MedArrive, a care management platform that integrates telehealth and in-person care, exposed it got an $8 million tactical monetary investment from Cobalt Ventures, a Blue Cross and Blue Guard of Kansas City subsidiary.
The round brings business’s general raise to $40.5 million.
WHAT IT DOES
MedArrive offers a provider network of paramedics, Lifesaver and other medical professional who take a look at customers on behalf of their medical insurance coverage method, using in your home healthcare services, diagnostics, health examinations and preventative health treatments. Business also assists with transportation, nutrition and motion.
With the new monetary investment, business will increase its handle payers, grow its group, bu ild its platform and widen into new markets.
MARKET IMAGE
In 2021, MedArrive scored $ 25 million in Series A funding, joining the lots of company that collected monetary investment that year.
However, venture funding decreased in 2022 Dan Trigub, MedArrive’s CEO and cofounder, described the year’s complex financing environment to MobiHealthNews in December.
” This year’s funding environment quickly separated the ‘outstanding’ from the ‘bad,’ indicating business built with bad system economics on the very first day will not make it through. It also needed company to take a look at other moneying alternatives like venture monetary responsibility or getting rid of rounds. Developers and executive groups leaned into being more comprehensive with capital and gotten ready for the worst,” Trigub specified.
That really exact same month, MedArrive exposed its techniques to partner with Texas-based Superior HealthPlan and virtual mental health company Brave Health to make it possible for Texans to access to in your home healthcare, virtual behavioral health services and telehealth.
Last month, the remote care company exposed a partnership with maternity telehealth platform Ouma Health to scale its mama and fetal in your home care offerings to girls on Medicaid.
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