A Midtown-based start up focused on at-home health care is expanding its network of provider partners. Now, venture capital is pouring in to sustain the growth.
MyLaurel, headquartered on East 53rd Street, closed a $12 million funding round led by Deerfield Management and GV, formerly Google Ventures, to help expand the list of hospitals using the service to offer home-based acute care for elderly patients and people with special medical needs.
The company uses remote telemedicine to provide physician consultations, check-ups and transitional services for people leaving an inpatient hospital stay. MyLaurel sends clinicians and nurse practitioners to the home, backed by a team of emergency and internal medicine doctors consulting remotely by video call. For up to a month after intake, the service offers phone, video and in-person consultation with the patient’s care team.
MyLaurel teams up with hospitals to provide the service to their patients. The company’s in-home service, known as Acute Care at Home and launched last year, has a number of hospital partnerships, the most robust of which is with New Orleans-based health system Ochsner Health. The new funding will be used to expand that partnership and reach new providers to work with, the company said in a statement.
The program allows patients to maintain contact with doctors outside of hospital admissions, helping improve patient health while avoiding unnecessary trips to the emergency room, according to the company and multiple hospitals it has teamed up with.
The funding announcement came weeks after the company and Borough Park-based Maimonides Health announced a collaboration to provide the service to Maimonides patients over 65 and people with chronic obstructive pulmonary disease, pneumonia and other conditions. The health system plans to expand the offering to other patients in the near future, it said in a statement.
