Homeward Health

Homeward Health delivers telehealth solutions using a hybrid care delivery model which leverages both virtual and at-home consultations to deliver telehealth solutions. While the company’s initial focus was on heart health, its aim is to bring primary and specialty care solutions to rural parts of the US through its telehealth and remote monitoring services and its mobile units for in-person care. Homeward plans uses mobile devices to offer its telehealth services, along with monitoring devices, which would transmit patient data over cellular networks instead of broadband networks, due to the limited availability of broadband connections in these rural areas. Homeward also provides additional services such as longitudinal check-ins and monitoring, home delivered lab reports and prescriptions, and partnerships for referrals to local doctors and hospitals if required.

As of March 2022, the California-based company had no physical clinics; however, it is considering setting up care clinics on an as-needed basis. The company will operate using a B2B2C model, where users can use their insurance plans to use Homeward’s services.

Key customers and partnerships

In August 2022, the company partnered with Priority Health to bring its healthcare services to 30,000 Medicare Advantage patients in rural Michigan over the next three years. The partnership also enabled Homeward Health to integrate with health systems in Michigan, given Priority Health’s local affiliations. The partnership announcement is the second partnership Homeward has entered into after announcing its partnership with  RiteAid in May to bring remote and virtual care services to seniors living in rural areas across the US  .

Funding and financials

In August 2022, the company raised USD 50 million in a Series B funding round co-led by ARCH Venture Partners and Human Capital, along with participation from other venture capital firms. This brings the total funds raised by the company to USD 70 million. The funds were set aside to quicken its expansion into new markets through partnerships with health plans as well as develop and scale its on-the-ground and virtual care teams.