Welkin Health Closes $2M Seed Round, Partners with Humana’s Innovation Group

Reposted from BUSINESS WIRE

Digital health company transforming how care coordinators manage patients with diabetes

SAN FRANCISCO–(BUSINESS WIRE)–Welkin Health, a San Francisco-based company providing solutions for population health management, has announced a new partnership with Humana’s Innovation Group to support diabetes outreach for the elderly and closed a $2M round of seed funding. The seed round investors include Rock Health, Asset Management Ventures, Great Oaks VC, iSeed VC, a direct investment from iKang Healthcare Group, and Mayo Clinic.

Welkin Health’s platform supports care organizations that emphasize care coordination as a critical element of quality improvement and cost reduction. Healthcare organizations can now enable members of the care team to seamlessly manage daily outreach to hundreds of people with chronic illness through telephone, SMS, and Welkin’s smartphone app for patients.

“We founded Welkin because so much of population health management for chronic disease makes little sense today. It isn’t consumer friendly, it’s ineffective, and the solution is clear – keeping in better touch with patients to give them the support they need between visits. Humana stands out as an industry leader in helping their customers who have chronic conditions, and,the vote of confidence from Humana shows us that we’re on the right path,” explains Chase Hensel, Welkin’s CEO

The CDC reports that more than half of adults in America have a chronic health condition, and almost 90% of healthcare spending now goes to chronic disease management. In this environment, forward-thinking health insurers like Humana are investing in the programs and tools necessary to manage large populations of patients with chronic illness. What’s more, over 25% of senior citizens have diabetes, and the challenges of management are multifaceted.

“Providing diabetes education and support for senior citizens is challenging to do in a convenient and accessible way,” said Sarah Ahmad, Vice President, Consumer Health Solutions at Humana. “Humana is testing a new telephonic diabetes program in San Antonio and New Orleans that relies on the Welkin Coaching platform. The goal of this collaboration is to give patients access to personalized diabetes support to meet them where they are in their health journey.”

The seed financing round will fund the expansion of Welkin’s care coordination platform to include chronic disease care for hypertension, COPD, and congestive heart failure, and also go towards further developing tools for administrators.

About Welkin Health:

Welkin Health is a digital health company that helps organizations meet their population health goals. Our team enables providers and health plans to implement the best outreach solutions for patients with chronic illness, leading to improved clinical and financial outcomes. We foster long-term patient relationships by allowing care coordinators to focus on people rather than software. For more information, visit www.welkinhealth.com or write to us at hello@welkinhealth.com.

About Humana:

Humana Inc., headquartered in Louisville, Kentucky, is a leading health and well-being company focused on making it easy for people to achieve their best health with clinical excellence through coordinated care. The company’s strategy integrates care delivery, the member experience, and clinical and consumer insights to encourage engagement, behavior change, proactive clinical outreach and wellness for the millions of people we serve across the country.

More information regarding Humana is available to investors via the Investor Relations page of the company’s web site at www.humana.com, including copies of:

  • Annual reports to stockholders;
  • Securities and Exchange Commission filings;
  • Most recent investor conference presentations;
  • Quarterly earnings news releases;
  • Replays of most recent earnings release conference calls;
  • Calendar of events (including upcoming earnings conference call dates and times, as well as planned interaction with research analysts and institutional investors); and
  • Corporate Governance information.

Contacts

Welkin Health
Lisa Bari, 415-373-6732
media@welkinhealth.com