WellbeHealth, a start-up that coordinates care for elderly patients, has closed a $15m series A round, led by F-Prime Capital and 406 Ventures. The company is the only entrepreneurial, venture-backed group in the Program for All-Inclusive Care for the Elderly (PACE), which covers healthcare services for patients Q4 2017 who have been approved for nursing homes by their states' Medicaid office. With the new funds, WellbeHealth will introduce several models to support value-based care and it expects to begin serving PACE participants in at least 55 years old.
WellbeHealth, a start-up that coordinates care for elderly patients, has closed a $15m series A round, led by F-Prime Capital and 406 Ventures. The company is the only entrepreneurial, venture-backed group in the Program for All-Inclusive Care for the Elderly (PACE), which covers healthcare services for patients at least 55 years old who have been approved for nursing homes by their states' Medicaid office. With the new funds, WellbeHealth will introduce several models to support value-based care and it expects to begin serving PACE participants in Q4 2017.