DispatchHealth, a Denver, Colo. – based provider of tech-enabled in-home health care, closed a $135.8m Series C funding.
The round was led by Optum Ventures with participation from existing investors Alta Partners, Questa Capital, Echo Health Ventures, new investors Oak HC/FT, Humana Inc. (NYSE: HUM) and additional strategic investors.
The company intends to use the funds to expand operations and its business reach.
Led by Dr. Mark Prather, CEO and Co-Founder, DispatchHealth offers on-demand acute care and advanced medical care for people of all ages via emergency medicine and internal medicine trained medical teams equipped with all the tools necessary to treat common to complex injuries and illnesses. Patients and their care partners can request DispatchHealth medical care via phone, mobile app or website, and a medical team arrives within two hours equipped with tools and equipment needed to perform high-acuity medical care. Whether a patient is dehydrated and requires IV fluids, has a laceration needing repair, or requires higher-level interventions for asthma, chronic obstructive pulmonary disease or congestive heart failure exacerbations, the company’s team arrives prepared to handle a wide array of high-acuity cases.
The company works closely with payers, providers, health systems and others to deliver care in the home to reduce unnecessary emergency room visits, hospital stays and readmissions. Acute care medical teams are available seven days a week, evenings and holidays, and can be requested via app, online or a quick phone call.
DispatchHealth is partnered with most major insurance companies.