Jenny Schneider on Homeward’s $50M Series B, 30K-Patient Partnership with Priority Health – The Health Care Blog

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Health and fitness Tech

By JESSICA DaMASSA, WTF Overall health

Just 5 MONTHS immediately after launch, rural well being startup Homeward is proving its possible for progress with Far more funding – right now announcing its $50 million Sequence B (that’s $70 million whole for the individuals holding rating at dwelling) – AND a large 30,000-affected person partnership with Precedence Wellness. Co-founder & CEO Dr. Jennifer Schneider is here to breakdown both of those bits of news and give us some context about what they show about the rural healthcare market.

There are a pair astonishing details in this one that increase up to why traders like ARCH Enterprise Partners and Human Cash (co-qualified prospects), Typical Catalyst (which led the Series A), and Lee Shapiro and Glen Tullman (old buddies and previous Livongo colleagues who went in on this with personal cash outdoors of their fund 7wireVentures) ended up energized to soar into a speedy Collection B.

Surprising Reality 1: 90% of all rural Medicare beneficiaries are covered by just 7 payers, which tends to make the Precedence Wellbeing offer a larger offer than even that massive 30K individual population may point out.

Shocking Truth 2: Homeward’s industry of rural People is actually 2 times as massive as the diabetes sector that spurred the investment and growth of Livongo.

For all the math, the facts on how the business enterprise truly is effective five months in, and how Homeward is basically likely to sector as a ‘healthcare infrastructure’ company instead than just a up coming-gen medical team, you’re going to have to give this one particular a look at!