WelbeHealth delivers coordinated, value-based care to medically frail, Medicare-Medicaid eligible seniors through comprehensive Programs of All-Inclusive Care for the Elderly (PACE). The company leverages industry-leading technologies to support highly coordinated interdisciplinary care teams and a service-oriented approach to individual patients' health and social needs. WelbeHealth's model aims to keep patients in their homes and out of hospitals, nursing homes, and other care facilities. The team is led by co-founder and CEO Si France and was founded by a group of physician entrepreneurs; the company is Silicon Valley–based with Menlo Park, California cited in its filings. WelbeHealth plans to open its first PACE organization to serve the Stockton and Modesto, Calif. area, described as the largest region in California without a PACE program. Services to be provided include primary care, physical and occupational therapy, social services, and dentistry. WelbeHealth is a Silicon Valley–based healthcare services company founded by physician entrepreneurs to serve vulnerable seniors with higher-quality, compassionate, value-based care. It delivers coordinated, interdisciplinary care to medically frail seniors, leveraging industry-leading technologies to support care teams and address comprehensive health and social needs. The company is preparing to launch several value-based care models, including Programs of All-Inclusive Care for the Elderly (PACE), targeting high-risk, dual-eligible populations. Within PACE populations the article cites the average participant is 77 years old, has 15 medical conditions, and is impaired in several activities of daily living, underscoring the high acuity WelbeHealth targets. 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 announced a $15 million Series A led by F-Prime Capital and .406 Ventures.

Total raised

$30M

Funding rounds

2

Latest round

Series B

Latest activity

Jun 2018