附近上门

, a provider of in-home medical care, secured a valuation of $1.7 billion following a round of $200 million in Series D funding.

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The new funding announcement comes less than a year after the Denver-based company banked $135.8 million in a Series C in June 2020.

鈥淲e鈥檝e built one of the most comprehensive in-home care companies in the market,鈥� , M.D., co-founder and CEO of DispatchHealth, told 附近上门 News. 鈥淭his last year was a great growth year, and the possibilities of health care in the home were apparent due to the global pandemic. Everything was being delivered to the house, so why not health care? It was the right time to scale the model.鈥�

led the Series D investment and was joined by existing investors,,, and to give DispatchHealth a total of $417 million in funding since the company was founded in 2013, according to Prather.

, co-founder and managing partner of health care at Oak HC/FT, said via email that the firm had gotten to know Prather in the company鈥檚 early years and was drawn to DispatchHealth鈥檚 mission, which was aligned with Oak’s goal of partnering with companies that provide high-quality, lower-cost care and deliver on consumer experience.

鈥淟ast year we had the opportunity to participate in DispatchHealth鈥檚 first large financing and were eager to make a material commitment to support the further acceleration of scaling the care delivery model across the country,鈥� Adams said.

鈥淒ispatchHealth is the ultimate win-win-win for all health care stakeholders as it can deliver all types of care 鈥� urgent to hospital 鈥� in the low-cost setting of the home and do so with the highest quality outcomes and patient NPS. Dispatch鈥檚 model is powerful and impactful at scale as it can serve patients of all payer types and in all markets across the country,” he added.

Prather describes the company鈥檚 delivery of in-home care as taking the skills found in emergency rooms and hospitals and bringing them into patients鈥� homes to substitute an avoidable emergency room visit. It offers 30-day episodes that substitute for a hospital stay and a marketplace to coordinate ancillary services.

The is massive: a $1.3 trillion market that is forecasted to reach $1.6 trillion by 2027. Prather estimates that if even 10 percent of the market was moved to in-home care, it would be a $130 billion market that was growing and underpenetrated.

In addition, research has shown the 鈥渉ospital at home鈥� method is known to reduce the mortality rate by 20 percent, according to the . In-home care is also less expensive than private models, with patients saving an average of $1,000 to $2,000 per month, Prather said. If DispatchHealth is able to scale over the next three years, he forecasts the company could save patients $2 billion in medical cost savings during that time.

DispatchHealth operates in 31 markets today and plans to use the new funding to expand into 100 markets, develop its technology and look for acquisitions that would add value to the platform in the way of better patient and partner experiences, he added.

鈥淥ur intent is to continue to grow sales and add a series of services to the platform,鈥� Prather said. 鈥淲e have an opportunity to layer in additional in-home services, such as physical therapy and radiology.鈥�

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