IntusCare Secures $11.5M to Advance Geriatric Care Technology Platform
TL;DR
IntusCare raised $11.5M in follow-on financing, enhancing market position and launching CareHub for improving care outcomes, giving a competitive edge.
CareHub accelerates PACE and value-based care models through reduced documentation, data system integration, and actionable insights, optimizing care management processes.
IntusCare's innovative solutions aim to improve outcomes for vulnerable senior populations, expanding to ACOs and SNPs, supporting high-quality care and empowering healthcare providers.
IntusCare's AI research, CareHub launch, and funding round drive innovation in value-based care, revolutionizing interdisciplinary care teams and enhancing user experiences in healthcare.
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IntusCare, a predictive analytics company focused on geriatric care, has secured $11.5 million in strategic follow-on financing, bringing its total funding to over $27 million. The investment round, led by Deerfield Management and including contributions from Citi Impact Fund and Jumpstart Nova, will support the launch of CareHub, a comprehensive care management platform designed to transform healthcare delivery for elderly populations.
The new funding will enable IntusCare to address critical challenges in value-based care models, particularly for Programs of All-Inclusive Care for the Elderly (PACE). CareHub aims to reduce administrative burdens, integrate disparate data systems, and provide actionable insights for interdisciplinary care teams.
CEO Robbie Felton emphasized the platform's potential to deliver targeted care, stating the company's mission is to provide the right care at the right time for older adults with complex needs. While initially focused on PACE programs, IntusCare plans to expand its solutions to Accountable Care Organizations (ACOs) and Special Needs Plans (SNPs).
Investors see significant potential in IntusCare's approach. Ryan Alam from Citi Impact Fund noted the company's innovative technology could empower workflows in senior care systems, addressing current technological limitations. Dr. Julian Harris of Deerfield Management highlighted the company's disruptive, AI-forward technology as a potential game-changer in healthcare delivery.
The strategic investment signals growing recognition of technology's role in improving geriatric care outcomes. By leveraging predictive analytics and artificial intelligence, IntusCare is positioning itself at the forefront of transforming healthcare management for vulnerable senior populations.
Curated from News Direct
