Imagine Pediatrics Secures Major Funding for Growth
Funding to enhance virtual and in-home healthcare access for children with specific health care requirements is underway. This substantial investment of $67 million aims to elevate the quality of pediatric care provided.
Key Investors and Financial Backing
The funding round involves ongoing support from key investors including Oak HC/FT, Optum Ventures, and Rubicon Founders, along with new investments from the Autism Impact Fund and other partners, ensuring a robust financial base for further expansion.
The Mission of Imagine Pediatrics
Founded in 2022, Imagine Pediatrics is dedicated to serving approximately 40,000 children through a comprehensive medical, behavioral, and social care model. This investment will significantly bolster the company's expansion efforts, advancing their proprietary technology platform and driving clinical innovations aimed at bridging care gaps.
Impact on Pediatric Healthcare
In the United States, about one in five children require specialized health care, leading to a substantial portion of pediatric healthcare expenditures. By providing unlimited access to multidisciplinary care teams, Imagine Pediatrics addresses these challenges effectively, collaborating with existing providers to cover a wide range of services, including pharmacy support and social services.
Benefits of Value-Based Care Partnerships
Imagine Pediatrics has recorded remarkable success through value-based partnerships with leading health plans, completing nearly 300,000 patient visits in a little over two years. This success resulted in lessened dependence on emergency departments, reduced hospital stays, and savings of over $65 million for their partners in just one year.
Testimonials from Leadership
George Boghos, the CEO of Imagine Pediatrics, stated, "This investment strengthens our ability to scale proven, innovative care models that expand access, improve outcomes, and lower costs for children with special health care needs and their families." He emphasized the partnership with investors who share their mission of creating a more inclusive pediatric care ecosystem.
Community and Innovative Support
Chris Male, Co-Founder and Managing Partner of the Autism Impact Fund, expressed his excitement about their strategic investment, stating, "We are proud to support Imagine Pediatrics as they continue to expand their reach into underserved populations and positively influence pediatric healthcare." This collaboration will nurture the company's growth trajectory and increase impact.
About Imagine Pediatrics
Imagine Pediatrics is a tech-driven pediatric medical group providing around-the-clock virtual and in-home care. Their focus on value-based care equips multidisciplinary teams to meet the unique needs of children with special health care needs. They strive for fewer hospitalizations and improved health outcomes, ensuring that families receive excellent care and support.
Media Contact
For more information, reach out to Yancey Casey from Amendola Communications, contacting on behalf of Imagine Pediatrics at (678) 895-9401.
Frequently Asked Questions
What is the purpose of the $67 million funding?
The funding aims to enhance virtual and in-home care access for children with special health care needs and to drive clinical innovation.
Who are the main investors in this funding round?
Key investors include Oak HC/FT, Optum Ventures, Rubicon Founders, and the Autism Impact Fund, among others.
How many children does Imagine Pediatrics currently care for?
Imagine Pediatrics currently cares for approximately 40,000 children through their integrated care model.
What types of services does Imagine Pediatrics provide?
They provide a wide range of services including pharmacy, nutrition, behavioral health support, and social services to meet the needs of children with special health care requirements.
How has Imagine Pediatrics performed in terms of patient encounters?
In just over two years, Imagine Pediatrics has completed nearly 300,000 patient encounters, demonstrating their commitment to improving access and outcomes in pediatric care.
