SteelSky Ventures Invests in myLaurel to Enhance Home Care Services
SteelSky Ventures has teamed up with Deerfield Management and Google Ventures to revolutionize acute care in the comfort of patients' homes.
This investment is crucial as myLaurel aims to expand its innovative hospital-aligned care model across the nation, particularly benefiting patients in need of specialized treatment.
As healthcare systems grapple with increasing demand, overcrowded emergency rooms, and a shortage of medical staff, myLaurel's approach presents an effective solution. The company offers a technology-driven platform, capable of delivering high-acuity, hospital-level care right at home, which is vital for patients who require continuous monitoring without the hassle of hospitalization.
The core of myLaurel’s service is its state-of-the-art AI infrastructure. This advanced technology facilitates real-time logistics, protocol adherence, and provides virtual medical guidance, ensuring that patients receive timely and efficient care tailored to their needs.
Operating in key markets such as New York City and New Orleans, myLaurel collaborates with renowned health systems, including Ochsner Health, LCMC Health, and Maimonides Medical Center. They report impressive metrics, including a 49% decrease in hospital readmissions and a 6-to-1 return on investment for their healthcare partners, alongside high patient satisfaction ratings.
Maria Toler, founding and managing partner at SteelSky Ventures, expressed her enthusiasm about the collaboration, stating, "myLaurel is transforming a complex area of healthcare by implementing an effective, data-driven model that allows for hospital-level care at home. This partnership will help extend their reach, providing safer and more personalized care to more patients across the nation."
The investment aligns perfectly with myLaurel's next growth phase. According to Moses Adubi from Deerfield Management, SteelSky's vast healthcare network and industry expertise will significantly aid myLaurel in connecting with more health systems and patients, enabling broader access to their innovative services.
myLaurel is run by seasoned professionals in the healthcare industry. CEO Juan Vallarino, known for his experience in scaling care models, and President & Chief Medical Officer Marcy Carty, who brings extensive expertise in clinical operations, are committed to pushing the envelope in healthcare delivery.
Juan Vallarino highlights their mission stating, "Our goal is to ensure hospitals can deliver the right care at the right time in the right place. With the support of SteelSky, we can grow swiftly while upholding the quality and patient experience standards that are at the heart of our mission."
SteelSky Ventures focuses on making transformative investments in healthcare, particularly in companies that utilize technology and AI to enhance healthcare delivery. They are dedicated to improving patient access and outcomes across the healthcare spectrum. Their vision supports health innovations that efficiently connect different facets of care delivery and management.
myLaurel continues to lead the charge in modernizing healthcare by delivering in-home care that combines technology with expert medical oversight, targeting complex and medically vulnerable patients. Their efficiency not only broadens healthcare capacity but also aids in lowering costs while ensuring exceptional patient experiences.
Frequently Asked Questions
What is the main focus of SteelSky Ventures' investment?
SteelSky Ventures is focusing on advancing healthcare technologies, particularly through investments in companies like myLaurel that enable hospital-level care at home.
How does myLaurel's service work?
myLaurel provides high-acuity in-home care, leveraging AI for real-time logistics and coordinated medical oversight to ensure patients receive timely and effective care.
What impact has myLaurel had on patient readmissions?
The company has reported a 49% reduction in hospital readmissions, showcasing their effective care model.
Who leads myLaurel?
myLaurel is led by CEO Juan Vallarino and President & Chief Medical Officer Marcy Carty, both experienced in healthcare management and delivery.
Where does myLaurel operate?
myLaurel operates in significant markets such as New York City and New Orleans, partnering with several major health systems.
