Revolutionizing Healthcare: Inbound Health Secures $30M in Series B Funding
Home Hospital Newco, Inc. (DBA Inbound Health), a Minneapolis-based company that facilitates acute and post-acute care in the comfort of patients’ homes, has recently announced a successful $30 million Series B funding round. Leading this investment is HealthQuest Capital, with continued support from existing investors Flare Capital Partners and McKesson Ventures.
In a healthcare landscape where the home is increasingly becoming a focal point for care, Inbound Health is at the forefront of enabling health systems to provide advanced care services outside of traditional clinical settings. The programs powered by Inbound Health are not just innovative; they are yielding remarkable clinical, operational, and financial benefits for partnering health systems.
One of the most crucial aspects of these advanced care-at-home models is their ability to reduce healthcare costs significantly. By lowering the length of hospital stays, readmission rates, and avoidable complication rates (such as infections and delirium), Inbound Health is aligning economic interests with health system partners through a value-based care approach.
Dave Kerwar, CEO of Inbound Health, expressed his excitement about this funding, stating, “In partnership with leading health systems around the country, we are committed to advancing our clinical, operating, and technology assets to scale high-quality, advanced care in the home.”
The Series B financing will support Inbound Health’s expansion into new markets, further development of clinical programs, and the evolution of its proprietary technology and advanced analytics platform. The company will also continue to build customized operating assets, focusing on supply chain optimization, labor management, and logistics.
What sets Inbound Health apart is its comprehensive platform, which includes all the necessary capabilities to deliver home-based advanced care at scale. This encompasses clinical expertise, technology solutions, managed care services, supply chain partnerships, and labor management.
Garheng Kong, Managing Partner at HealthQuest Capital, highlighted the significance of Inbound Health’s innovative solution. He said, “Inbound Health’s innovative solution addresses a pressing need within our healthcare system by enabling patients to receive high-quality care in the comfort of their homes, thereby enhancing the overall patient experience and creating a solution that benefits all stakeholders.”
With a flexible partnership structure, Inbound Health empowers its customers to leverage their existing assets and capabilities while relying on the company to bridge the gaps required to scale these revolutionary programs across their service areas.
To date, Inbound Health has positively impacted over 4,200 patients with 185 primary diagnoses, particularly through its operational partnership with Allina Health since May 2020. The program integrates biometric monitoring, digital surveillance, in-home nursing and therapy, virtual visits, and a comprehensive supply chain to deliver safe, high-quality care.
Inbound Health’s mission to transform healthcare by delivering exceptional care directly to patients’ homes continues to gain momentum, and this latest funding round is a testament to the company’s dedication to reshaping the future of healthcare delivery.
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