• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to secondary sidebar
  • Skip to footer

  • Opinion
  • Health IT
    • Behavioral Health
    • Care Coordination
    • EMR/EHR
    • Interoperability
    • Patient Engagement
    • Population Health Management
    • Revenue Cycle Management
    • Social Determinants of Health
  • Digital Health
    • AI
    • Blockchain
    • Precision Medicine
    • Telehealth
    • Wearables
  • Startups
  • M&A
  • Value-based Care
    • Accountable Care (ACOs)
    • Medicare Advantage
  • Life Sciences
  • Research

Medically Home Group Nabs $10M for Scalable, Virtual Hospital Platform

by Fred Pennic 05/28/2019 Leave a Comment

  • LinkedIn
  • Twitter
  • Facebook
  • Email
  • Print

Medically Home Group Nabs $10M for Scalable, Virtual Hospital Platform

Medically Home Group, Inc., a Boston, MA-based technology-enabled services company has raised $10 million in Series B funding led by Cardinal Health and other investors. This strategic investment for Medically Home from Cardinal Health and other investors illustrates the rapid movement in the market for innovative value-based models. The company plans to use the latest round of funding to support scaling efforts and to realize a common vision of enabling cost-effective, patient-centric care.

Medically Home’s Model For High Acuity Patients In A Home Setting

Founded in 2017, Medically Home is the first scalable, virtual hospital that allows medical providers to safely shift acute medical care from hospitals to patients’ homes. The model changes, not just how we pay for healthcare, but how the care is delivered by:

– Increasing virtual capacity for hospitals without increasing fixed costs that are already a difficult burden (representing 65% of their revenues).

– Driving quality up, costs down.

– Lengthening the episode of care from the typical 4.5 days to 30 days to ensure clinically-stable patient endpoints at discharge, with no transitions/hand-offs during the episode of care

– Cutting costs by 30% of a typical-length hospital stay.

– Mobilizing services to the home that are typically centralized in a hospital, such as X-rays, catheters, lab tests, etc.

– Providing more human contact between patients and physicians with technology-enabled care – not less. Constant monitoring and on-demand access to your physician is something that traditional healthcare models cannot provide but it is inherent in the Medically Home model.

– Improving patient outcomes; research shows falls, risk of infection, problems sleeping, and cognitive decline all improve while being treated in the home.

– Treating patients in the comfort of their own homes, surrounded by family and pets.

Medically Home Program Eligibility

Healthcare providers are increasingly turning to Medically Home’s clinically-validated program, to deliver an improved patient experience for:

– high and medium acuity patients with common medical diagnoses (CHF, COPD, pneumonia, etc.)

– Selected elective post-surgical cases, currently requiring hospitalization (e.g. orthopedics, urology, and ENT)

– Oncology Patients

Why It Matters

“The Virtual Hospital is the next step in the evolution of our health care system. Many at-risk and at-capacity providers of care are looking for alternative care delivery sites to reduce unsustainable infrastructure costs,” said Richard Rakowski, Chief Executive Officer of Medically Home Group. “Our model has been successfully treating patients for two years and the time to scale has come. Tailwinds are growing for our Medically Home program because the market is demanding creative, high quality, cost-effective solutions. More and more providers are embracing strategies to enable virtual capacity, that can substitute for its traditional inpatient settings.”

  • LinkedIn
  • Twitter
  • Facebook
  • Email
  • Print

Tagged With: Cardinal Health, COPD, Episode of Care, Oncology, Patient Experience, physicians, pneumonia, risk, urology, Virtual Care, Virtual Care Platform

Tap Native

Get in-depth healthcare technology analysis and commentary delivered straight to your email weekly

Reader Interactions

Primary Sidebar

Subscribe to HIT Consultant

Latest insightful articles delivered straight to your inbox weekly.

Submit a Tip or Pitch

Featured Insights

2025 EMR Software Pricing Guide

2025 EMR Software Pricing Guide

Featured Interview

Kinetik CEO Sufian Chowdhury on Fighting NEMT Fraud & Waste

Most-Read

Blue Cross Blue Shield of Massachusetts Launches "CloseKnit" Virtual-First Primary Care Option

Blue Cross Blue Shield of Massachusetts Launches “CloseKnit” Virtual-First Primary Care Option

Osteoboost Launches First FDA-Cleared Prescription Wearable Nationwide to Combat Low Bone Density

Osteoboost Launches First FDA-Cleared Prescription Wearable Nationwide to Combat Low Bone Density

2019 MedTech Breakthrough Award Category Winners Announced

MedTech Breakthrough Announces 2025 MedTech Breakthrough Award Winners

WeightWatchers Files for Bankruptcy to Eliminate $1.15B in Debt

WeightWatchers Files for Bankruptcy to Eliminate $1.15B in Debt

KLAS: Epic Dominates 2024 EHR Market Share Amid Focus on Vendor Partnership; Oracle Health Sees Losses Despite Tech Advances

KLAS: Epic Dominates 2024 EHR Market Share Amid Focus on Vendor Partnership; Oracle Health Sees Losses Despite Tech Advances

'Cranky Index' Reveals EHR Alert Frustration Peaks Midweek, Highest Among Admin Staff

‘Cranky Index’ Reveals EHR Alert Frustration Peaks Midweek, Highest Among Admin Staff

Madison Dearborn Partners to Acquire Significant Stake in NextGen Healthcare

Madison Dearborn Partners to Acquire Significant Stake in NextGen Healthcare

Wandercraft Begins Clinical Trials for Physical AI-Powered Personal Exoskeleton

Wandercraft Begins Clinical Trials for Physical AI-Powered Personal Exoskeleton

Chipiron Secures $17M to Transform MRI Access with Portable Scanner

Chipiron Secures $17M to Transform MRI Access with Portable Scanner

Abbott to Integrate FreeStyle Libre Glucose Data with Epic EHR

Abbott to Integrate FreeStyle Libre Glucose Data with Epic EHR

Secondary Sidebar

Footer

Company

  • About Us
  • Advertise with Us
  • Reprints and Permissions
  • Submit An Op-Ed
  • Contact
  • Subscribe

Editorial Coverage

  • Opinion
  • Health IT
    • Care Coordination
    • EMR/EHR
    • Interoperability
    • Population Health Management
    • Revenue Cycle Management
  • Digital Health
    • Artificial Intelligence
    • Blockchain Tech
    • Precision Medicine
    • Telehealth
    • Wearables
  • Startups
  • Value-Based Care
    • Accountable Care
    • Medicare Advantage

Connect

Subscribe to HIT Consultant Media

Latest insightful articles delivered straight to your inbox weekly

Copyright © 2025. HIT Consultant Media. All Rights Reserved. Privacy Policy |