Dina, a Chicago start-up aiming to revolutionize the home care space with its AI-powered platform, ad On Monday, he raised $ 7 million in new funds. Series A was led by Osage Venture Partners, with participation from existing investors such as First Trust Capital Partners.
Co-founder and CEO Ashish Shah says he was inspired to create Dina in part by his late father, who spent the latter part of his life in and out of nursing homes and with home caregivers.
It just wasn’t a good experience, quite frankly, Shah told Built In. When I jumped my head out of it all, I found my story not unique. There are a lot of older people who really struggle to have a great experience. They’re often pushed into retirement homes, they come in and out of hospitals, and there isn’t a lot of information being shared.
Dina aims to change this reality by helping hospitals to better monitor and support the elderly in their homes. It does this by bringing together everything needed for quality home care, including a network of providers, telehealth tools, remote patient monitoring capabilities, and actionable information to meet the needs of a healthcare provider. given patient.
Shah describes Dina as a sort of mission control, managing all aspects of patient care so that they have the best possible experience. The platform is now used by hospitals, health insurers and home healthcare providers in 25 states.
Do the math
While the Dinas platform was originally launched in 2015, it has grown in importance amid the pandemic, as the quality of home care is more important than ever. In fact, the company says its revenue grew 250% in 2020, facilitating more than 3 million digital dialogues to help providers manage their patients’ symptoms and recover along the way.
Dina has also deployed several new digital products to help hospitals like Philadelphia-based Jefferson Health, for example, remotely interact with and monitor their patients. This same technology has been used to help home care workers monitor their own health and ensure they have the resources and equipment they need to do their jobs despite the pandemic.
[This kind of technology] is something that is going to become ubiquitous in all health care, Shah said. It is more convenient for consumers and allows them to access care on their terms. It is also a more efficient mechanism financially … It is a lower cost of care than having to enter a hospital or other care facility. I think everyone is starting to do the math on this.
Going forward, this latest round of funding will be used to accelerate the development of new products by Dinas to help people digitally monitor and manage more chronic diseases such as congestive heart failure and chronic obstructive pulmonary disease. .
Shah says the company also hopes to double its current workforce of 25, with a focus on growing its sales, marketing and product teams over the next year.
The silver tsunami
Beyond the pandemic, Shah predicts that this renewed focus on home care is here to stay, fueled mainly by the silver tsunami of baby boomers entering old age. Dina, he says, is in a privileged position to dominate this rapidly growing industry.
The rate at which baby boomers are aging in the Medicare-eligible 65 and over age group is very well documented. It happens. And it’s going to overwhelm the system, Shah said. Although people heard this and knew the numbers, I think COVID made it very obvious and speeded things up for everyone.
And it’s not just for the elderly, Shah continued. I think there is a recognition that this has to be the way health care works to move forward. It has to be practical, it has to be virtual, it has to be coordinated at home or wherever you are.
What Are The Main Benefits Of Comparing Car Insurance Quotes Online
LOS ANGELES, CA / ACCESSWIRE / June 24, 2020, / Compare-autoinsurance.Org has launched a new blog post that presents the main benefits of comparing multiple car insurance quotes. For more info and free online quotes, please visit https://compare-autoinsurance.Org/the-advantages-of-comparing-prices-with-car-insurance-quotes-online/ The modern society has numerous technological advantages. One important advantage is the speed at which information is sent and received. With the help of the internet, the shopping habits of many persons have drastically changed. The car insurance industry hasn't remained untouched by these changes. On the internet, drivers can compare insurance prices and find out which sellers have the best offers. View photos The advantages of comparing online car insurance quotes are the following: Online quotes can be obtained from anywhere and at any time. Unlike physical insurance agencies, websites don't have a specific schedule and they are available at any time. Drivers that have busy working schedules, can compare quotes from anywhere and at any time, even at midnight. Multiple choices. Almost all insurance providers, no matter if they are well-known brands or just local insurers, have an online presence. Online quotes will allow policyholders the chance to discover multiple insurance companies and check their prices. Drivers are no longer required to get quotes from just a few known insurance companies. Also, local and regional insurers can provide lower insurance rates for the same services. Accurate insurance estimates. Online quotes can only be accurate if the customers provide accurate and real info about their car models and driving history. Lying about past driving incidents can make the price estimates to be lower, but when dealing with an insurance company lying to them is useless. Usually, insurance companies will do research about a potential customer before granting him coverage. Online quotes can be sorted easily. Although drivers are recommended to not choose a policy just based on its price, drivers can easily sort quotes by insurance price. Using brokerage websites will allow drivers to get quotes from multiple insurers, thus making the comparison faster and easier. For additional info, money-saving tips, and free car insurance quotes, visit https://compare-autoinsurance.Org/ Compare-autoinsurance.Org is an online provider of life, home, health, and auto insurance quotes. This website is unique because it does not simply stick to one kind of insurance provider, but brings the clients the best deals from many different online insurance carriers. In this way, clients have access to offers from multiple carriers all in one place: this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc. "Online quotes can easily help drivers obtain better car insurance deals. All they have to do is to complete an online form with accurate and real info, then compare prices", said Russell Rabichev, Marketing Director of Internet Marketing Company. CONTACT: Company Name: Internet Marketing CompanyPerson for contact Name: Gurgu CPhone Number: (818) 359-3898Email: [email protected]: https://compare-autoinsurance.Org/ SOURCE: Compare-autoinsurance.Org View source version on accesswire.Com:https://www.Accesswire.Com/595055/What-Are-The-Main-Benefits-Of-Comparing-Car-Insurance-Quotes-Online View photos
to request, modification Contact us at Here or [email protected]