TLDR:
- Better Health secures $14 million in strategic funding to enhance medical supply and support services and expand AI capabilities.
- The investment round was led by Healthworx, UHealth – University of Miami Health System, and Mosaic General Partnership.
Better Health, a peer-to-peer medical supply and support provider, has announced the acquisition of $14 million in strategic funding. This latest investment round, led by Healthworx, UHealth – University of Miami Health System, and Mosaic General Partnership, brings the company’s total funding to $27.5 million. The funding will be utilized to improve medical supply and support services, expand AI capabilities, and cater to the needs of individuals with chronic conditions. Co-founded by Naama Stauber Breckler and Adam Breckler, Better Health plans to extend its reach to payers, providers, members, and patients across 48 states. With a strong focus on building partnerships with managed care, payers, health systems, and referral providers, the company aims to streamline processes and enhance efficiency by incorporating different AI capabilities into their services.
In an environment where venture capital investment is dwindling, Better Health’s success in securing additional funding highlights their evidence-based approach and traction in the market. Despite the challenges, the company managed to attract investors by focusing on those with a deep understanding of the complexities of the health care sector and a willingness to invest in regulatory aspects and lengthy processes. The $14 million funding influx will allow Better Health to continue growing and expanding its services to better serve its stakeholders, setting a solid foundation for future success in the field of medical supply and support services.
