Sprinter Well being, a cell healthcare supplier, has raised $55 million in Collection B funding to assist the corporate increase its workforce and footprint, it introduced Thursday.
Menlo Park, California-based Sprinter Well being works with well being plans and gives each in-home and digital care. Its community-based well being employees, known as Sprinters, and distant nurse practitioners present diagnostic screenings, very important checks, medicine administration help, wellness visits and care navigation. The Sprinters are W-2 staff and are licensed as phlebotomists and educated with medical assistant and group well being employee expertise. They’ll additionally establish unmet social wants, resembling fall dangers or meals insecurity, and join sufferers with assets to deal with these wants.
“We’re targeted totally on reaching populations who’re largely disconnected from the healthcare system: we specialise in partaking the unengaged,” mentioned Max Cohen, CEO and co-founder of the corporate, in an e-mail.
The $55 million Collection B spherical was led by Normal Catalyst and included participation from Andreessen Horowitz (a16z) Bio + Well being, the Regents of the College of California, Google Ventures and Accel. In whole, Sprinter Well being has raised greater than $125 million.
“We consider Sprinter Well being is rising as a category-defining firm in home-based care,” mentioned Holly Maloney, managing director of Normal Catalyst, in an announcement. “They’ve constructed the technological infrastructure to make care each scalable and impactful for the individuals who want it most.”
The financing will assist Sprinter Well being develop its scientific, engineering, AI and operations groups, Cohen mentioned. The corporate can even add new geographic areas to offer extra protection for its payer companions. It at the moment operates in 18 states and plans to increase to 22 by the top of the summer season, in response to the announcement. The Sprinters have additionally accomplished almost 100,000 visits in individuals’s houses.
The financing comes at some extent when accessing high quality care is a problem, and it’s oftentimes too costly. That is what Sprinter Well being hopes to deal with with its in-home and digital care mannequin, Cohen mentioned.
“Getting fundamental exams and screenings for treatable illnesses alone is more and more tough for individuals of all ages because of price, distance, or an incapacity to determine the advanced healthcare system on this nation. … Should you expanded entry underneath the established order, bills would improve even additional, straining an already heavily-underwater system,” he mentioned. “Non-public innovation capital permits the event of different fashions that may bend these price curves, and our success on behalf of payer companions so far begets additional innovation and funding to proceed scaling these options.”
There are a number of different firms that ship in-home and digital care, together with DispatchHealth, which not too long ago acquired Medically House, one other residence care supplier.
Image: Feodora Chiosea, Getty Pictures
