WelbeHealth

WelbeHealth

Comprehensive care services for seniors

About WelbeHealth

Simplify's Rating
Why WelbeHealth is rated
B
Rated C on Competitive Edge
Rated B on Growth Potential
Rated A on Differentiation

Industries

Healthcare

Company Size

501-1,000

Company Stage

Series C

Total Funding

$61.2M

Headquarters

Menlo Park, California

Founded

2015

Overview

WelbeHealth provides comprehensive care specifically designed for older adults, focusing on those who need personalized medical and social services. The company uses the PACE (Program of All-Inclusive Care for the Elderly) model, which integrates various services such as medical care, physical therapy, social activities, and transportation for seniors who prefer to live at home rather than in nursing facilities. Each patient receives an individualized care plan that is developed in collaboration with them and their families, ensuring that the care aligns with their personal goals and values. WelbeHealth differentiates itself from competitors by its dedicated focus on the senior population and its experienced leadership team, which includes professionals with extensive backgrounds in geriatric care. The company's goal is to enhance the quality of life for elderly clients, helping them maintain their independence while receiving the necessary support.

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Simplify's Take

What believers are saying

  • Telehealth expansion enhances remote consultations and monitoring for seniors.
  • AI technologies improve predictive analytics and personalized care in elderly care.
  • Community-based health initiatives align with WelbeHealth's comprehensive care mission.

What critics are saying

  • Increased competition from other PACE providers in California.
  • Rising operational costs due to inflation and increased wages.
  • Potential changes in Medicare and Medicaid reimbursement rates affecting revenue.

What makes WelbeHealth unique

  • WelbeHealth uses the PACE model for comprehensive senior care.
  • The company offers integrated medical, social, and long-term care services.
  • WelbeHealth collaborates with patients and families for personalized care plans.

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Funding

Total Funding

$61.2M

Below

Industry Average

Funded Over

4 Rounds

Series C funding is usually for startups that are doing well and are looking for more money to fuel major growth, such as acquiring other companies, expanding into global markets, or launching new product lines. Investors typically include larger venture capital firms and private equity.
Series C Funding Comparison
Below Average

Industry standards

$50M
$40M
Figma
$50M
Medium
$62M
SeatGeek
$100M
Oura

Growth & Insights and Company News

Headcount

6 month growth

1%

1 year growth

1%

2 year growth

3%
PR Newswire
Jul 8th, 2024
Welbehealth Continues California Expansion With Opening Of New Pace Centers In Riverside And Coachella Valley

In addition to the new Riverside and Coachella Valley centers, WelbeHealth operates programs in the cities of Modesto, Stockton, San Jose, Fresno, Pasadena, North Hollywood, Rosemead and Long Beach. All locations deliver fully integrated care, allowing frail seniors to age in place with the support of interdisciplinary teams, including doctors and nurses, physical therapists, home care aides, and social workers. Wrap-around support like meals, social activities, and transportation address social determinants of health."WelbeHealth's mission is to serve the most vulnerable seniors with better quality and compassion. We do this through the work of our dedicated care teams and our courage to love culture that values every employee and participant in our care," said Si France, MD, Founder and CEO at WelbeHealth. "We are honored to serve Riverside and the Coachella Valley, enabling access to care that will have ripple effects in these communities."Services began on July 1 and both centers are currently enrolling new participants. *Over 12,000 PACE-eligible seniors reside within the combined service area of the two centers, and this number is anticipated to increase

PR Newswire
Mar 12th, 2024
Welbehealth Announces New Chief Operating Officer

"Becca's extensive experience leading operations of value-based community health services for seniors makes her uniquely qualified to advance WelbeHealth's PACE program and mission of serving the most vulnerable seniors with better quality and compassion," said Matt Patterson, M.D., President of WelbeHealth."As COO, Rose will partner with Chief Medical Officer Dr. Michael Le, who she previously worked with at Landmark Health, to lead WelbeHealth's PACE operations, delivering community-based services across beautiful center locations and in the home and leveraging WelbeHealth's proprietary tech-enabled care delivery processes. She will ensure consistent, high-quality care and service excellence as the organization expands access to seniors who need PACE.Rose is a seasoned healthcare operations leader, most recently serving as COO of the Optum Home-Based Medical Care business. She joined Optum as part of its acquisition of Landmark Health, the nation's largest provider of in-home value-based care. Rose oversaw tremendous growth in the organization's scalable national service capacity for frail senior populations."Through my professional roles as well as personal experience serving hospice patients, I understand the needs of seniors and their family caregivers for higher quality community-based care," said Becca Miller Rose. "I am excited to address these needs for our most vulnerable populations through expanding access to PACE as WelbeHealth's operational leader."The PACE model consistently delivers exceptional health outcomes and cost-effectiveness through comprehensive health and supportive services for seniors

PR Newswire
Nov 2nd, 2023
Elected Officials And Health Care Advocates Demonstrate Support For Welbehealth'S Expansion In Southern California

LINK TO IMAGES HERESpeakers at the events included US Rep. Tony Cárdenas (CA-29), CA Sen. Susan Rubio, CA State Assemblymembers Luz Rivas and Mike Fong, Rosemead City Council Member Sandra Armenta, Rosemead Mayor Pro Tem Margaret Clark, Alzheimer's Association Regional Leader and Executive Director Meg Barron, and LeadingAge CA President & CEO Jeannee Parker Martin. WelbeHealth participants Ronald Timmermeyer and Huy Luong also gave testimonials about the positive impact WelbeHealth has made in their lives."We are honored to have the support of such esteemed elected officials and community leaders. Our team strives every day to serve the elders of our community like Mr. Timmermeyer and Mr

PR Newswire
May 18th, 2023
Welbehealth Announces New Chief Medical Officer And Chief Information Officer

MENLO PARK, Calif., May 18, 2023 /PRNewswire/ -- Physician-led organization WelbeHealth , the California-based Program of All-Inclusive Care for the Elderly (PACE), announced two industry veterans as its newest executives: Chief Medical Officer, Dr. Michael Le, and Chief Information Officer, Bindu Purushothaman. Both will play a pivotal role as WelbeHealth expands its mission to serve the most vulnerable seniors with better quality and compassion."It is a momentous occasion to welcome a Chief Medical Officer and Chief Information Officer with such extensive experience who are also aligned with our mission and values," said Matt Patterson, MD, President of WelbeHealth. "Dr. Le's proven track record of improving the lives of complex seniors and Ms. Purushothaman's significant experience transforming technology for healthcare organizations will have a lasting impact as WelbeHealth delivers excellent PACE services at scale."As Chief Medical Officer, Dr

WelbeHealth
Jan 5th, 2023
WelbeHealth Deepens Commitment to Serving Seniors with Executive Hires

Physician-led healthcare organization WelbeHealth has added two seasoned executives to its leadership team: Chief Mission Officer Amy Shin and Chief People Officer Cathy Fraser.

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