US-based home care enablement platform Inbound Health has secured $30m of financing in its recent Series B funding round.
The funding round was led by HealthQuest Capital and included contributions from Flare Capital Partners and McKesson Ventures.
Inbound Health helps health systems provide hospital-at-home and nursing-at-home services.
The company plans to use the funding to enter new markets, develop its clinical programmes and enhance its technology and analytics platform.
Inbound Health claims that its programmes have led to significant clinical, operational and financial benefits, including reduced hospital stays, lower re-admission rates and fewer complications.
Inbound Health CEO Dave Kerwar said: “We are excited to embark on this next phase of growth with the strong backing of our investors, led by HealthQuest Capital.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below formBy GlobalData
“In partnership with leading health systems around the country, we are committed to advancing our clinical, operating, and technology assets to scale high quality, advanced care in the home and to increase the acuity and diversity of care delivered.”
HealthQuest Capital managing partner Garheng Kong said: “Inbound Health’s innovative solution addresses a pressing need within our healthcare system by enabling patients to receive high-quality care in the comfort of their homes, thereby enhancing the overall patient experience and creating a solution that benefits all stakeholders.
“This is especially vital in light of the growing capacity challenges faced by hospitals.
“We believe in the team’s ability to replicate and expand in future markets, making a substantial impact on healthcare delivery.”
Inbound Health was founded as a spin-out of healthcare non-profit Allina Health last year with the aim of providing care for patients who need facility-level acute or post-acute care in their homes.
To date, the home care company has treated more than 6,500 patients across more than 350 Diagnosis-Related Groups (DRGs).