PeerWell, a San Francisco, CA-based provider of PreHab programs that enable patients to prepare physically and mentally for orthopedic surgery and recover, raised $6.5m in Series A funding.
The round was led by Omers Ventures with participation from:
– XSeed Capital,
– Emmett Shear (Co-Founder CEO of Twitch),
– Travis May (CEO of Datavant),
– Auren Hoffman (CEO SafeGraph, Co-founder of LiveRamp),
– Kevin Lin (COO of Twitch),
– Michael Seibel (CEO of Y Combinator),
– Humble Lukanga,
– George Mathew (CEO Kespry),
– Anne Mathew (Stanford Healthcare),
– Patrick McKenna (Founder One America Works),
– Charlene Frizzera (Former Administrator of CMS),
– Joel Jewitt (Co-founder LiveRamp),
– Arian Foster (ex-NFL), Glover Quin (NFL),
– Brandon Marshall (NFL),
– Duane Brown (NFL), and
-Malik Jackson (NFL).
The company intends to use the funds to fast-track the commercial rollout of its platform for workers’ compensation surgery optimization.
Founded in 2015 by Manish Shah, Navin Gupta and Evan Minamoto, Peerwell is a surgery optimization platform that has allowed thousands of patients with musculoskeletal conditions to prepare for surgery or avoid it altogether. It works as an extension of the healthcare team that works to lower patient risk, control costs, and improve return-to-work times.
The programs provide patients with surgery optimization and avoidance programs that address the five pillars of health optimization:
– Physical Therapy,
– Pain & Anxiety,
– Health Literacy, and
– Environmental Preparation.
PeerWell collects data that enables workers’ compensation insurers, payers, third-party administrators, and providers to improve outcomes, make informed decisions, and reduce the cost of care.
The platform is now available across North America through partnerships with large claims administrators, employers, and Medicare Advantage plans.
The company also has ongoing partnerships with Healthcare Outcomes Performance Company (HOPCo), the management company for groups like The CORE Institute, Medicare Advantage plans like the Golden State Medicare Health Plan.