By JESSICA DaMASSA, WTF HEALTH
Simply FIVE MONTHS after launch, rural well being startup Homeward is proving its potential for progress with MORE funding – at this time asserting its $50 million Collection B (that’s $70 million complete for the oldsters holding rating at dwelling) – AND an enormous 30,000-patient partnership with Precedence Well being. Co-founder & CEO Dr. Jennifer Schneider is right here to breakdown each bits of stories and provides us some context about what they point out in regards to the rural healthcare market.
There are a pair shocking details on this one which add as much as why buyers like ARCH Enterprise Companions and Human Capital (co-leads), Normal Catalyst (which led the Collection A), and Lee Shapiro and Glen Tullman (outdated buddies and former Livongo colleagues who went in on this with private funds exterior of their fund 7wireVentures) had been excited to leap into a fast Collection B.
Stunning Reality 1: 90% of all rural Medicare beneficiaries are lined by simply 7 payers, which makes the Precedence Well being deal an even bigger deal than even that huge 30K affected person inhabitants may point out.
Stunning Reality 2: Homeward’s market of rural People is definitely TWICE as giant because the diabetes market that spurred the funding and progress of Livongo.
For all the maths, the small print on how the enterprise really works 5 months in, and the way Homeward is definitely going to market as a ‘healthcare infrastructure’ supplier slightly than only a next-gen medical group, you’re going to have to present this one a watch!