Roughly 140M births happen every year globally; each day 810 ladies die from preventable causes associated to being pregnant. Guaranteeing constant entry to maternal and new child well being by way of the continuum of being pregnant from pre-conception to post-partum is essential to enhancing outcomes. Pomelo Care is a holistic, digital well being platform that gives expectant moms with 24/7 entry to value-based look after something from vitamin to psychological well being issues. The multispecialty observe clinicians present look after not solely moms but in addition infants when they’re born, centralizing care slightly than having sufferers navigate a disparate healthcare system by way of numerous suppliers. Whereas deaths from issues throughout being pregnant, childbirth, and the post-partum interval have dropped ~40% during the last twenty years, there are nonetheless widespread inequalities throughout completely different demographic and socioeconomic profiles that the platform has the potential to treatment. Pomelo Care has partnered with main educational medical facilities, well being plans, well being techniques, and employers to make high-quality care accessible to tens of millions and to enhance outcomes whereas decreasing prices in an period the place healthcare prices are spiraling uncontrolled. The platform serves sufferers in 44 states and is on monitor to supply entry to over 2M people this yr alone.
AlleyWatch caught up with Pomelo Care Founder and CEO Marta Bralic Kerns to be taught extra in regards to the enterprise, the corporate’s strategic plans, newest spherical of funding, which brings the corporate’s whole funding raised to $33M, and far, rather more…
Who had been your traders and the way a lot did you elevate?
We raised $25M Collection A funding this yr, which follows our 2021 $8M Seed spherical. Andreessen Horowitz led each funding rounds, with further collaborating traders together with First Spherical Capital (who co-led the Seed spherical), SV Angel, Operator Companions, Allen & Firm LLC and BoxGroup. They’re joined by angel traders and healthcare business leaders together with Adam Boehler, Managing Companion of Rubicon Founders, Former Director of the Heart for Medicare and Medicaid Innovation (CMMI), and Founding father of Landmark Well being and Puneet Singh, Former Chief Progress Officer, Diversified Enterprise Group at Elevance.
Inform us in regards to the services or products that Pomelo Care provides.
Pomelo Care is a digital, multispecialty medical observe that makes use of a value-based care mannequin to deal with underlying threat components to enhance maternal and new child well being. We offer 24/7 digital look after sufferers from preconception till their child turns one.
What impressed the beginning of Pomelo Care?
I’m a mom of two. Once I had my daughter, Mia, and son, Luka, I skilled a preeclampsia scare, emergency room visits, and a large-for-gestational-age child. With just a few minutes a month with my OB/GYN, I confronted these challenges with many extra questions than solutions. Hundreds of thousands of different ladies face comparable and extra daunting points.
You don’t must look far to see the affect of the maternal well being disaster within the U.S. Being pregnant issues are on the rise, with one in ten newborns beginning their life within the NICU and cesarean births growing 41% during the last 20 years. The maternal mortality fee within the U.S. is greater than 3 times the speed in most different high-income international locations, with BIPOC ladies 2-3x extra doubtless than white ladies to die from such issues. We began Pomelo to make evidence-based care that’s confirmed to enhance these outcomes accessible. Our mission is to assist households have wholesome pregnancies and wholesome infants.
How is Pomelo Care completely different?
Pomelo’s multispecialty staff of skilled clinicians cares for moms and infants from preconception by way of being pregnant, beginning, and one yr postpartum. Our staff of OB/GYN, main care, and pediatric clinicians, psychological well being therapists, social employees, dietitians, lactation consultants, and different specialists present holistic look after sufferers spanning all the things from prenatal care to vitamin and lactation to psychological well being.
We provide a value-based digital care mannequin that pairs every affected person with a customized care staff to comprehensively deal with maternal well being inequities and the basis causes of poor outcomes. We additionally use knowledge to foretell and proactively determine threat, present holistic care leveraging evidence-based protocols and novel care packages and make 24/7 care accessible through cellphone, textual content and video.
What market does Pomelo Care goal and the way huge is it?
The US spends $111B yearly on maternal healthcare. We associate with nationwide payers, a number of of the biggest Medicaid managed care organizations within the nation, employers, and main educational medical facilities who’re on the entrance strains of the maternal well being disaster.
What’s what you are promoting mannequin?
By our direct partnerships with payers, employers, and suppliers, we offer their members, workers, and sufferers our providers at no further value to Pomelo sufferers.
How are you getting ready for a possible financial slowdown?
We’re thoughtfully investing in our staff throughout capabilities – scientific, enterprise, and know-how – to realize the expansion we’re projecting this yr.
What was the funding course of like?
As I discussed earlier, we’re thrilled to have closed our Collection A this yr with participation from our Seed and angel traders.
What are the most important challenges that you just confronted whereas elevating capital?
We discovered that what we’ve constructed and the way we’ve partnered with payers, employers, and well being techniques actually resonated with our current traders, who had been excited to steer the subsequent spherical.
What components about what you are promoting led your traders to write down the verify?
At Pomelo, we’re targeted on scaling value-based care that integrates with our current healthcare infrastructure – OB/GYNs and well being plans – to supply a frictionless expertise that drives higher outcomes for our sufferers and reduces avoidable prices.
What are the milestones you intend to realize within the subsequent six months?
We’re on monitor to cowl 2 million lives by the tip of this yr.
What recommendation are you able to supply firms in New York that shouldn’t have a recent injection of capital within the financial institution?
Focus clearly on the few issues it is advisable show for what you are promoting to work, and the way shortly you’ll be able to show these issues with the capital you have already got.
The place do you see the corporate going now over the close to time period?
We all know that the proper care on the proper time can dramatically enhance outcomes for households. Everybody deserves entry to high-quality care, no matter their circumstances or well being plan. Bettering well being outcomes is our north star.
We’re targeted on rising our well being plan and employer partnerships to achieve extra sufferers. We’re additionally investing in our staff, scientific packages, and know-how to enhance outcomes for our sufferers at scale.
What’s your favourite summer season vacation spot in and across the metropolis?
We frequently hop on and off the New York Metropolis ferry to completely different components of town for enjoyable throughout the summer season. My youngsters love boats.
