DUOS, a technology-enabled service supplier, has raised $130 million to increase its platform to extra well being plans throughout the nation, it introduced on Thursday.
The Minneapolis-based firm helps sufferers and their caregivers by addressing health-related social wants and connecting members to care. As soon as contracted with a well being plan, DUOS reaches out to eligible members through textual content, e-mail or mail to tell them of the profit and invite them to enroll. Members can then share their prime social and care-related wants — similar to entry to meals or transportation — and DUOS connects them with related sources and suppliers primarily based on their protection, location and particular person circumstances.
The $130 million in funding was led by FTV Capital and included participation from Forerunner Ventures. In complete, the corporate has raised $163 million.
“Most well being tech guarantees to enhance engagement, however DUOS truly proves it, with actual completion charges and measurable influence,” mentioned Alex Mason, associate at FTV Capital, in an announcement. “At FTV, we’ve spent a long time investing in healthcare innovation, and DUOS stands out for leveraging AI to construct the vital infrastructure well being plans must function effectively and enhance member outcomes at scale. We’re thrilled to help the corporate in constructing on its spectacular momentum and driving the platform’s continued growth.”
With the funding, the corporate will primarily spend money on advancing its platform and enhancing its AI capabilities, in accordance with Karl Ulfers, CEO and co-founder of DUOS.
“For instance, DUOS will proceed to increase its agentic use of AI to automate the ultimate mile of presidency packages, advantages navigation, and appointments for preventative care and develop AI/ML-driven fashions that assist establish sufferers in want of income-based packages, scientific care coordination, and improved entry to high quality of care,” he mentioned in an e-mail.
As well as, the corporate is utilizing the funding to increase to extra well being plans, together with Medicare Benefit, Medicaid and Reasonably priced Care Act market plans.
Alongside the funding, DUOS introduced that Jenn Kerfoot has been promoted to president of market operations to “proceed advancing industrial success and positioning DUOS because the working layer to drive each member engagement and measurable plan efficiency leveraging AI,” the press launch said. Kerfoot was beforehand the chief technique and progress officer.
DUOS’ announcement comes as many authorities plans face vital finances cuts. The corporate is poised to help members throughout these cuts, Ulfers beforehand informed MedCity Information.
“In each sector of Medicare Benefit, prescription drug plans and Medicaid, all these plans are going to vary over the subsequent couple of years, and that’s going to create an unbelievable quantity of confusion,” he mentioned. “We wish to be that voice of simplicity and entry for the older adults of this nation to know what’s altering and the way they will make sure that they proceed to get unbelievable high quality of care.”
Corporations that supply comparable providers to DUOS embrace mPulse and Cleo.
Photograph: StockFinland, Getty Photographs
