Honor, a tech-savvy private duty startup, is pumping newly secured $50 million in funding into the expansion of an existing partner network, according to a MedCity News report.
Last year Honor started focusing on forming partnerships with traditional home care agencies. Partnerships involved giving agencies access to the company’s proprietary technology while taking over caregiver management and back office functions, Nita Sommers, president of Honor’s enterprise business, told DecisionHealth in November 2017.
The influx of investor cash will be used to further invest in partnerships with agencies and providers, local hospitals, payers and Medicare Advantage plans, Sommers told MedCity News.
Honor has added seven home care agency partners to its Honor Care Network in recent months and is looking for new partners in California, Texas and New Mexico, according to a report from the PE Hub Network.
Sommers tells MedCity News that “in the past year Honor has shifted away from providing a caregiver-on-demand service and evolved into one that supports home healthcare providers.”