The series B funding round, which follows ConcertoCare’s recent acquisition of Crown Health, a home-based primary care practice, will allow the company to scale delivery of its care model to more seniors with unmet health and social requirements in their homes
The series B round follows the company’s recent acquisition of Crown Health. (Credit: StockSnap from Pixabay)
ConcertoCare has secured a $105m in series B funding for the expansion of its value-based and at-home model service.
Led by Wells Fargo Strategic Capital, the funding round saw participation from Obvious Ventures, Vast Ventures, The Schusterman Family Foundation, SteelSky Ventures, Pennington Partners, and returning investor Deerfield Management.
ConcertoCare is a tech-enabled and value-based care provider of at-home and comprehensive care for seniors and other adults.
The series B round follows the company’s recent acquisition of Crown Health, a home-based primary care practice that serves the Pacific Northwest.
The funds will be used by the company to scale delivery of its care model to more seniors with unmet health and social requirements in their homes.
An interdisciplinary care team, including physicians, nurses, pharmacists, health coaches, behavioralists, and social workers, is deployed in person and virtually by ConcertoCare to meet both their medical and social requirements.
ConcertoCare chairman and CEO Dr Julian Harris said: “Our mission at ConcertoCare is to keep the country’s most medically and socially complex seniors and other adults healthy and in their homes for as long as possible, and out of the emergency department and the hospital, while simultaneously empowering them to live their best lives.”
ConcertoCare’s Patient3D data analytics and decision support platform is used by the care team to provide the next best action for each patient.
It works with different payers such as Medicare Advantage, Medicare-Medicaid plans, and CMS value-based care programmes.
The company also delivers care, in addition to providing a current primary care physician to the patient and serving as a provider of record.
Through its Programmes of All-Inclusive Care (PACE) for the Elderly offering, ConcertoCare also provides its community-based and interdisciplinary care delivery model for qualifying members.