WelbeHealth raises $15M Series A for its senior care platform

WelbeHealth will use the financing to develop its initial market and roll out new initiatives to improve the quality of care for seniors. The company is preparing to launch several innovative value-based care models, including Programs of All-Inclusive Care for the Elderly (PACE), to serve the most vulnerable dual eligible populations. Within these high risk populations covered by PACE, the average participant is 77 years old, suffers from 15 medical conditions and is impaired in several activities of daily living. WelbeHealth’s model of care will leverage industry leading technologies to support highly coordinated interdisciplinary care teams and cultivate a service-oriented mentality in attending to each individual patient’s comprehensive health and social needs.