IntusCare, a leader in predictive analytics for geriatric care, has successfully raised $11.5 million in strategic follow-on financing, bringing its total funding to over $27 million. This significant investment, led by Deerfield Management with contributions from Citi Impact Fund and Jumpstart Nova, reflects the market's strong belief in IntusCare's potential to innovate senior healthcare through technology.
The funding will primarily support the introduction of CareHub, a groundbreaking care management platform aimed at solving key issues within Programs of All-Inclusive Care for the Elderly (PACE) and similar value-based care models. CareHub is designed to alleviate administrative pressures, unify fragmented data systems, and deliver practical insights for care teams, thereby enhancing the quality of care for seniors with intricate health needs.
Robbie Felton, CEO and co-founder of IntusCare, highlighted the platform's role in advancing care precision and efficiency for the elderly. Although initially focused on PACE programs, the company has plans to extend its innovative solutions to Accountable Care Organizations and Special Needs Plans, broadening its impact on senior healthcare.
This investment not only underscores the escalating significance of technology in healthcare but also its potential to address the needs of the most vulnerable senior populations. Ryan Alam of the Citi Impact Fund pointed out how IntusCare's technology could revolutionize care delivery by equipping providers with sophisticated administrative, financial, and clinical tools.
Dr. Julian Harris from Deerfield Management commended IntusCare's forward-thinking, AI-driven strategy, anticipating its widespread influence across various healthcare markets. The additional funds will fuel further product development, market expansion, and AI research, all aimed at refining the user experience for healthcare professionals.
Since its inception in 2019 by Brown University students, IntusCare has quickly established itself as a pioneer in geriatric care technology. The company is dedicated to improving health outcomes for dual-eligible seniors, a group that faces some of the most challenging health and social vulnerabilities within the U.S. healthcare system. For more information on IntusCare's innovative solutions, visit https://www.intuscare.com.
