DispatchHealth, a Denver, Colo.-based provider of on-demand health care company, closed a $33m growth financing round.
The round was led by Echo Health Ventures, with participation from existing investors Alta Partners, Questa Capital and additional strategic investors. In conjunction with the funding, Dusty Lieb, Echo Health Ventures, will represent the DispatchHealth board of directors.
The company intends to use the funds to open additional locations across the U.S., expand its treatment capabilities for patients with high medical needs, and accelerate the investment in its mobile application and logistics platform.
Led by Dr. Mark Prather, CEO and co-founder, DispatchHealth is an on-demand health care delivery company which uses board-certified medical teams equipped with all the tools necessary to treat common to complex injuries and illnesses to take care of people of all ages in the comfort of their own home.
Medical teams are available during the day and also on weekends, evenings and holidays, and can be requested via app, online or a quick phone call.
After treatment, each medical team sends notes back to a patient’s primary care physician, senior living community (if applicable) and the patient directly to ensure all parties are kept informed and connected. Among the hundreds of patients seen each day throughout the country, DispatchHealth is able to collect data to spot trends in care needs among different age demographics and identify important social determinants of health.
The company works with payers, providers, health systems and is partnered with most major insurance companies.