Heyday Health Raises $12.5M to Scale "Virtual-forward" Value-based Care Model for Medicare & Dual-eligible Patients
Summary
CAMBRIDGE, Mass., June 24, 2024 /PRNewswire/ -- Heyday Health, the nations first virtual-forward value-based care provider focused on Medicare and dual-eligible patients, announced today that it has raised $12.5 million from Gradient Ventures - Googles early stage fund, Lionbird, a large national payor, Great Oaks Capital, and Kate Ryder, CEO of Maven Clinic.The funding will enable Heyday to expand its mission to provide Medicare and dual-eligible patients with high-quality, accessible, and compassionate care from the comfort of their homes.Heydays virtual-forward model starts with a comprehensive physical, behavioral, and social assessment conducted in patients homes, or wherever they call home. Heydays care team also includes behavioral health and clinical pharmacy providers who help manage behavioral health conditions and complex medication regimens.Purpose-built technology powers Heydays care model, enabling frictionless access to video visits for patients and streamlined market operations for its in-home and virtual care teams.Heyday has been delivering on the Triple Aim since its inception, generating exceptional quality (4+ Star performance 3 years running), patient experience (NPS 85), and lowering costs by reducing inpatient admissions and ER visits.With this funding, Heyday is expanding into the Cincinnati/Dayton area in Southwest Ohio and the Louisville area in Kentucky, and has positioned itself for long-term success. Three years onward, Heyday has enjoyed the privilege of caring for thousands of patients and is humbled by the opportunity to expand our impact. Heyday is excited for this next phase in its organizational journey.Heyday Health is a virtual-forward value-based care provider focused on Medicare and dual-eligible patients. Knowing that the majority of health outcomes are determined outside of the walls of healthcare settings, Heyday goes to the source - patients daily lives.