Tomorrow Health, a New York company that connects the dots for home-based care, closed $60 million in Series B funding on Wednesday. The funding round comes a little more than two months after the company raised $25 million to expand its staff and build out its infrastructure.
The company said it will use the latest infusion of capital to expand partnerships with national and regional health plans, grow in new markets, and invest in its market-leading technology. Tomorrow Health aims to connect and coordinate healthcare providers, home health, home-based care suppliers, patients and payers to streamline care.
“For patients navigating the transition home from surgery or managing a chronic condition, lack of access to critical medical equipment, supplies and services can lead to catastrophic outcomes for their care,” Tomorrow Health CEO Vijay Kedar, said in a statement. “At Tomorrow Health, we endeavor to restore the home as the patient’s primary place of care by seamlessly coordinating the resources they need to heal at home.”
Tomorrow Health launched last year and has raised more than $92 million in funding so far. The company has partnerships with 125 health systems and health plans nationwide, including Pennsylvania’s Geisinger’s Health Plan which has more than 500,000 members.
