Healthcare startup Matter Health has reportedly secured USD 35 million during a Series A funding round that was spearheaded by Jordan Park Group. The company, which specializes in simplifying healthcare for seniors, intends to further solve health crises for adults using fresh funds.

For those unaware, Matter Health was founded in 2021 by Mason Mercy, Scott Sohr, Austin Sohr, and Harrison Steen. The company is currently operating in four primary care centers in Tennessee and has been witnessing commendable growth.

Matter Health’s distinctive platform brings a complete healthcare solution directly to patients via different alliances with affordable housing developments where the company operates primary care clinics. These clinics are known to offer comprehensive and preventative primary care to older adults who are eligible for both Medicaid and Medicare.

The co-founder and CEO of Matter Health Mason Mercy was reported saying that the company aims to break down the barriers to complete healthcare among older adults in affordable communities. The fresh investments will allow the company to rapidly increase healthcare access to more people.

The Matter preventative care model essentially emphasizes enhancing the mental, physical, and social needs of eligible patients, with an added goal of improving long-term health at affordable costs.

According to Matter Health President Austin Sohr, the company has managed to prove that bringing holistic and convenient care to the home can result in better experience and outcomes for patients. There has also been a measurable decline in preventable hospitalization as well as ER utilization while maintaining a high patient satisfaction through a 94 Net Promotor Score.

Matter Health intends to open 30 more centers as well as expand to Michigan and Georgia by the year 2023. The new investments will be used for these expansion efforts and to enhance the company’s core capabilities in its Nashville-based Clinic Support Center.

Source Credits –

https://www.businesswire.com/news/home/20220629005711/en/Matter-Health-Raises-35-Million-in-Series-A-to-Solve-Health-Crisis-at-Home-for-Older-Adults