Contessa Health operates a turnkey Home Recovery Care model that combines the essential elements of inpatient hospital care—acute, post-acute, and surgical care—with administrative support and a proprietary health informatics platform delivered in patients’ homes. The company positions its service as a risk-based model intended to provide equal or better outcomes at lower cost and higher patient satisfaction. Contessa’s solution is marketed to health systems and health plans seeking to treat eligible patients without hospital admission. Founded in 2015 and based in Nashville, Contessa emphasizes evidenced-based clinical models and end-to-end operational support. The company intends to use newly secured financing to support continued adoption and deployment of hospital-level care in the home. No revenue or user metrics were disclosed in the article. Contessa Health creates and manages episodic risk arrangements and home hospitalization programs for Commercial and Medicare Advantage health plans. It combines a proprietary analytics and claims platform, ContradoClaim™, with an evidence-based clinical model and managed services called ContessaCare™. The company provides both clinical support to providers and administrative/technology services to payers to enable prospective bundled risk arrangements. Contessa has seen significant demand from health plans and systems for its ability to adjudicate prospective bundled payments and reduce spend while improving outcomes. The company closed a $7 million Series B to scale operations and expand into new markets. Management and investors say the platform helps providers and plans lower costs, improve clinical outcomes, and deliver a better patient experience under alternative payment models. Contessa Health creates and manages home hospitalization programs that provide in-patient level acute care in a home environment. Its clinical model is supported by administrative services and a proprietary claims-processing and analytics platform, ContradoClaim™, to operate programs under prospective bundled payment arrangements. The company partners with physicians to shift complex surgical cases and chronically ill patients to home-based recovery, aiming to improve outcomes and reduce costs. Management says the combined clinical, administrative and technology offering enables efficient deployment of home hospitalization programs with bundled payments. The company announced a Series A financing to expand and grow its program meaningfully. Contessa frames its model as a patient-centered alternative to traditional inpatient care.

Total raised

$11M

Funding rounds

3

Latest round

Equity

Latest activity

Oct 2016