October 18, 2017

Westport home care company raises $4M

A Westport-based company focused on providing home care announced it raised $4 million in Series A funding and is working with Atrius Health of Massachusetts and its subsidiary, VNA Care, to develop and deploy its program.

The funding round for Medically Home Group was led by a large unnamed health benefits company, with an additional $2 million raised from other investors, including Connecticut Innovations. The company is using the funds to deliver its clinical program using the home for advanced medical care that otherwise would be provided in a hospital.

Examples of health conditions the program can treat at home include heart failure, pneumonia and urinary tract infections, common diagnoses for frail elderly patients that are frequently hospitalized, Medically Home CEO Richard Rakowski said via email.

Atrius has 36 medical practices and more than 900 physicians who work together with the home health and hospice services of its VNA Care subsidiary and in close collaboration with hospitals, community specialists and skilled-nursing facilities. Atrius and VNA began deploying the program with patients in May, with Atrius focusing on practice sites and selected collaborative hospital sites to treat its patients for advanced illness at home.

Medically Home Group provides tools and services for medical providers to shift advanced medical care from hospitals to patients' homes in a roughly 30-day program designed to ensure a full patient recovery and reduce the possibility of a preventable acute medical event.

It deploys clinicians, technology, equipment, medication and supplies to the homes of selected sick patients.

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