By writer to finance.yahoo.com
The brand new spherical brings the entire funds raised to $12 million prior to now 15 months and displays a rising nationwide deal with kidney illness and at-home healthcare companies
Monogram Health, a number one kidney illness care administration firm, introduced right this moment that it has secured $7 million in funding by the closing of a Sequence A-1 financing spherical. The spherical was co-led by Frist Cressey Ventures and Norwest Venture Partners. The funding represents one other important milestone for Monogram as the corporate continues to develop, improve well being plan partnerships and handle the care of weak sufferers with kidney illness by in-home engagement and elevated interplay throughout this time of heightened isolation introduced forth by the COVID-19 pandemic.
Monogram at the moment operates its kidney illness care administration applications for 1000’s of sufferers throughout the U.S., together with Humana Medicare Benefit and Industrial plan members in Louisiana and Mississippi. The corporate companions with well being plans to collaborate with nephrologists and guarantee high-quality affected person care is delivered affordably. Monogram’s care administration group of nurses, social employees, nephrologists, and geriatricians develop sturdy and lasting relationships with sufferers by in-person visits to their properties, inclusive of members of the family and group help, as a way of bettering general well being outcomes. By means of these common visits, Monogram’s specialised care groups monitor and handle sufferers’ kidney care supply, equivalent to applicable remedy compliance, in addition to transitions to and adherence with renal alternative, palliative care, and different evidence-based therapy modalities.
“We satisfaction ourselves on working with modern firms which are actually remodeling the supply of healthcare, and we share in Monogram’s imaginative and prescient of creating kidney care extra accessible to extra individuals, decreasing the price of care, and on the identical time bettering their high quality of life and well being outcomes,” mentioned Senator Invoice Frist, M.D., Co-Founder & Companion of Frist Cressey Ventures and Monogram Well being’s board chairman. “In mild of the COVID-19 pandemic, the necessity for high-quality, in-home kidney well being companies are solely rising, and Monogram is on the forefront of this shift to home-based care administration and supply.”
House visits and frequent interplay with Monogram group members have develop into much more important in mild of COVID-19. These visits have been instrumental in safeguarding high-risk sufferers with severe underlying well being situations towards pointless hospitalizations, missed doctor visits and the emotional impacts of being remoted in a time of social distancing. Monogram helps the supply of care within the dwelling and out of doors of clinics and healthcare services, minimizing the potential unfold of COVID-19.
“The COVID-19 pandemic has put a highlight on the house as a secure healthcare setting for dialysis and different kidney-related care,” mentioned Casper de Clercq, Basic Companion, Norwest Enterprise Companions. “Monogram’s answer empowers the weak sufferers with renal illness to be seen within the consolation and security of their very own properties and to decide on therapy modalities which are home-based, relatively than clinic-based. This modern method to managing kidney care supply will assist enhance well being outcomes for a inhabitants that drastically wants and deserves higher care.”
The funding additionally comes because the Facilities for Medicare and Medicaid Companies is rising its consideration and deal with the price and high quality of kidney look after its Medicare beneficiaries. By means of the 21st Century Cures Act, Medicare beneficiaries with finish stage renal illness could have the choice through the Annual Election Interval (AEP) later this yr to enroll in 2021 Medicare Benefit plans administered by personal well being insurers to supply protection for his or her care wants.
About Monogram Well being
Monogram Well being is a number one renal illness care administration firm offering an modern care mannequin and data-driven options to rework look after sufferers residing with continual kidney and end-stage renal illness. Partnering with well being plans by a nationwide community of nephrologists and main kidney care specialists, Monogram Well being supplies renal sufferers with distinctive at-home care administration. By means of using subsequent technology synthetic intelligence, clinically built-in care supply and personalised care planning, Monogram Well being’s mannequin seeks to delay development of the illness, promote a seamless transition to dialysis or pre-emptive kidney transplant and optimize well being outcomes for these sufferers with end-stage renal illness. Primarily based in Nashville, Tenn. and privately held by Frist Cressey Ventures and Norwest Enterprise Companions, Monogram Well being at the moment operates its renal illness care administration applications for 1000’s of sufferers throughout the U.S. on behalf of notable well being plan purchasers. To be taught extra about Monogram Well being, please go to here.
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