DispatchHealth, a Denver, CO-based provider of in-home medical care, secured an additional $200m in Series D financing.
The round, which brought total funding to more than $417m and raised its valuation to $1.7 billion, was led by Tiger Global with participation from previous investors Alta Partners, Echo Health Ventures, Humana, Oak HC/FT and Questa Capital.
The company intends to use the funds to expand its platform for in-home medical care to a total of 100 markets and its Advanced Care line of service across the United States.
Launched in 2013 and led by Dr. Mark Prather, CEO, DispatchHealth provides on-demand acute care and an advanced-level of medical care for people of all ages in the comfort of their own homes. The company’s emergency medicine and internal medicine trained medical teams are equipped with all the tools necessary to treat common to complex injuries and illnesses. DispatchHealth works closely with payers, providers, health systems, EMS, employer groups 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.
Advanced Care offers qualified patients a substitution for a hospital stay by providing an advanced level of care in the home. The service provides patients access to an on-call dedicated DispatchHealth medical team, which includes an internal medicine trained physician with emergency room experience and a physician assistant or nurse practitioner. Advanced Care patients also receive 24/7 physician coverage with remote monitoring, an emergency call button and daily visits from DispatchHealth’s medical team, including bedside nursing.