A New Orleans-based business that brings medical care to patients in their homes has closed $54 million of new funding to expand its operations.
Ready raised the funds in a Series C round of financing. GV, Deerfield Management Company, City Light Capital, Town Hall Ventures, Frist Cressey Ventures and others have invested over $100 million across two funding rounds in less than a year, a news release said.
Ready employs EMTs, paramedics and nurses who arrive at patients’ homes to provide care. During each visit, the responder connects the patient to a doctor or nurse practitioner who provides treatment using video conferencing.
The company’s model offers on-demand, non-emergency medical care for people in their homes, continuity of care for patients discharged from acute facilities and more long-term care for those with chronic conditions.
“With this financing, we can expand our service offerings, bring more quality care directly to more patients and keep building a team of talented individuals who share our values and believe in our mission,” said Justin Dangel, Ready’s founder and CEO.
Ready has been making in-home visits to people who need COVID-19 testing, primarily in communities with Medicaid beneficiaries and patients eligible for Medicare and Medicaid.
The company’s model will grow to include mental health, expanded point-of-care testing, vaccinations and new approaches to improve care quality for patients and payor partners, the release said.
Ready currently operates in New York, Los Angeles, Miami, Washington, D.C., Baltimore, Maryland, Reno and Las Vegas, Nevada, and New Orleans, Baton Rouge, Shreveport and Houma.
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September 19, 2020 at 11:31PM
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On-demand care service Ready raises $54M in key financing round - New Orleans CityBusiness
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