MedArrive, an Irving, TX-based mobile-integrated care management platform provider, raised $8M in funding.
The round, which brought the total amount to $40.5M, was led by Cobalt Ventures, a wholly owned subsidiary of Blue Cross and Blue Shield of Kansas City.
The company intends to use the funds for continued business growth and expansion of health plan relationships.
Led by CEO Dan Trigub, MedArrive enables caregivers and payers to power home care services, leveraging an integrated care management platform. Its holistic care model, field provider network, and technology serve vulnerable populations in their homes, building patient self-advocacy, lowering the total cost of care, and reconnecting individuals to primary care. This approach provides patients with access to medical expertise using a continuity of care cost savings for both payers and providers. MedArrive has a nationwide network of EMS providers in its network. The services cover clinical use cases, including chronic condition management, transition care, readmission prevention, urgent care, immunizations, and palliative care.
The MedArrive platform also includes integrations with a growing ecosystem of specialized partners, which allows field providers to bring even more care services into the home such as virtual behavioral health, retinal screening and maternity care.
The company also led a variety of home-health programs with Bright Health, and several Centene plans including Superior HealthPlan (Texas), and HealthNet (California) among others.
FinSMEs
11/04/2023