Hybrid-care Physical Therapy Platform Kins Announces $7.2M in Total Seed Funding to Accelerate Innovation in Care Delivery

Kins, a digital-first, hybrid care physical therapy practice, announced today $4 million in new seed funding, raising $7.2M to-date, as well as expansion into Massachusetts. Kins’ recent funding round was led by W Health Ventures, which invests in and scales early-stage healthcare companies that are reinventing care delivery. Other notable angels in the medical field also participated, joining existing shareholder Redesign Health. Kins will use this new financing to further develop the company’s hybrid model of in-home and virtual care delivery and expand into new markets. “At W Health we believe in transforming health care delivery – Kins is doing exactly that for the antiquated outpatient Physical Therapy industry,” said Dr. Pankaj Jethwani, Executive Vice President at W Health. “We’re impressed by the team, the mission and the results to date. As a health tech investor we look forward to the impact Kins will have in the years ahead.” Today’s $34 billion dollar outpatient physical therapy industry is inconvenient, outdated, and is burning out therapists. This clinic-centric experience contributes to a 70% drop out rate, a clinical outcomes improvement rate of only 15% per patient, and a therapist turnover rate as high as 40%. Kins was founded on the belief that a 1-on-1 patient-centric experience will flip these metrics for patients and therapists alike. “Our mission at Kins is simply to help people get back to doing what they love,” state...
Source: EMR and HIPAA - Category: Information Technology Authors: Tags: Health IT Company Healthcare IT Telemedicine and Remote Monitoring Dan Smith Dr. Pankaj Jethwani Health IT Funding Health IT Fundings Health IT Investment Kins Nadine Booysen Physical Therapy IT Redesign Health Telehealth Funding Source Type: blogs