Homeward Raises $50M in Series B Funding

Homeward

Homeward, a San Francisco, CA-based company that delivers health and care in partnership with communities everywhere, starting in rural America, raised $50m in Series B funding.

The round was co-led by ARCH Venture Partners and Human Capital, with participation from General Catalyst, Lee Shapiro and Glen Tullman, Co-Founders of 7wireVentures.

The company will use the new funds to accelerate expansion into new markets through value-based contracts with health plans, invest in scaling its on-the-ground and virtual multidisciplinary care teams, including specialty care, as it expands into additional states in the coming months.

Led by Dr. Jennifer Schneider, chief executive officer, Homeward is an in-network provider that deploys an integrated care model including mobile, community-based care and technology. Through this approach, the company improves access to care, supports ongoing health management, and appropriately triages clinical services to help healthcare professionals practice at the top of their licensure. Homeward providers see members in mobile clinics throughout the community, virtually, and in members’ homes. These teams conduct physical exams, perform diagnostic tests, and integrate with regional health systems, local physicians, and specialists to provide care coordination, referring members to local in-person services as needed. Using cellular-based remote monitoring, Homeward keeps members connected to their multidisciplinary care team wherever they are, and uses the information to deliver a personalized care experience and positive health outcomes.

The company also announced its first value-based care partnership with Priority Health to deliver comprehensive care to Medicare Advantage members in rural Michigan.

FinSMEs

03/08/2022