“DispatchHealth is transforming the healthcare industry by improving access to outcomes-driven, high-quality, in-home care and delivering on the enhanced experience patients deserve. Strategically grow its portfolio of in-home system of care and last mile care capabilities.Accelerate its technology platform development to deliver consistent and scalable patient-centric care and,.Expand its proven in-home high acuity care ecosystem in existing markets and key expansion markets.The proprietary technology platform uses real-time data insights to manage all aspects of the in-home care experience, including logistics, onboarding, risk stratification, care coordination and analytics that elevate the clinical practice and drive improved outcomes.ĭispatchHealth will use the financing to: To coordinate the complex ecosystem of in-home care, DispatchHealth has created an operating system for high acuity care in the home. DispatchHealth is also one of the largest and most experienced providers of Advanced Care, a hospital alternative, and Extended Care, a skilled nursing facility alternative. Today, DispatchHealth provides high acuity care to complex patients across 34 states and has developed innovative relationships with health plans, provider groups, health systems, employers, senior living facilities, and home health organizations to deliver a better, more coordinated healthcare experience. This round of funding is a testament to what we and our passionate team members have created at DispatchHealth and the belief our partners have in our leading-edge care model.” “Our proven approach to delivering healthcare to complex patients in their homes will continue to transform healthcare. Mark Prather, Co-Founder and CEO of DispatchHealth. “For the past seven years, we have been building a comprehensive ecosystem of high acuity care in the home,” said Dr. DispatchHealth’s in-home, high acuity care model aligns health plans, health systems, at-risk provider groups and patients with complex care needs by delivering a value-based alternative to high-cost settings such as the emergency room, hospital ward or skilled nursing facility, reducing medical costs while improving clinical outcomes and patient and provider satisfaction. With more than a third of this spend on care delivered in traditional brick-and-mortar facilities, the healthcare industry has reached a watershed moment. In the United States, $4 trillion is spent on healthcare annually and it is projected to exceed $6 trillion by 2028. K2 HealthVentures, Silicon Valley Bank and SVB Capital provided debt financing of $75 million, with up to an additional $75 million available for growth initiatives, bringing the total raised to more than $400 million. The equity round of $259 million was led by Optum Ventures, with participation from new investors Adams Street Partners, Blue Shield of California, among others, and continued support from existing investors Humana, Echo Health Ventures, Questa Capital and Oak HC/FT. 23, 2022 /PRNewswire/ - DispatchHealth, the nation’s first comprehensive in-home, high acuity medical care provider, today announced it has raised more than $330 million in combined equity and debt financing. Optum Ventures leads the equity financing round to further accelerate DispatchHealth’s leading in-home, technology-enabled system of careįinancing will help DispatchHealth scale its hospital alternative care model, advance innovation of its technology platform, and fund strategic growth initiatives to meet the growing need of in-home high acuity careĭENVER, Nov.
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