Overview

Recora focuses on improving heart health through technology and personalized care for patients who have experienced cardiac events or are at risk of heart disease. The company offers a tech-enabled platform that provides continuous support, including personalized tools, educational resources, and access to a multidisciplinary care team, allowing patients to recover from home. Recora partners with healthcare stakeholders like health systems and medical groups to integrate its services into existing cardiac care programs, enhancing patient outcomes. Its subscription-based model ensures a steady revenue stream while promoting better patient engagement and health results. Recora aims to redefine heart health by combining technology with personalized care to help patients lead healthier lives.

Simplify's Take

What believers are saying

• Growing demand for telehealth boosts Recora's virtual cardiac rehabilitation services.
• Aging U.S. population increases need for home-based heart health solutions.
• AI integration in healthcare enhances Recora's personalized care and operational efficiency.

What critics are saying

• Competition from established telehealth providers like Teladoc Health is intensifying.
• Regulatory scrutiny on virtual healthcare services could impact Recora's operations.
• Maintaining patient engagement in virtual programs remains a significant challenge.

What makes Recora unique

• Recora offers home-based cardiac recovery, a unique approach in heart health care.
• The platform integrates personalized care with technology, enhancing patient recovery experiences.
• Recora's partnerships with healthcare providers expand its reach and service offerings.

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Funding

Total Funding

$20M

Above

Industry Average

Funded Over

1 Rounds

$20,000,000

Series A

Mar 2022

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

$20M

$30M