OFFOR Health, a company that provides on-site clinical services to dental and medical practices, recently raised $9 million in Series A funding. AXA Venture Partners led the Series A round, with MBX Capital, SpringRock Ventures and LOUD Capital also investing in the startup. The Columbus, Ohio-based company has raised $15 million to date.
The Series A funding will be used to develop and expand OFFOR’s last-mile care delivery model, which will require on-site medical delivery in various areas. closure Already serving in Tennessee, Kentucky and Illinois.
In particular, the company is also targeting pediatric practices, providing anesthesiologists, registered nurses, medications, and equipment needed for surgery so that medical practices can operate in-house. It aims to reduce procedure wait times and increase access to care by providing such services outside hospital operating rooms.Also, OFFOR is Smile MDwhich provides in-office anesthesia services to dental clinics.
“There are groups that want to address this access challenge, but they are geographically restricted or grow as small businesses with a few startup providers [versus us] Being able to invest in logistics, technology and clinical quality opens up opportunities for a wider range of suppliers who want to offer their craft but everything is looked after like walking into any other operating room,” CEO Saket Agrawal said OFFOR Health, in an email forwarded by a representative. “Other competitors focus on specific areas of care. OFFOR is focused on bringing great providers to the table by providing them with the best experience and matching patients with access challenges. “
OFFOR aims to use the funds to help patients in rural areas. Additionally, it sees its services as a way to get patients to the treatment they need faster, especially as hospitals are still recovering from performing only basic procedures during the pandemic and the resulting backlog of treatment requests.
According to Agrawal, waiting times for required procedures, such as oral surgery, can be more than six months before OFFOR, which can be compounded by the longer drive to the hospital for people in remote areas.
Manish Agarwal, general partner at AXA Venture Partners, said in a Press Releases“They have done an excellent job serving a very needy pediatric Medicaid patient population. That vision, combined with the clinical knowledge of the founding team, tells us that they are not only making a difference in the ever-changing landscape of healthcare, but making a real difference patients’ lives.”
Agrawal went on to add:
“During the pandemic, we have seen a dramatic increase in pediatric surgery wait times,” Agrawal said in the release. “Technology-enabled care delivery is an area of innovation we see across the healthcare industry, but we believe the work we do can make a real difference. By saving patients, providers and payers time, money and resources, we are Seize the opportunity to improve the quality of healthcare for people across the country.”
To date, OFFOR claims to have saved 45,000 months of waiting time. The company also touts that it has saved patients a cumulative 600,000 in travel miles.
There is also a cost part. By moving procedures outside the operating room, the company hopes to save money for the entire system. According to the press release, OFFOR expects these benefits to extend to its last-mile care delivery model as well.
OFFOR sees itself as the Uber of medical and dental clinics: Clinics can order services that need to be delivered to their clinics, mirroring how Uber sends cars to people who need transportation.
“We work with payers and communities to find patients who have difficulty accessing health care and then overuse emergency rooms, operating rooms, prescription drugs and other locations, driving up the cost of care. We then provide opportunities for providers, by providing A ‘super-smart’ model of clinical care is provided to fill this gap, but with an emphasis on clinical quality and oversight,” Agrawal said. “This allows suppliers to own their own schedules and practice their craft without the overhead and bureaucracy of various systems and without being a business owner worrying about HR, claims, etc.”
Image credit: Chennapong, Getty Images
