On-demand Healthcare Service, Ready, Raises $54 Million in Series C Financing

·3-min read

The company continues to expand its clinical services and advance its technology to better service patients most in need

Ready, an on-demand healthcare service, today announced that it closed $54 million of new funding to finance the expansion of its operations and clinical programs that bring medical care directly to patients in their homes. GV, Deerfield Management Company, City Light Capital, Town Hall Ventures, Frist Cressey Ventures and others have invested over $100 million across two funding rounds in less than a year.

The financing enables Ready to continue strengthening its operations in the midst of rapid expansion throughout 2020. Ready’s care team consists of an on-demand network of Responders (trained EMTs, paramedics and nurses) who arrive on-scene combined with a multidisciplinary group of Clinicians (doctors and nurse practitioners) addressing patients’ needs via telehealth. The unique care model offers on-demand, non-emergent medical care for patients in the home, continuity of care for patients discharged from an acute facility and more longitudinal care for patients with complex or chronic conditions.

"Ready’s growth echoes the desire in communities across the country to receive quality healthcare from the comfort of their home," said Justin Dangel, Ready's Founder and CEO. "We’re able to deliver this unique healthcare experience thanks to our incredible team of professionals who have set a new standard for in-home care. With this financing, we can expand our service offerings, bring more quality care directly to more patients and keep building a team of talented individuals who share our values and believe in our mission."

Amidst the ongoing pandemic, Ready’s Responders have been on the frontlines making in-home visits to patients who need COVID-19 testing in the hardest hit communities. The populations Ready serves primarily consist of Medicaid beneficiaries, and patients dually eligible for Medicare and Medicaid. The Ready model will grow to include mental health, expanded point-of-care testing, vaccinations and new approaches to improve care quality for patients and payor partners. Ready’s Responders and Clinicians combine to provide a convenient, safe and effective healthcare alternative for patients.

"Ready is providing care to those who need it, when and where they need it, increasing access to quality care for patients, including some of the most vulnerable in our communities," said Josh Cohen, Co-founder and Managing Partner of City Light Capital. "Being able to provide care within a patient’s home allows Clinicians and Responders to better understand the health setting, alongside social determinants, to care for the whole person and target each patient’s individual needs. We are excited to continue partnering with Ready to close care gaps nationwide."

Ready currently serves patients in New York, Los Angeles, Miami, Washington, D.C., Baltimore, Maryland, Reno and Las Vegas, Nevada, and New Orleans, Baton Rouge, Shreveport and Houma, Louisiana.

To learn more about Ready, its leadership team, and how the company is responding to COVID-19, visit www.getready.com, follow Ready on LinkedIn, Twitter and Facebook or call (504) 370-9966.

About Ready

Ready is an on-demand health service that delivers care to its patients in their homes or communities. Ready accomplishes this with a team of highly trained health professionals which we call Responders. During each visit, the Responder connects the patient to a doctor or nurse practitioner who provides treatment using video conferencing. Ready is a convenient, fast, and affordable solution that reduces overall health costs and delivers more positive outcomes. Investors include GV, Deerfield Management Company, City Light Capital, Town Hall Ventures, and Frist Cressey Ventures, among others. Learn more at getready.com.

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Georgia Walker