DispatchHealth, which offers in-home urgent care and hospital-at-home programs using a mobile app, secured an additional $200 million in Series D financing.
Tiger Global led the funding round with previous investors Alta Partners, Echo Health Ventures, Humana, Oak HC/FT, and Questa Capital.
This latest investment brings the company’s total funding to more than $417 million at a $1.7 billion valuation.
The company plans to use the latest funds to expand its platform for in-home medical care to new markets and expand its Advanced Care line of service in the United States.
DispatchHealth offers acute, extended, and advanced care services to treat simple to complex injuries and illnesses across the U.S.
Patients, care providers, payers, and health systems can coordinate DispatchHealth medical care via phone, mobile app, or website. For patients requiring acute care, a medical team arrives equipped with the necessary tools and treatments. The care team offers qualified patients a substitution for a hospital stay by providing an advanced level of care in the home. The medical team includes an internal medicine-trained physician with emergency room experience and a physician assistant or nurse practitioner. The company’s advanced care patients also receive 24/7 physician coverage with remote monitoring, an emergency call button, and daily visits from the company’s medical team, including bedside nursing.
The DispatchHealth mobile platform also enables the coordination of additional services, such as pharmacy and meal deliveries, physical and respiratory therapy, durable medical equipment access, and imaging services.
“We’ve created the most complete platform that solves all aspects of delivering health care to the home including clinical logistics, care coordination and the delivery of caring medical professionals, all while improving health outcomes and lowering costs,” said Dr. Mark Prather, CEO, and co-founder of DispatchHealth. “We anticipate the care continuum to continue to move into the home and we expect our platform to enable the movement of that $140 billion marketplace.”
Digital Health companies raised $14.8 billion in 2020, a 66% increase compared to $8.9 billion in 2019, according to Mercom’s latest funding report. Learn more