Redesign Health has taken a different approach to fueling innovation in health care, the American Hospital Association reports. Unlike most venture capital funds, Redesign Health focuses solely on health care companies whose innovative solutions can be scaled. In other words, health care is not a component of its business — it is the business.
The company recently raised $65 million in its latest funding round, led by General Catalyst, and included investments from CVS Health Ventures, UPMC Enterprises and others. Redesign Health has helped fund telehealth apps, health care fintech companies and comprehensive care platforms. In all, the company has raised $315 million in funding.
Founded in 2018, the company is a hub to create health care companies from within. It’s somewhere between an incubator and a venture capital firm, notes a recent Crunchbase News report. A differentiating factor in Redesign Health’s approach is that it makes all the key decisions about any offshoots that spin out of it.
Many of Redesign’s 20 companies use comprehensive care to treat acute conditions. Read more.
