New finance will speed platform development and network growth for vulnerable populations to offer low-cost in-home care across the country.
FREMONT, CA: Home health care encompasses a broad range of health care services that can be provided in the comfort of one’s own home in the event of an illness or injury. Home health care is frequently more affordable, convenient, and effective than treatment received in a hospital or skilled nursing facility (SNF). “Too many people who need medical attention are going untreated, and access to quality care within the home is critical for a sustainable, equitable health system,” says Dan Trigub, CEO and Co-founder of MedArrive. Medical services can now be delivered directly to patients' homes through MedArrive, a healthcare platform that received $25 million in Series A funding after a year of rapid expansion. MedArrive has more than doubled its workforce since its inception in December 2020, expanded into additional states, and facilitated tens of thousands of home visits. 7wireVentures and Leaps by Bayer and current backers Define Ventures, Kleiner Perkins, and Redesign Health rounded out the new investors. Using this fresh funding, MedArrives will develop its technology platform further and expand its network to fulfill the increasing need for low-cost home care.
“Our approach helps underserved populations overcome healthcare barriers by meeting them where they are and coordinating care with physicians they trust. By continuing to expand our reach, we are improving lives across the country and bringing greater humanity to healthcare,” adds Trigub.
Patients and healthcare providers can access a network of emergency medical technicians, paramedics, and other qualified healthcare professionals through MedArrive. As the epidemic spreads, more and more people are turning to virtual health care, and 40 percent of U.S. customers say they want to utilize telehealth in the future. MedArrive is bridging this gap by integrating physician-led telemedicine with the hands-on treatment provided in the patients' own homes.
MedArrive has worked with more than a dozen significant national and regional health insurance companies such as SCAN Health Plan and Clover Healthcare and ACOs and government agencies, including the Los Angeles Department of Health (LADOH). The company is currently performing house visits in California, Florida, New Jersey, North Carolina, and Texas due to these collaborations with other organizations.
The new funding will help MedArrive expand its network, double its team of industry professionals, and invest in its product and platform so that it may have the greatest possible effect on people's lives. Andy Harrison, Managing Partner at Section 32, and Alyssa Jaffee, Partner at 7wireVentures, will join MedArrives' Board of Directors as part of the funding.