What's Happening?
Imagine Pediatrics, a Nashville-based pediatric medical group, has raised $67 million in Series B funding to expand its services nationwide. The company provides integrated, 24/7 virtual and in-home care for children with special health needs through value-based partnerships with health plans. Currently serving approximately 40,000 children, Imagine Pediatrics plans to extend its reach to 12 additional states by 2026. The funding will also enhance its AI-enabled platform to further personalize care plans.
Why It's Important?
This funding round is crucial for Imagine Pediatrics as it enables the company to expand its innovative care model, which has already resulted in significant healthcare savings and improved outcomes for children with special needs. By reducing emergency visits and hospital admissions, the company not only lowers healthcare costs but also enhances the quality of life for families. The expansion will likely increase access to specialized pediatric care across the U.S., addressing a critical gap in the healthcare system.
What's Next?
Imagine Pediatrics plans to use the new capital to roll out services in additional states, guided by opportunities with satisfied health plan partners. The company will continue to focus on value-based care arrangements, aiming to maximize health outcomes and cost savings. As the expansion progresses, Imagine Pediatrics will also invest in its technology platform to support personalized care and scale its operations effectively.
