Tech-backed continual kidney illness and end-stage renal illness administration firm Monogram Well being introduced it scored a whopping $375 million in progress funding.
Strategic buyers within the spherical embrace CVS Well being, Humana, SCAN Well being Plan, Cigna Ventures and Memorial Hermann Well being System. Different members embrace First Cressey Ventures, TPG Capital, Pura Vida Investments, Northwest Ventures Companions, and Heritage Group.
Monogram companions with well being plans to supply their members a variety of renal care providers, together with predictive algorithms that establish at-risk members. It additionally delivers at-home and digital care offered by Monogram’s scientific crew, remedy administration know-how, personalised care pathways, scientific choice assist software program, distant affected person monitoring capabilities and instruments to create value-based care contracts.
The Nashville-based firm will use the funds to deploy its scientific providers and its supply mannequin for in-home kidney and continual situation care.
“This newest milestone progress funding spherical with substantive new and present companions is pushed by our disciplined dedication to, and demonstration of, excellent scientific outcomes. These higher high quality outcomes for sufferers are made potential by our transformative method to providing in-home, evidence-based nephrology and polychronic care. I am proud to work alongside Monogram’s targeted management crew to proceed to propel the corporate because the sustainable scientific chief for sufferers throughout the US,” Dr. Invoice Frist, Monogram’s board chair and associate with Frist Cressey Ventures, stated in an announcement.
In 2021, Monogram closed a $160 million Collection B funding spherical, which the corporate stated could be used to fund its enlargement.
The corporate has since added a number of gamers to its government management crew and its board, together with Bhavesh Shah as chief monetary officer; Karen Abbott as chief administrative officer and chief compliance officer; Kyle Cooksey as senior vice chairman of promoting and communications; and Seema Verma, former administrator of the Facilities for Medicare and Medicaid Providers, as a board member.
In October, Humana, a strategic investor within the newest funding spherical, introduced a value-based care settlement with Monogram Well being to supply in-home kidney care to its Medicare Benefit HMO and PPO plan members in Tennessee, Alabama, Mississippi and Louisiana.
The corporate additionally introduced a collaboration with well being and wellbeing group Point32Health in October, and, in December, revealed its partnership with faith-based healthcare system AdventHealth.