‘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 […]

Pivot to Chronic-Disease Management Presents ‘Enormous’ Upside for Amazon Care

Amazon’s (NYSE: AMZN) in-home care platform — Amazon Care — is currently designed to coordinate care for employees and their family members. In the not-too-distant future, however, it may be more generally used for chronic-disease management. That’s according to Michael Abrams, managing partner of the global health care consultancy Numerof & Associates. Abrams has been […]

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 […]

[Updated] Appriss Acquisition Reportedly Values Care Collaboration Company PatientPing at $500M

Care collaboration software platform PatientPing has been acquired. Boston-based PatientPing provides a wide range of services, including real-time notifications when patients receive care, COVID-19-monitoring tools and other solutions. The software company works with health care organizations across the continuum of care, from hospitals and health systems to post-acute care providers. Citing “people familiar with the […]

Amazon Reveals National Expansion Plans for In-Home Care Platform ‘Amazon Care’

For years, health care experts have watched Amazon (Nasdaq: AMZN) steadily wade deeper and deeper into home-based care waters. It appears the Seattle-based technology powerhouse is finally diving in — and making a big splash. On Wednesday, Amazon announced it is expanding Amazon Care — its on-demand health care service — across the U.S. Plans […]

LLR Partners Backs Health Recovery Solutions in Series C

Health Recovery Solutions (HRS) — the telehealth and remote patient monitoring (RPM) solutions company that specializes in the home setting — has raised additional capital as part of its Series C round. The Series C was led by LLR Partners, with previous investor Edison Partners also participating. HRS did not disclose its fundraising total for […]

74% of Referral Sources Prefer Home-Based Care Providers That Meet Interoperability Standards

When it comes to interoperability, 74% of referral sources say they would send more referrals to post-acute care providers — including home-based care agencies — that offer greater electronic data access. In general, referral sources are more likely to switch to a home-based care provider that meets their standards for interoperability. That’s according to a […]

Tomorrow Health, Geisinger Health Plan Team Up to Improve Home-Based Care

Tomorrow Health — a relatively new startup seeking to become an Amazon-like service for home health providers — has partnered with Geisinger Health Plan (GHP). The goal of the partnership: to give patients better access to home durable medical equipment (DME) and supplies. Back by venture capital giant Andreessen Horowitz, Tomorrow Health and its digital […]

Thanks to Home Care Providers, Telehealth Is Turning into a $250B Industry

Telehealth vendors experienced a major business boom last year due to the COVID-19 pandemic. Many believe the increased demand will stick around in 2021, too, driven by a need to constantly monitor vulnerable populations in the home setting. Synzi — a St. Petersburg, Florida-based company that provides virtual visit and messaging tools via its telehealth […]

HME Companies Grapple with Sudden Supply-Demand Swings of COVID-19

The public health emergency has resulted in higher demand for home medical equipment (HME). Several factors are contributing to the trend, including the rise of hospital-at-home programs, the diversion of patients away from skilled nursing facilities (SNFs) and individuals generally voicing a preference for home-based care. As an industry, HME is fairly diverse when it […]