Overview

Accompany Health provides a range of medical, mental health, and social care services, focusing on individuals whose insurance covers these services at no cost. The company aims to deliver personalized and integrated care solutions, assisting clients with medical issues, mental health support, and social services like housing and food. By leveraging insurance coverage, Accompany Health ensures that most clients can access these services without out-of-pocket expenses, promoting inclusivity in healthcare. The company collaborates with legal advisors for additional support, although some services may incur charges. Revenue is generated primarily through insurance reimbursements, and by working closely with clients' healthcare providers, Accompany Health creates a seamless care experience. The goal is to enhance the quality of care and build long-term relationships with clients, making healthcare more accessible and affordable.

Simplify's Take

What believers are saying

• Telehealth expansion enhances accessibility for underserved patients.
• Value-based care models align with Accompany Health's comprehensive care approach.
• AI integration improves personalized care and chronic illness management.

What critics are saying

• Increased competition from startups like Heal and DispatchHealth.
• Potential changes in insurance reimbursement policies affecting revenue.
• Rising operational costs due to inflation impacting service affordability.

What makes Accompany Health unique

• Accompany Health offers comprehensive in-home care in underserved regions.
• The company provides integrated medical, mental health, and social care services.
• Accompany Health leverages insurance to offer services at no out-of-pocket cost.

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Funding

Total Funding

$56M

Above

Industry Average

Funded Over

1 Rounds

$56,000,000

Series A

Jan 2024

Series A funding typically happens when a startup has a product and some customers, and now needs funding to scale. This money is usually used to grow the team, expand marketing, and improve the product. Venture capital firms are frequently the main investors here.

Series A Funding Comparison

Above Average

Industry standards

Ind Avg. $15M

$3.7M

$5M

$8.2M

$15M

$30M

$56M