What You Should Know:
– Home care startup MedArrive raises $25M in Series A funding led by Section 32 to accelerate platform buildout, network expansion to bring affordable at-home care to vulnerable populations across the country.
– MedArrive enables healthcare payers and providers to seamlessly extend care services into the home, unlocking access to high-quality healthcare for more people at a fraction of the cost.
– Since its founding in December 2020, MedArrive has doubled the size of its team, expanded into new states and facilitated thousands of home visits. With 40% of U.S. consumers planning to use telehealth moving forward, MedArrive bridges the virtual care gap by combining physician-led telemedicine with hands-on care from the comfort and safety of the patient’s home.
MedArrive, an NYC-based healthcare platform that enables payers and providers to seamlessly extend medical services into the home, today announced $25 million in Series A funding led by Section 32 with participation from new investors, 7wireVentures and Leaps by Bayer, and existing investors Define Ventures, Kleiner Perkins, and Redesign Health. The new financing will advance MedArrive’s underlying technology platform and fuel expansion of its network to meet rising demand for affordable, in-home care.
In-Person, At Home, On-Demand
MedArrive connects payers and providers to a network of EMTs, paramedics and other skilled healthcare workers to extend care into the home. As the pandemic continues to accelerate the adoption of virtual health – with 40% of U.S. consumers planning to use telehealth moving forward – MedArrive is bridging the virtual care gap by combining physician-led telemedicine with hands-on care from the comfort and safety of the patient’s home.
Founded in partnership with Redesign Health, MedArrive’s healthcare logistics and services platform allow providers and payers to bridge the virtual care gap, integrating physician-led telemedicine with in-person care from EMS professionals, Nurses, Community Health Workers, Phlebotomists, and more. As a result, patients can access trusted medical expertise from their homes’ comfort and safety without interruption to the continuity of care, ultimately resulting in better patient outcomes, a better-utilized healthcare workforce, and significant cost savings for patients and providers alike.
MedArrive taps into a capable workforce of EMS professionals (e.g., EMTs and paramedics) so they can leverage the full scope of their training, earn supplemental income, and diversify their day-to-day responsibilities. At the same time, patients using MedArrive are able to access trusted medical expertise from the safety of their homes and within their existing health systems, ultimately resulting in better patient outcomes, a better-utilized healthcare workforce, and significant cost savings for patients and providers alike.
In a short time, MedArrive has grown a national network of 50k highly-skilled field providers servicing dozens of clinical and complex use cases. In addition to improving patient outcomes, MedArrive’s approach also empowers an underutilized segment of the healthcare workforce to practice at the full scope of their training: highly capable EMTs and paramedics.
MedArrive has established nearly a dozen partnerships with large national and regional health plans including SCAN Health Plan, Clover Health, Bright HealthCare, Molina Healthcare as well as ACOs and government entities such as the LA Department of Health. Through these partnerships, the company is currently conducting home visits across California, Florida, New Jersey, North Carolina, and Texas.
MedArrive will use the new financing to expand its network to additional states, double its team of industry experts and invest heavily in its product and platform to maximize impact. As part of the financing, Andy Harrison, Managing Partner at Section 32, will join MedArrive’s Board of Directors and Alyssa Jaffee, Partner at 7wireVentures, will join as a Board Observer.
“Too many people who need medical attention are going untreated, and access to quality care within the home is critical for a sustainable, equitable health system,” said Dan Trigub, CEO and co-founder of MedArrive. “Our approach helps underserved populations overcome healthcare barriers by meeting them where they are and coordinating care with physicians they trust. By continuing to expand our reach, we are improving lives across the country and bringing greater humanity to healthcare.”