Cerula Care Secures $3.7 Million to Enhance Oncology Support Services
Introduction to Cerula Care's Innovative Approach
Cerula Care is making significant strides in the realm of oncology behavioral health with its recent funding achievement. The company recently announced an oversubscribed Seed funding round totaling $3.7 million, aiming to transform the experience of cancer patients. By introducing a collaborative, team-based model, Cerula Care focuses on delivering cancer-specific behavioral health services and care navigation tailored for individuals undergoing cancer treatment.
Funding Details and Investor Insights
The funding round led by Esplanade Ventures witnessed participation from notable investors including Amplify Capital, BrightEdge, DigiTx Partners, and SpringTime Ventures. The investment will not only allow Cerula Care to expand its services across more oncology practices but also enhance its patient-facing technology, thereby improving the quality of support delivered to those affected by cancer.
Empowering Founders with a Vision
Ella Seitz, Managing Partner at Esplanade Ventures, expressed a strong belief in Cerula Care's mission. She stated, "At Esplanade Ventures, we invest in and empower founders that are solving meaningful gaps in healthcare. Cerula Care's vision resonated with us, and we are proud to partner with Supriya and Kyle." This reflects the solid backing Cerula Care has from experienced investors who understand the critical need for effective behavioral health solutions in oncology.
Addressing Unmet Needs in Cancer Care
In the United States, approximately 22 million individuals are facing cancer, with over 85% of them grappling with unmet behavioral health needs. These challenges often lead to poor health outcomes and can significantly affect survival rates. Cerula Care addresses this pressing issue by integrating seamless solutions such as counseling and psycho-oncology with existing oncology practices, aimed at enriching the patient experience.
Collaborative Care Model for Better Outcomes
Cerula Care's approach stands out by ensuring that a dedicated team works alongside the oncology staff. This model ensures that every patient's needs, both cancer-related and psychological, are met comprehensively. The company's goal is to improve overall health outcomes for cancer patients through innovative care that emphasizes mental well-being in conjunction with physical health.
Impact on Patient Quality of Life
Patients involved with the Cerula Care model have reported remarkable improvements in various aspects of their health. These improvements include enhanced quality of life, reduced symptoms of anxiety and depression, and overall increased patient adherence to treatment plans. The statistics reflect a significant positive turn, as these patients experience greater alignment and coordination between their cancer care and behavioral health support.
Building Strong Team Dynamics
Timothy Finnegan, M.D., an oncologist, noted that the collaboration with Cerula Care is transforming the way cancer treatment is approached. He remarked, "Cerula Care is making my job a lot easier, focusing on all aspects of patient care, whether they are physical or emotional. This integration is where Cerula Care becomes an invaluable addition to our team." This statement underscores the importance of a cooperative model in healthcare, especially in oncology.
Future Plans and the Path Ahead
The successful completion of this funding round was preceded by an equally strong Pre-Seed round led by Flare Capital Partners and others. These ongoing investments are setting the stage for Cerula Care to scale its operations and reach a broader audience, enhancing the experience of cancer patients across different regions.
About Cerula Care
Cerula Care is pioneering collaborative behavioral health and care navigation services specifically tailored for patients dealing with cancer. By working closely with oncology practices, the organization aims to bolster quality of life and health outcomes for individuals navigating their cancer journey. For more details, interested parties are encouraged to explore more about Cerula Care's mission and services.
Frequently Asked Questions
What is Cerula Care's mission?
Cerula Care aims to improve the behavioral health and care navigation experience for cancer patients through a collaborative team approach.
How much funding did Cerula Care raise?
Cerula Care successfully raised $3.7 million in an oversubscribed Seed funding round.
Who were the investors in this funding round?
The funding round was led by Esplanade Ventures and included contributions from Amplify Capital, BrightEdge, and others.
What services does Cerula Care offer?
Cerula Care offers counseling, health coaching, and psycho-oncology services to support cancer patients’ mental health along with their physical treatment.
How does Cerula Care improve patient outcomes?
By integrating behavioral health support with oncology care, Cerula Care has shown statistically significant improvements in patients' quality of life and adherence to treatment plans.
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