When folks take into consideration ladies’s well being, they typically give it some thought within the context of fertility and maternity, declared Kristen Helton, CEO of Herself Well being, a major care firm for ladies ages 65 and older. However ladies’s well being goes a lot additional than that.
“The necessity to deal with ladies’s well being all through their lives is de facto necessary,” Helton stated in an interview. “Ladies are 4 occasions extra probably than males to be identified with osteoporosis. They’re 3 times extra probably than males to have an autoimmune illness corresponding to arthritis. They’re twice as probably as males to be identified with Alzheimer’s. … This want doesn’t go away post-menopause. In truth, taking actually excellent care of ladies in these years improves their vitality and improves their life and their skill to reside independently.”
That’s why Herself Well being was created: to serve ladies and their distinctive wants as they get older. With a clinic in St. Paul, Minnesota, the startup provides preventative care, continual situation care, acute care and wellness companies. It additionally provides digital follow-up visits. After securing $26 million in Collection A financing, Herself Well being is seeking to develop its footprint, it introduced Monday.
The $26 million funding spherical was led by Michael Cline, founding managing associate of Accretive, and included participation from Juxtapose. It comes six months after Herself Well being raised $7 million in seed funding. In whole, the corporate has raised $33 million.
Cline stated he selected to put money into the corporate due to its work in enhancing take care of an underserved inhabitants.
“Herself Well being is addressing a long-neglected phase of the inhabitants with considerate, differentiated major care companies,” Cline stated in a information launch. “This strategy has the potential to essentially change the best way ladies 65+ throughout america expertise well being care and begin an extended overdue dialog concerning the distinctive well being and wellness wants these ladies have.”
With the funding, Herself Well being plans to develop its variety of clinics. It’s launching two extra clinics within the Minneapolis-St. Paul space in 2023. It can additionally enter a brand new market in 2024.
As well as, the corporate plans to develop its digital care companies, in addition to its in-person care and neighborhood engagement companies. Herself Well being will even put money into hiring extra physicians, nurses and medical assistants.
Herself Well being makes its income by contracting with Medicare plans, although it’s seeking to work with Medicare Benefit plans as effectively. Whereas the corporate is at present functioning in a fee-for-service mannequin, it goals to transition right into a value-based care mannequin sooner or later, Helton stated.
“The purpose of the corporate is to be an at-risk supplier,” Helton stated. “We’ll develop our affected person inhabitants, construct out our operational capabilities, in order that we could be a true value-based care supplier.”
Different major care firms embody Oak Avenue Well being and ChenMed, although these firms don’t have a selected deal with ladies like Herself Well being does.
Picture: kate_sept2004, Getty Pictures
