BOSTON, Jan. 10, 2022 /PRNewswire/ -- Medically Home today announced a new, $110 million round of funding from strategic investors including Baxter International Inc., 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 providing additional capital on top of their previous investments, demonstrating confidence in the growing expansion of the model nationwide.
The Medically Home model unlocks patients' homes as safe alternative sites to receive high and lower acuity care across the care continuum in the comfort and convenience of their homes. This capability is designed to increase health system capacity and resiliency, while meeting the needs and wants of patients, who often prefer to be cared for at home or in a homelike setting. More than 7,000 patients have been treated using the Medically Home platform and ecosystem, as delivered by health systems across the country and utilization is expanding rapidly.
Medically Home Announces a $110 Million Investment
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The newest and existing strategic investors in Medically Home represent a further coming-together of the necessary ingredients to safely accelerate the scaling of the model.
Baxter – Innovation Engine for Clinical Solutions – Global medtech leader in innovative therapies for critical conditions.
GMR – National Leader in Mobile Healthcare – With more than 30,000 rapid response frontline clinicians, Global Medical Response provides services in all 50 states covering out of hospital emergency, non-emergency and mobile healthcare.
Cardinal Health – Advanced Logistics – Global leader in logistics and distribution of pharmaceuticals, medical and laboratory products.
Mayo Clinic – Global leader in serious or complex medical care
Kaiser Permanente – National leading health care provider and not-for-profit health plan
The model is expected to increase demand for a next-generation clinical workforce that combines centralized care oversight (guided by physicians and nurses in medical command centers) with field clinicians (nurses, paramedics, and technicians), who work seamlessly as a team. This work force is supported by Medically Home's national partners that bring all the needed clinical and supportive services, medication, medical equipment, technology and other capabilities that create a safe and effective site of advanced medical care.
Rami Karjian, chief executive officer of Medically Home said, "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."
