What You Should Know:
– Tomorrow Health, the leading patient-first platform for home healthcare, announced it has closed a $25 million Series A round of funding led by Andreessen Horowitz with participation from Obvious Ventures and BoxGroup. The company recently announced a partnership with Geisinger Health Plan (GHP) to provide more than half a million patients with access to curated home durable medical equipment (DME) and supplies.
– Founded in 2018, Tomorrow Health streamlines the cumbersome process of obtaining medical equipment and supplies by providing next-generation technology, logistics and personalized service to enhance coordination and approvals among payors, physicians and suppliers. The breadth of the platform, providing hundreds of thousands of products representing over 3,000 Medicare billing codes in partnership with a range of suppliers, ensures that patients’ DME needs are fulfilled accurately and efficiently, resulting in a 92% patient CSAT.
– The company will utilize the new capital to hire additional talent and expand its infrastructure technology to seamlessly connect every patient with home-based care. Tomorrow Health is currently accepting new DME suppliers onto its platform and collaborating with providers and health insurers to enable easy and reliable home-based care.
Platform Brings Efficiency to $75B Durable Medical Equipment Market
With one in four aging people using durable medical equipment (DME) and 10 percent of COVID-19 patients experiencing ongoing symptoms, spending on DME is expected to reach more than $75B by 2021 in the United States. Tomorrow Health enables patients to get the equipment and supplies they require at home in a streamlined manner with accuracy, speed, and exceptional service.
Partnering with payors, referring providers, and DME suppliers, Tomorrow Health provides a data-driven intelligence platform to match patients with high-quality DME suppliers based on insurance coverage, service quality, geography, and product specialization. Its dedicated team of Care Advocates offer support throughout the process, ensuring equipment and supplies are delivered when and where they are needed, with high-quality service and product transparency and education guaranteed every step of the way.