Jenny Schneider on Homeward’s $50M Series B, 30K-Patient Partnership with Priority Health – The Health Care Blog
By JESSICA DaMASSA, WTF Health and fitness
Just Five MONTHS just after launch, rural health and fitness startup Homeward is proving its potential for expansion with More funding – nowadays asserting its $50 million Sequence B (that is $70 million whole for the folks holding score at house) – AND a enormous 30,000-individual partnership with Precedence Health. Co-founder & CEO Dr. Jennifer Schneider is here to breakdown equally bits of news and give us some context about what they show about the rural healthcare market.
There are a few shocking information in this one that add up to why investors like ARCH Enterprise Partners and Human Capital (co-potential customers), General Catalyst (which led the Collection A), and Lee Shapiro and Glen Tullman (aged buddies and former Livongo colleagues who went in on this with personalized funds outdoors of their fund 7wireVentures) ended up energized to bounce into a brief Sequence B.
Shocking Reality 1: 90% of all rural Medicare beneficiaries are coated by just 7 payers, which helps make the Priority Health offer a even bigger deal than even that massive 30K individual population may possibly reveal.
Stunning Actuality 2: Homeward’s current market of rural People is really Two times as big as the diabetic issues industry that spurred the expense and development of Livongo.
For all the math, the specifics on how the business really works 5 months in, and how Homeward is really going to market place as a ‘healthcare infrastructure’ supplier relatively than just a future-gen health-related group, you’re going to have to give this one particular a look at!