#USA #New York #Ochsner Health #myLaurel #Acute Care

myLaurel Secures $12 Million for Home Healthcare Innovation

In a significant development for home healthcare, myLaurel, a dynamic healthcare provider focused on acute and transitional care at home, has successfully raised $12 million in additional funding. This financial boost comes from existing investors, led by Deerfield Management and GV (formerly Google Ventures), along with participation from Emerson Collective, Pinta Partners, and Ochsner Health. The capital aims to further enhance myLaurel's operational capabilities in delivering high-quality care to patients in their homes.

The Rising Demand for Home-Based Care

As the U.S. population ages, the necessity for effective healthcare solutions outside traditional hospital settings becomes increasingly vital. A recent article published in JAMA highlights that by 2032, the nation could encounter critical hospital bed shortages, primarily due to the growing number of older adults with complex health requirements. myLaurel’s Acute Care at Home program directly confronts this challenge, allowing hospitals to provide intensive care for patients in the comfort of their residences. This approach not only improves clinical outcomes but also alleviates the burden on hospital facilities.

Impressive Growth and Partnership Dynamics

myLaurel's recent success follows a remarkable year in 2024, marked by a fourfold increase in both patient volume and revenue. The partnership with Ochsner Health has been particularly noteworthy, showcasing exemplary clinical and financial results that serve as a model for other healthcare systems. With the new funding, myLaurel is poised to expand its reach and further partner with additional health systems, ensuring that more patients can access the benefits of home-based acute care services.

Juan Vallarino, the CEO of myLaurel, expressed confidence in the solution their model presents. He stated, "Our momentum reflects both the urgency of the need and the strength of our care model solution. In partnership with systems like Ochsner, we demonstrate that high-acuity, home-based care can provide an exceptional patient experience, reduce costs, and significantly extend hospital capacity. This funding round validates our vision and positions us to serve more patients with greater efficiency and impact."

Pioneering a New Standard in Healthcare

The Acute Care at Home model developed in partnership with Ochsner Health has exceeded expectations across various clinical and operational metrics. It has set a benchmark for how healthcare systems can adapt their models to care for complex, elderly patients outside traditional hospital settings.

Moses Adubi, Principal at Deerfield, recognized myLaurel's innovative approach, stating, "myLaurel is pioneering a scalable care model that addresses one of the most pressing challenges in healthcare — how to safely and effectively care for complex patients outside the hospital. We believe myLaurel is well-positioned to lead a transformation in acute care and deliver benefits across the continuum of care."

The Commitment to Quality Care

With an emphasis on quality, myLaurel operates as a tech-enabled medical group that provides on-demand services aimed at frail, elderly, or medically complicated patients. This model is designed to prevent unnecessary hospitalizations, improve discharge processes, and enhance overall patient experiences. Partnering healthcare systems and providers benefit from metrics such as reduced emergency department visits, fewer readmissions, and more efficient patient journeys.

Headquartered in New York, myLaurel combines hands-on clinical support with advanced technology to optimize healthcare delivery. Remarkably, they have reported a 33% reduction in emergency department utilization, a 49% decrease in readmission rates, and the conservation of over 3,000 hospital bed days annually. This efficiency allows hospitals to accommodate more acute inpatient admissions, underscoring the positive impact this model has.

By addressing the challenges posed by a growing aging population with increasingly complex needs, myLaurel is at the forefront of a vital transformation in healthcare delivery. Their innovative approach not only enhances patient experiences but also significantly improves overall hospital efficiency, solidifying their role as a pivotal partner for health systems and payers alike.

For more information about myLaurel and its cutting-edge healthcare solutions, visit mylaurelhealth.com.