Kedar co-founded Tomorrow Health in 2020 to simplify the process of getting home health care supplies, much like an Amazon for home health care equipment. The company provides a platform that procures the equipment and supplies patients’ needs at home, such as walkers and oxygen tanks, and coordinates all the logistics between payers, insurance coverage and referring providers. The startup has scored a $25 million series A round of funding led by Andreessen Horowitz with participation from Obvious Ventures and BoxGroup.
RELATED: How startup Tomorrow Health built an Amazon-like experience for getting home medical supplies Tomorrow Health aims to provide a holistic home care platform that works as a trusted partner to patients, families, physicians, medical equipment suppliers and insurers to manage home-based care, he said.
Tomorrow Health also announced Paul Mango, former deputy chief of staff for policy at the Department of Health and Human Services (HHS), and Roy Beveridge, M.D., former chief medical officer at Humana, have joined its advisory board. “The home health space is still living in the Dark Ages and desperately needs an upgrade. Tomorrow Health is setting a new, patient-first standard for how we improve the process,” said Julie Yoo, general partner at Andreessen Horowitz, in a statement.
The company will utilize the new capital to expand its infrastructure technology and grow its teams across technology, operations and business development, Kedar said. Individual investors in the company include C-level executives of Tenet Healthcare, Flatiron Health, Quartet and PillPack, Stripe, Massachusetts Medicaid and the World Bank, according to the company.
Partnering with payers, referring providers and DME suppliers, Tomorrow Health provides a data-driven intelligence platform to match patients with high-quality DME suppliers based on insurance coverage, service quality, geography and product specialization. “The platform’s critical technology infrastructure offers increased visibility and value to payers, provides tools for operational efficiency for DME suppliers, and saves providers and their staff time spent on coordination so they can focus on patient care,” said Yoo, who is joining the company’s board.
“We believe the home should be a patient’s primary point of care, and we are focused on providing patients with the right products, guidance and support to make that a reality,” said Kedar, who serves as Tomorrow Health’s CEO. RELATED: With rising demand for in-home care, DispatchHealth scores $136M round backed by Optum Ventures Patients recovering from surgery or illness at home or managing a chronic condition can use the company’s website to find the products they need; the platform navigates prior authorizations and insurance billing and then ships the equipment directly to patients’ homes in two business days, according to Kedar.
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- Andreessen Horowitz Leads $ 25 Million Investment in Home Health Care Startup Tomorrow Health
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