MedArrive Raises $8 Million Investment to Bring More Care Into the Home

New funding led by Cobalt Ventures will support continued business growth and expansion of health plan relationships Mobile-integrated care management platform company, MedArrive, today announced $8 million in new funding led by Cobalt Ventures, a wholly owned subsidiary of Blue Cross and Blue Shield of Kansas City (Blue KC). The investment follows MedArrive’s $25 million series A round in November 2021 and brings the company’s total funding to $40.5 million to date. MedArrive supports both adult and pediatric populations, providing a white-labeled care management solution that powers care into the home – often for the hardest-to-reach, disengaged and most-vulnerable populations. It connects providers and payers with MedArrive’s field provider network of highly trained and skilled paramedics, EMTs, and other healthcare professionals. These field providers visit the homes of patients or members on behalf of their provider or health plan, providing a mix of in-home healthcare services, diagnostics, health assessments, post-acute care, and other preventive health measures – while also addressing social care needs like transportation, mobility, or nutrition assistance. When higher-acuity care is needed, field providers will connect people with physician-led telehealth services. The MedArrive platform also includes integrations with a growing ecosystem of specialized partners, which allows field providers to bring even more care services into the home such as vi...
Source: EMR and HIPAA - Category: Information Technology Authors: Tags: Health IT Company Healthcare IT At Home Care behavioral health Blue Cross and Blue Shield Blue Cross and Blue Shield of Kansas City Blue KC Bright Health Care Management Cobalt Ventures Dan Trigub David Eichler Health IT Funding Source Type: blogs