HarmonyCares, a value-based, home-based vertical major care supplier, introduced it has secured $200 million in a funding spherical led by giant nationwide payer Common Catalyst and McKesson Ventures.
K2 HealthVentures and current buyers Valtruis, Rubicon Founders, Oak HC/FT and HLM Capital additionally participated within the spherical.
what it could do
HarmonyCares is a physician-led, value-based major care supplier devoted to treating seniors with critical well being circumstances at house.
Its workforce consists of greater than 175 major care suppliers in addition to pharmacists, social staff and nursing case managers. The corporate additionally provides 24/7 on-call affected person assist and works with Medicare ACO plans and Medicare Benefit plans.
The corporate will use the funds to increase its geographic attain and advance its know-how choices.
“Right now’s healthcare lacks a platform at scale that may present complete companies to essentially the most complicated sufferers at house,” Chris Bischoff, managing director at Common Catalyst, stated in a press release.
“HarmonyCares is properly on its technique to proactively managing our most susceptible sufferers in an incentive-aligned financial mannequin. We’re happy to welcome Matt and the broader HarmonyCares workforce to our well being care ecosystem.”
market Overview
Headquartered in Michigan, HarmonyCares was based in 1993 as US Medical Administration LLC (USMM) as a home-based doctor apply.
Managed Care Corporations in 2021 Centene, the bulk shareholder in USMM, introduced the signing of a definitive settlement to promote its majority stake to HLM Enterprise Companions, Rubicon Founders, Oak HC/FT and WCAS firm Valtruis.
A 12 months later, USMM modified its title to HarmonyCares A large rebranding marketing campaign and participation within the Facilities for Medicare & Medicaid Providers (CMS) Innovation Heart ACO REACH program targeted on delivering value-based care to sufferers.
Different firms targeted on offering house care companies to sufferers embody Denver-based DispatchHealth, house most cancers care platform Reimagine Care and California-based digital care firm Included Well being.
