new company that aims to bring hospital care into the home setting has raised $4 million in an investment round.
Medically Home Group, a health care technology and service company based in Westport, Connecticut, has partnered with Atrius Health and its subsidiary VNA Care, and raised $4 million in a series A funding. Medically Home Group aims to help patients recover from illness at home by deploying clinicians, technology, equipment, medication and supplies to the homes of acutely ill patients.
]Atrius Health is a nonprofit health care group with a network of more than 740,000 adult and pediatric patients in eastern and central Massachusetts. The provider has has 36 medical practices and 900 physicians that work together with the home health and hospice services of its VNA Care subsidiary.
The funding round was led by a large health benefits company and an additional $2 million was raised with participation from other investors, including Connecticut Innovations.
Medically Home plans to use the funds to expand its scalable clinical program, according to a press release.
“Healthcare delivery is trying to catch up to Amazon, Uber and other sectors of our economy that have validated a consumer-driven value proposition,” Richard Rakowski, CEO of Medically Home Group, said in a statement. “We believe the time is right for us to shift our focus and innovation from what care we deliver to where and how we deliver it.”
Written by Amy Baxter