Louisville, Ky. – Edumedics, a healthcare delivery company that provides a complete care management solution for individuals who have—or are trending toward—diabetes and other chronic conditions, has closed $4.2 million in Series A financing.
Edumedics will use the growth capital to expand to other states from its core populations in Kentucky and Maine. The funding will also accelerate the company’s unique offerings to Medicare groups who are challenged to achieve quality measures that impact HEDIS scores and Star ratings.
“Our healthcare system is ill-equipped to meet the challenges of affordability and to properly care for people trending toward chronic conditions,” said lead investor Bruce Lunsford of Lunsford Capital. “I am very impressed with the early results the Edumedics team has delivered for its clients—they are innovating with their proactive approach to care for those who have chronic conditions and are also providing a solid ROI for their clients.”
Edumedics offers an innovative health care delivery model for populations like self-insured employers and Medicare Advantage groups. They put Nurse Practitioners face-to-face with individuals who have the daily challenge of managing diabetes and other chronic conditions—or who are trending in that direction. The Edumedics clinical team uses the company’s proprietary Healthward™ technology at the point of care. Results over the past four years show the company’s delivery model has clearly improved health and reduced costs for the groups they serve—up to a 15% reduction in yearly costs for clients enrolled in their programs, with significant improvement in clinical outcomes. For one client, diabetes improvement exceeded 52% among the most at risk members.