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MedArrive, a care management platform that merges telehealth and in-person care, declared it gained an $8 million strategic financial commitment from Cobalt Ventures, a Blue Cross and Blue Defend of Kansas City subsidiary.
The spherical delivers the company’s full elevate to $40.5 million.
WHAT IT DOES
MedArrive presents a supplier network of paramedics, EMTs and other health care vendors who stop by people on behalf of their wellness coverage program, giving in-household health care solutions, diagnostics, health and fitness assessments and preventative overall health actions. The enterprise also helps with transportation, nourishment and mobility.
With the new financial commitment, the firm will increase its function with payers, mature its group, build its system and grow into new markets.
Current market SNAPSHOT
In 2021, MedArrive scored $25 million in Sequence A funding, signing up for the quite a few companies that garnered financial commitment that calendar year.
Having said that, enterprise funding diminished in 2022. Dan Trigub, MedArrive’s CEO and cofounder, described the year’s intricate funding atmosphere to MobiHealthNews in December.
“This year’s funding ecosystem quickly divided the ‘good’ from the ‘bad,’ meaning firms built with poor device economics on working day one particular will not survive. It also pressured businesses to examine other funding solutions like undertaking credit card debt or using down rounds. Founders and govt groups leaned into remaining additional diligent with funds and planned for the worst,” Trigub mentioned.
That exact same month, MedArrive uncovered its programs to companion with Texas-based Remarkable HealthPlan and virtual psychological wellbeing enterprise Brave Well being to let Texans to access in-house health care, virtual behavioral overall health companies and telehealth.
Past month, the remote care company declared a partnership with maternity telehealth platform Ouma Overall health to scale its mom and fetal in-property treatment offerings to gals on Medicaid.
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