Monogram Health, a Tennessee-based startup that offers in-home care services for patients with chronic kidney disease raised $160 million in funding. The startup plans to use the funds to fuel its expansion across the U.S.
More than one in seven adults in the U.S. are estimated to have chronic kidney disease, but most people don’t know they have it. Startup Monogram Health is looking to change this by helping people identify chronic kidney disease sooner and giving them access to clinicians to help slow its progression.
The Nashville, Tenn.-based company was co-founded just two years ago by Michael Uchrin, a former insurance executive with health choice. It recently raised $160 million in a series B funding round led by TPG Capital.
Monogram offers in-home support to patients with chronic kidney disease or end-stage renal disease. Patients are paired with a registered nurse care manager and a social worker, under the leadership of a nephrologist.
The company also claims its AI technology can proactively identify members at risk of progression from chronic kidney disease.
“Despite more than 20 percent of all Medicare spending going toward Americans with kidney disease, the population continues to grow and experience often dismal health outcomes and quality of life,” Uchrin said in a news release. “Our model of care dramatically improves health outcomes and reduces spending by delivering the care and services these individuals truly need and want, right in their own homes.”
Earlier this year, the company struck a partnership with Humana to help coordinate care for its Medicare Advantage and commercial members in four states.
With the new funding, TPG Capital Co-Managing Partner Todd Sisitsky will join Monogram’s board of directors.
“As someone who has supported a family member through end?stage renal disease, I witnessed first?hand the challenges and deficiencies that Monogram is addressing,” he said in a news release. “I couldn’t be more optimistic about the future of the company and the lives it’s changing every day.”
Humana and Frist Cressey Ventures, a fund started by former U.S. senator Bill Frist, also participated in the round (Frist is chairman of the company). Former CMS Administrator Seema Verma also joined the company’s board earlier this year.
With the new funding, Monogram plans to further its expansion across the U.S.
