Accompany Health, a hybrid care supplier for low-income sufferers with complicated wants, introduced its launch with $56 million in Series A funding from Venrock, ARCH Venture Partners, IVP, Evidenced and Granite Capital Management. 

WHAT IT DOES

The Bethesda-based firm presents low-income sufferers 24/7 in-home and digital care providers, together with main care and pressing care, psychological well being providers, and social care. 

It offers rides to medical appointments, helps people apply for advantages and authorities packages like Medicaid and SNAP, and assists with acquiring wholesome meals.

The firm additionally helps with well being teaching, superior care planning, and care coordination, corresponding to help with long-term care assist providers and grownup daycare packages.

“We know that low-income patients with complex needs have the most serious gaps in care and drive a huge percentage of healthcare costs, but innovators haven’t focused enough on them,” Dr. Bob Kocher, a founder and board member of Accompany Health and accomplice at Venrock, mentioned in a press release. 

“Accompany Health has assembled a world-class team with a deep dedication to serving those most in need and with the experience with technology and care delivery to get it done.”

MARKET SNAPSHOT

Other hybrid care suppliers have garnered large investments to scale their choices.  

Earlier this month, Harbor Health, a Texas-based main care clinic group that gives digital and in-person care, introduced it scored $95.5 million in funding, led by General Catalyst, with participation from Alta Partners and 8VC. 

Last 12 months, Carbon Health secured $100 million in Series D funding from CVS Health Ventures. Carbon presents digital and in-person pressing and first care, digital psychological healthcare and diabetes care, in-person COVID-19 testing, and work-related healthcare for office accidents. 

The firm introduced it secured the Series D funding simply days after revealing it laid off more than 200 employees.