Telehealth Company Ready Responders Raises $54 Million

Ready Responders (Ready), a provider of on-demand telehealth services, closed a $54 million Series C funding round to finance the expansion of its operations and clinical programs that bring medical care directly to patients in their homes.

Investors include GV (formerly Google Ventures), Deerfield Management Company, City Light Capital, Town Hall Ventures, and Frist Cressey Ventures.

The latest funding round comes less than a year after a $47.4 million funding round in November 2019 and brings the company’s total raised to date to over $100 million.

Ready offers on-demand telehealth health services for (Medicaid beneficiaries and patients dually eligible for Medicare and Medicaid) non-emergent medical care for patients in the home, continuity of care for patients discharged from an acute facility, and more longitudinal care for patients with complex or chronic conditions.

The company currently serves patients in New York, Los Angeles, Miami, Washington, D.C., Baltimore, Maryland, Reno, and Las Vegas, Nevada, and New Orleans, Baton Rouge, Shreveport, and Houma, Louisiana.

The Ready model is expected to include mental health, expanded point-of-care testing, vaccinations, and new approaches to improve care quality for patients and payor partners.

“Ready’s growth echoes the desire in communities across the country to receive quality healthcare from the comfort of their home,” said Justin Dangel, Ready’s Founder and CEO.

Justin Dangel added: “We’re able to deliver this unique healthcare experience thanks to our incredible team of professionals who have set a new standard for in-home care. With this financing, we can expand our service offerings, bring more quality care directly to more patients, and keep building a team of talented individuals who share our values and believe in our mission.”

Telehealth companies raised almost $2 billion in the first half of 2020, according to the Mercom latest report. Recently, OnCall Health, a virtual care provider, raised $6 million in a Series A funding round.

Image Credit: Ready Responders