In-home, value-based longitudinal main care supplier HarmonyCares introduced it secured $200 million in a funding spherical led by Normal Catalyst, a big nationwide payor and McKesson Ventures.
K2 HealthVentures and current buyers Valtruis, Rubicon Founders, Oak HC/FT and HLM Capital additionally participated within the spherical.
WHAT IT DOES
HarmonyCares is a physician-led, value-based main care supplier that treats older adults with severe well being situations of their properties.
Its workforce consists of greater than 175 main care suppliers in addition to pharmacists, social staff and nurse case managers. The corporate additionally provides 24/7 on-call affected person assist and companions with Medicare ACO applications and Medicare Benefit plans.
The corporate will use the funds to scale its attain geographically and advance its expertise choices.
“Healthcare right this moment lacks a platform at scale that comprehensively delivers companies to our most advanced sufferers within the comfort of their dwelling,” Chris Bischoff, managing director at Normal Catalyst, mentioned in an announcement.
“HarmonyCares is nicely on this journey and actively manages our most susceptible sufferers in an financial mannequin the place incentives are aligned. We’re excited to welcome Matt and the broader HarmonyCares workforce to our Well being Assurance ecosystem.”
MARKET SNAPSHOT
Michigan-based HarmonyCares was based in 1993 as U.S. Medical Administration LLC (USMM), a house-call doctor follow.
In 2021, managed care firm Centene, a majority stakeholder in USMM, introduced it signed a definitive settlement to promote its majority stake to HLM Enterprise Companions, Rubicon Founders, Oak HC/FT, and Valtruis, a WCAS firm.
A yr later, USMM grew to become HarmonyCares in a enormous rebranding marketing campaign and joined the Facilities for Medicare and Medicaid Providers (CMS) Innovation Middle ACO REACH program to give attention to offering value-based take care of sufferers.
Different firms centered on offering in-home care companies to sufferers embody Denver-based DispatchHealth, home-based most cancers care platform Reimagine Care and California-based digital care firm Included Well being.
