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Fremont, CA: Medically Home has completed a $110 million round of funding from strategic investors, including Baxter International, Global Medical Response (GMR), and Cardinal Health, who will each have representation on the company's Board. Cardinal Health, Mayo Clinic, and Kaiser Permanente are adding to their previous investments, demonstrating their confidence in the model's nationwide expansion.
The Medically Home model allows patients to receive high and low acuity care across the care continuum in the comfort and convenience of their own homes. This capability is intended to boost healthcare capacity and resilience while also meeting the needs and desires of patients, who frequently prefer to be cared for at home or in a homelike setting. Over 7,000 patients have been treated using the Medically Home platform and ecosystem, which is delivered by health systems across the country, and usage is rapidly increasing.
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The model is expected to drive demand for a next-generation clinical workforce that combines centralized care oversight with field clinicians (nurses, paramedics, and technicians) who collaborate seamlessly. This workforce is bolstered by Medically Home's national partners, who provide all clinical and supportive services, medical equipment, medication, technology, and other capabilities required to create a safe and effective advanced medical care site.
Rami Karjian, chief executive officer of Medically Home, remarked, "The addition of these strategic national partners powerfully strengthens our logistics capability which our health system providers need to safely and reliably care for patients in their homes. The accelerating decentralization of high acuity care from hospitals and other institutional sites to an ever-increasing number of patient's homes enabled by Medically Home, validates the importance of an ecosystem of health care partners working together on behalf of patients and the clinicians that care for them across the country."
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