Accompany Well being launches with $56M to take care of low-income sufferers



Accompany Well being, a hybrid care supplier for low-income sufferers with advanced wants, introduced its launch with $56 million in Sequence A funding from Venrock, ARCH Enterprise Companions, IVP, Evidenced and Granite Capital Administration. 

WHAT IT DOES

The Bethesda-based firm presents low-income sufferers 24/7 in-home and digital care companies, together with major care and pressing care, psychological well being companies, and social care. 

It supplies rides to medical appointments, helps people apply for advantages and authorities packages like Medicaid and SNAP, and assists with acquiring wholesome meals.

The corporate additionally helps with well being teaching, superior care planning and care coordination, akin to help with long-term care assist companies and grownup daycare packages.

“We all know that low-income sufferers with advanced wants have essentially the most severe gaps in care and drive an enormous share of healthcare prices, however innovators haven’t centered sufficient on them,” Dr. Bob Kocher, a founder and board member of Accompany Well being and associate at Venrock, mentioned in a press release. 

“Accompany Well being has assembled a world-class crew with a deep dedication to serving these most in want and with the expertise with expertise and care supply to get it carried out.”

MARKET SNAPSHOT

Different hybrid care suppliers have garnered huge investments to scale their choices.  

Earlier this month, Harbor Health, a Texas-based major care clinic group that gives digital and in-person care, introduced it scored $95.5 million in funding, led by General Catalyst, with participation from Alta Companions and 8VC. 

Final 12 months, Carbon Health secured $100 million in Series D funding from CVS Well being Ventures. Carbon presents digital and in-person pressing and first care, digital psychological healthcare and diabetes care, in-person COVID-19 testing, and work-related healthcare for office accidents. 

The corporate introduced it secured the Sequence D funding simply days after revealing it laid off more than 200 employees.

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