Pandya’s mindset is representative of how Sprinter Health, which specializes in delivering businesses at-home preventative healthcare services. In fact, they recently closed on a whopping $55 million of Series B funding! General Catalyst is leading the round, with support from Andreessen Horowitz and other existing investors. The funding will add operational muscle to the growing company as it works to scale its people-centric services nationwide. With this latest funding, Sprinter Health’s total capital raised to date now stands at $125 million.
Founded during the pandemic by Max Cohen and Cameron Behar, Sprinter Health operates in 18 states, a remarkable increase from just five states earlier this year. Their founders met while working on similar initiatives at Google and Facebook. They lacked any healthcare knowledge prior to founding the company. Their experience taught them that, at the height of COVID-19, there was an urgent need for healthcare to be more accessible.
And for their part, Sprinter Health has recently achieved six-times revenue growth year-over-year. This increased attention is a testimony to its powerful impact on the health care landscape. In addition to large services like vaccine distribution, the company offers other key at-home services including blood draws, diabetes eye checks, and colorectal cancer screenings. Through their effort, they’ve created a really cutting edge route simulator. This predictive tool considers traffic, weather, and parking to maximize the efficiency of their clinical resources.
These sprinters, the clinical staff, can see up to 12 patients per day. Cohen reinforced the need to make the most of every minute spent with patients. Fewer managing steps means less time wasted on logistics — a critically important benefit.
“We need to make sure that our employees are spending as much time as possible serving patients rather than driving,” – Max Cohen
Julie Yoo, a general partner at Andreessen Horowitz, recognizes the challenges in the home-based care industry, noting that many companies have struggled to find sustainable unit economics when deploying personnel into the field.
“There have been many home-based care companies that have failed because it’s really hard to make the unit economics work when you are deploying humans into the field,” – Julie Yoo
The recent funding will enable Sprinter Health to enhance its operations, ensuring that it can meet the increasing demand for at-home healthcare services. With its continued expansion and innovative solutions, Sprinter Health is positioning itself as a leader in the evolving healthcare landscape.
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