Alta Partners and Questa Capital are co-leaders of the investment. The investment also involves participation of strategic partner US Acute Care Solutions and current investors, according to the company.
“DispatchHealth was designed to promote access to care, improve patient experience and outcomes, and decrease the overall cost of care,” said DispatchHealth CEO and co-founder Mark Prather MD. “There is a growing body of literature that suggests in-home care delivery produces superior outcomes, and this is consistent with our experience. To date, we have produced over $20 million in medical cost savings and our results are amplified by our ability to create optimized care plans while viewing, first-hand, the patient’s surroundings and social determinants of health. This model is needed in every market across America. We are very excited to have Alta and Questa as our partners. They understand healthcare and are committed to the belief that the future of care delivery is in the home.”
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