Tomorrow Health Raises $ 25 Million Series A Funding to Deliver Integrated Home Health Care at Scale
NEW YORK, April 15, 2021 / PRNewswire / – Tomorrow Health, the leading patient-centric platform for home care, today announced the $ 25 million Series A fundraising round led by Andreessen Horowitz with participation from Obvious Ventures and BoxGroup. The company will use the new capital to hire additional talent and expand its infrastructure technology to seamlessly connect every patient to home care. In addition, the company announced Paul Mango, former Deputy Chief of Staff for Policy at HHS and Roy Beveridge, former chief medical officer of Humana, has joined its advisory board.
With one in four seniors using durable medical equipment (EMR) and 10% of COVID-19 patients showing persistent symptoms, spending on EMRs is expected to reach more than $ 75 billion by 2021 in United States. Tomorrow Health makes it easy for patients to get the equipment and supplies they need at home, with precision, speed and exceptional service. In partnership with payers, referral providers and EMR providers, Tomorrow Health provides a data-driven intelligence platform to match patients with high quality EMR providers based on insurance coverage, the quality of service, geography and product specialization. Its dedicated team of Care Advocates provide support throughout the process, ensuring equipment and supplies are delivered when and where they are needed, with high quality service, transparency and product education guaranteed at every step. of the process.
“We believe that the home should be the primary point of patient care, and we strive to provide patients with the right products, advice and support to make this a reality,” said Vijay Kedar, co-founder and CEO of Tomorrow Health. “One size does not fit all healthcare or medical equipment. From walkers and walkers after a fall, to oxygen concentrators and respiratory supplies for COPD and ongoing recovery from COVID-19, it is essential that patients are promptly provided with the right equipment for their conditions. We are committed to meeting the individual needs of each patient by partnering with the highest quality providers and removing the stress and complexity that has become synonymous with navigating home care. “
Tomorrow Health simplifies the tedious process of obtaining medical equipment and supplies by providing next-generation technology, logistics and personalized service to improve coordination and approvals between payers, physicians and providers. The breadth of the platform, which provides hundreds of thousands of products representing more than 3,000 Medicare billing codes in partnership with a range of providers, ensures that patients’ EMR needs are met accurately and efficiently, resulting in results in a CSAT of 92% of patients.
“The home healthcare space is still living in a dark age and is in desperate need of an upgrade. Tomorrow Health sets a new, patient-focused standard for how we improve the process,” said Julie yoo, General Partner at Andreessen Horowitz, who joins the company’s board of directors. “Their holistic solution tackles every fragmented step of home care and connects everything in one place. The platform’s critical technology infrastructure provides increased visibility and value to payers, provides operational efficiency tools for EMR providers, and saves time for providers and their staff. coordination so that they can focus on patient care. “
“From a population health perspective, there are few areas more important than the safe transition of patients to home care,” said Roy Beveridge, former chief medical officer of Humana. “During a critical and often stressful time for patients and caregivers, the patient-first mindset of the Tomorrow Health platform delivers an unprecedented level of care that supports patients and their families with their healthcare needs. home.
Since its public launch in April 2020, Tomorrow Health has partnered with more than 125 leading health plans and hospital systems as patient demand for home care continues to rise and the COVID-19 pandemic has left more people in the need support.
Tomorrow Health is currently accepting new EMR providers on its platform and working with providers and health insurers to enable simple and reliable home care.
To learn more about Tomorrow Health, visit www.tomorrowhealth.com. For inquiries from health insurers, providers or EMR providers, contact [email protected].
About Tomorrow Health
Tomorrow Health delivers exceptional healthcare to patients and their families where they want to be most: at home. By partnering with payers, referral suppliers and sustainable medical equipment (EMR) suppliers, Tomorrow Health streamlines the home care process to improve the patient experience. Its data-driven platform connects patients and their families with high-quality EMR providers, streamlines ordering and insurance processes, and offers tactile support every step of the way. Partnering with more than 125 leading healthcare plans and hospital systems in 29 states, Tomorrow Health is the United States’ trusted partner for high quality home care. Investors include Andreessen Horowitz, Obvious Ventures, BoxGroup and Rainfall Ventures, as well as current and former C-level executives from Humana, Tenet Healthcare, Flatiron Health, Quartet, PillPack, Stripe, Massachusetts Medicaid and the World Bank. For more information, visit www.tomorrowhealth.com or contact [email protected]
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SOURCE Health of tomorrow