Thinking Big in Minnesota mspmag.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mspmag.com Daily Mail and Mail on Sunday newspapers.
Correction: This article has been revised to correct the spelling of Anser Innovation and how frequently the Home Health Hub dispenses medication.
With new funding secured, a Minnesota health startup will bring its in-home health technology to consumers next year.
Ōmcare has received a $2.5 million investment from Connect the Grey Investment Management to bring its Home Health Hub, an in-home device that dispenses and allows monitoring of a user’s medicine intake, to market following the conclusion of its pilot program.
“We are pioneering products that [enable] remote care in the home, and promises real medication adherence meaning the right medication, [at] the right time, [for the] right person,” said Lisa Lavin, Ōmcare’s founder and CEO.
The capital came from Connect the Grey Investment Management.
The company intends to use the funds for commercialization of its Ōmcare Home Health Hub™ .
Led by Founder and CEO Lisa Lavin Ōmcare provides the Ōmcare Home Health Hub, which incorporates on-time medication dispensing with visual confirmation that users are taking the right medication at the right time, along with remote face-to-face communication with their care team through the video portal.
The company is conducting a pilot program, in partnership with Minnesota based Ecumen Senior Care and Thrifty White Pharmacy, in early 2021 to evaluate how the technology improves medication adherence, reduces the cost of care and decreases the feeling of isolation and loneliness in users. Ōmcare will build upon success from the pilot program with a commercial launch expected later in 2021.
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Digital primary care company Curai Health scored $27.5 million in Series B funding from Morningside Ventures, as well as returning backers General Catalyst and Khosla Ventures. The company, which was founded by Neal Khosla and Xavier Amatriain, runs on a subscription-based model.
Users can pay $7.99 a month for the subscription and then access telemedicine visits with doctors. The service also lets patients set goals around things such as weight management and sleep.
The company plans to use the money to expand its efforts and scale.
“Primary care should be just that primary to every single person, but without drastic innovation, the current system will only create more scarcity, higher costs and a sicker population,” Khosla said in a statement.
mcare raises $2 5M for commercialization crowrivermedia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from crowrivermedia.com Daily Mail and Mail on Sunday newspapers.