Andreessen Leads $300M Bet on Devoted Health’s Senior Care Approach
Summary
For a startup called Devoted Health, the answer involves a combination of providing more home healthcare and support to the seniors it serves, as well as incorporating telemedicine and other technologies as part of a business model that uses more experimentation.On Tuesday, the Waltham, MA-based company announced it raked in $300 million in a Series B funding round to implement that new approach.For example, the company says it can facilitate tele-visits for urgent care and getting second opinions from remotely located physicians, and it can help set up transportation to and from medical appointments.“In various parts of the country, there are local examples of organizations dramatically improving healthcare outcomes and bringing down costs,” said Bill Frist, a medical doctor and former U.S. Senate Majority Leader, in a news release.Todd Park, Devoted’s executive chairman, previously co-founded Athenahealth and Castlight Health (NYSE: CSLT ), and served as U.S. chief technology officer under former President Barack Obama.
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