Better Health Gets Funding to Expand Offerings in Chronic Care

Better Health, which offers supplies, education and peer support for people with chronic conditions,  has received $14 million in funding, including investments from Healthworx, the innovation and investment arm of managed care company CareFirst Inc.; UHealth - University of Miami Health System; and Mosaic General Partnership.

This financing builds on Better Health's previous $10 million Series A round and includes participation from new investor Samsung Next. Co-founded by Naama Stauber Breckler and Adam Breckler, Better Health operates in 48 states and serves the members of several payers, including Medicare, Medicaid, Cigna, Humana, Florida Blue, and Oscar, among others.

San Francisco-based Better Health said the new funding will be used to bring a more comprehensive solution to payers and providers, while also expanding into new categories to better serve members with chronic conditions.

Established in 2019, Better Health provides support and medical supplies for people with chronic conditions, such as ostomy, chronic wounds, diabetes, chronic retention, and incontinence. The company says its solution combines a cohesive care model that incorporates peer coaching, education, and home delivery of medical supplies, focusing on driving engagement, adherence, improved outcomes, and reduced costs.

"We've seen a remarkable 86% of the people who went through the Better Health Peer Support program reported they were able to avoid an unnecessary ER or doctor visit," says Robert Mirsky, M.D., Better Health clinical advisor and the former Chief Medical Officer of Aetna Medicare, in a statement. ”Receiving coaching from someone with similar lived experience builds trust, helps patients gain more knowledge and confidence, and as a result be more compliant with their treatment. This enables Better Health to drive impact on health outcomes and cost of care.”