Nest Health Secures Funding for Whole-Family Care Initiatives
Pioneer of Whole-Family Care for Medicaid Thriving and Ready for Next Clinical and Product Growth Phase
NEW ORLEANS – Nest Health has emerged as a trailblazer by providing a comprehensive solution for whole families on Medicaid, integrating medical, behavioral, and social care directly in homes. The organization has gained significant traction, especially as many children and postpartum mothers on Medicaid face challenges in accessing necessary care. This innovative model is making profound impacts on communities, even amidst a tough Medicaid environment across the nation.
In exciting news, Nest Health recently announced the closing of its Series A funding round, successfully raising over $22.5 million. This round attracted new investors like Socium Ventures, Amboy Street Ventures, Impact America Fund, Hopelab, University Growth Fund, and Luminary Impact Fund. Notably, Socium Ventures will now have representation on the Nest Health board of directors, further solidifying their commitment to the company's mission.
With this pivotal Series A funding, Nest plans to enhance its family-focused clinical offerings by employing artificial intelligence to automate care workflows and boost the efficiency of its care teams. The company aims to broaden its reach, not only in its current states but also by venturing into new territories through meaningful payer partnerships.
Tim Howe, a partner at Socium Ventures, expressed enthusiasm about this partnership, stating, "Engaging with multiple doctors can be a daunting task for many families. Collaborating with Nest aligns with our goal to support innovative models that truly meet existing challenges. Nest Health is demonstrating that family care delivered at home can significantly enhance health outcomes and lead to cost savings. The combination of clinical expertise and technological prowess positions Nest to scale effectively across the country. We are excited to foster this growth phase and anticipate making a substantial impact in the healthcare landscape together."
"At Amboy Street Ventures, we believe in investing in organizations that significantly improve care access for women and families. Nest’s innovative approach is successful because it provides comprehensive medical, behavioral, and social care at home, where it is both most necessary and most effective," stated Carli Sapir from Amboy Street Ventures. "The team's development is not only clinically valid but also operationally ready to thrive in a Medicaid landscape that typically doesn't reward innovation. We're eager to support Nest as it navigates this next growth chapter."
Understanding how Nest Health Operates
Nest's pioneering model represents the first holistic Medicaid care solution tailored for entire households, synchronizing care plans for families and eliminating the hassle of managing separate care providers for children, adults, or mental health needs. Family members receive ongoing care through in-home visits aligned with developmental stages, complemented by virtual care where appropriate. Their services encompass primary care, mental health and substance abuse treatment, social support for housing or utility challenges, round-the-clock access to clinical support, and coordinated specialty care. Additionally, Nest utilizes AI functionalities to streamline processes before, during, and after human interactions between caregivers and family members.
Dr. Rebekah Gee, CEO and Founder of Nest Health, stated, "The home setting is integral to achieving good health, and a stable home environment is essential for improving generational health outcomes. Nest Health is committed to establishing a new standard of care and providing tangible solutions for better health while eliminating access barriers for the millions of American families requiring alternative care models. We are grateful to have both new and familiar investors supporting our expansion journey."
Currently, the Nest model is delivering measurable benefits to families in the states where it operates. Some impressive data include:
- 2:1 return on investment for payer partners.
- An astounding NPS score of +98.
- A reach of 75% of families for whom the health plan previously had no viable contact information.
- A 60% decrease in emergency room usage based on pre and post-engagement analytics, verified by third-party assessment.
- More than half of payer churn reduced (55%).
- Vaccination rates that exceed state targets in Louisiana by twofold.
- In Arizona, 62% of Nest patients who received a flu shot this season had not been vaccinated the previous year.
Dr. Heather Carter, Medicaid Segment General Manager at Blue Cross Blue Shield of Arizona, affirmed the importance of Nest's model, saying, "At Blue Cross Blue Shield of Arizona Health Choice, we recognize that the best care meets families where they are. Our collaboration with Nest Health is bringing this proven, whole-family approach into neighborhoods throughout Maricopa County and rural Mohave County, where limited access to providers makes this care particularly significant. Together, we are weaving together medical, behavioral, and social services to enhance health equity for families."
About Nest Health
Nest Health stands at the forefront of value-based healthcare, primarily designed for families. The organization is dedicated to making comprehensive medical, social, and behavioral care completely accessible to America's most at-risk families via in-home engagements and comprehensive virtual support.
Media Contact:
Catherine Sanderson
Head of Marketing & Communications, Nest Health
Frequently Asked Questions
What is Nest Health's primary focus?
Nest Health focuses on providing comprehensive whole-family care for families on Medicaid, addressing medical, behavioral, and social needs directly in homes.
How much funding did Nest Health raise in Series A?
Nest Health successfully raised over $22.5 million in its Series A funding round, attracting several notable investors.
What are some key outcomes from Nest's services?
Key outcomes include a 2:1 ROI for payer partners, a high NPS score of +98, and notable reductions in emergency room utilization.
How does Nest Health perform in the current Medicaid environment?
Nest Health is demonstrating significant success in a challenging Medicaid environment, reaching underserved communities and improving health outcomes.
What innovative technologies does Nest use?
Nest Health leverages AI capabilities to enhance workflow automation and improve efficiency in care delivery.
