• 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

ConcertoCare Raises $105M for Value-Based At-Home Care for Seniors

by Fred Pennic 02/03/2022 Leave a Comment

  • LinkedIn
  • Twitter
  • Facebook
  • Email
  • Print

What You Should Know:

– ConcertoCare, a value-based care provider of at-home care for seniors and other adults with unmet health and social needs raises $105M in Series B funding led by Wells Fargo Strategic Capital. The round also includes investments from Obvious Ventures, Vast Ventures, The Schusterman Family Foundation, SteelSky Ventures, Pennington Partners, and returning investor Deerfield Management. The funding announcement comes on the heels of ConcertoCare acquiring home-based primary care practice Crown Health.

– The company plans to use the funds to scale the delivery of its comprehensive care model, which pairs an interdisciplinary care team with their proprietary data analytics and decision support platform, to reach more patients in their homes.


At-Home Care Model to More Seniors with Unmet Health and Social Needs

Seniors and other adults with unmet health and social needs, like unstable housing, food insecurity, and lack of transportation, are often overlooked by the health care system. Founded in 2015, ConcertoCare deploys physician-led interdisciplinary teams— supported by its proprietary population health platform, Patient3D®, and clinical decision support tools — to manage the country’s most medically and socially complex and costly patients in ways that keep them in their homes and out of the hospital. ConcertoCare deploys an interdisciplinary care team made up of physicians, nurses, pharmacists, health coaches, behavioralists, and social workers that is available to them in person and virtually to meet both their medical and social needs, whether that is managing a chronic condition or helping them to access nutritious meals.

The care teams use ConcertoCare’s proprietary data analytics and decision support platform, Patient3D®, to help identify the next best action for each patient. The teams also use a range of connected devices, and the data they generate, to help people manage their conditions and to optimize care delivery. ConcertoCare works with a variety of payers, including Medicare Advantage, Medicare-Medicaid plans, and CMS value-based care programs, and can deliver care alongside a patient’s current primary care physician or serve as the provider of record. For qualifying members, ConcertoCare further expands its community-based, interdisciplinary care delivery model through its PACE, or Programs of All-Inclusive Care for the Elderly offering.


Why It Matters

Thirty-nine percent of Medicare enrollees have four or more chronic conditions, which include diabetes, heart disease, Alzheimer’s, and chronic kidney disease. Many of these patients have undertreated behavioral conditions and unmet social needs like unstable housing, food insecurity, and lack of access to transportation. These complex patients represent a disproportionate amount of spending; less than 5 percent of the U.S. population accounted for half of healthcare expenditures in 2018. With the high cost of care for this vulnerable population, finding a value-based solution that helps manage their complex healthcare and social needs where they are is critical, especially since 88 percent of seniors would prefer to receive care in their home.

“Our mission at ConcertoCare is to keep the country’s most medically and socially complex seniors and other adults healthy and in their homes for as long as possible, and out of the emergency department and the hospital, while simultaneously empowering them to live their best lives,” said Dr. Julian Harris, chairman and CEO of ConcertoCare. “This commitment from our new and existing investment partners enables us to continue innovating, growing, and improving health outcomes and quality of life for these vulnerable patients who are too often failed by the traditional American healthcare system, a situation that is frequently exacerbated by health inequities.”

Availability

ConcertoCare currently serves seniors in eight states across the country, and has raised a total of $149.5M in equity funding to date.

  • LinkedIn
  • Twitter
  • Facebook
  • Email
  • Print

Tagged With: Home Care, Social Determinants of Health

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

Paradigm Shift in Diabetes Care with Studio Clinics: Q&A with Reach7 Founder Chun Yong

Most-Read

Medtronic to Separate Diabetes Business into New Standalone Company

Medtronic to Separate Diabetes Business into New Standalone Company

White House, IBM Partner to Fight COVID-19 Using Supercomputers

HHS Sets Pricing Targets for Trump’s EO on Most-Favored-Nation Drug Pricing

23andMe to Mine Genetic Data for Drug Discovery

Regeneron to Acquire Key 23andMe Assets for $256M, Pledges Continuity of Consumer Genome Services

CureIS Healthcare Sues Epic: Alleges Anti-Competitive Practices & Trade Secret Theft

The Evolving Role of Physician Advisors: Bridging the Gap Between Clinicians and Administrators

The Evolving Physician Advisor: From UM to Value-Based Care & AI

UnitedHealth Group Names Stephen Hemsley CEO as Andrew Witty Steps Down

UnitedHealth CEO Andrew Witty Steps Down, Stephen Hemsley Returns as CEO

Omada Health Files for IPO

Omada Health Files for IPO

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

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 |