TLDR:
- Tulane University’s innovation fund has invested $250,000 in Nest Health, a New Orleans startup providing home health care visits for families on Medicaid.
- Nest Health has raised a total of $15 million in early-stage investments and is currently $450,000 away from reaching its target amount of $20.5 million.
Tulane’s investment in Nest Health marks the first made by the university’s new $10 million innovation fund. Nest Health, founded by Dr. Rebekah Gee and Rebecca Kavoussi, focuses on improving outcomes and lowering the cost of care through its value-based care model. The company has seen success in reducing emergency room visits and wait times for mental health care within its network.
Apart from Tulane’s investment, Nest Health has also received funding from Ochsner Louisiana Innovation Fund and SpringTide. These investments were made possible through federal dollars aimed at supporting underserved groups like women, Black entrepreneurs, and rural communities.
Nest Health plans to use the new round of funding to expand locally and begin operations in at least two other states next year. Their goal is to provide accessible and comprehensive care to families in need, targeting those with difficulties in arranging primary care due to various constraints.
