Curve Health, creator of a platform combining telemedicine, smart billing, health information exchange,and predictive analytics for long-term care, has wrapped a $6 million seed-funding round led by Lightspeed Venture Partners.
The company also announced Rob MacNaughton as its new CEO, while Timothy Peck, M.D., the company’s founding CEO, assumes the role of president and executive chair.
MacNaughton will helm an aggressive market expansion plan that includes working with leading skilled nursing facilities, hospitals, ambulance companies and physician groups to ensure rapid growth.
“Curve Health has a mature product and a leadership team with domain expertise — a rare combination for an early-stage company,” McNaughton said. “With Tim Peck and the team’s experience in post-acute care, and my experience on the payor and healthcare system side, we’re equipped to quickly scale this solution and improve care to our most vulnerable patients.”
MacNaughton most recently led NurseGrid and was previously chief product officer at Cambia Health Solutions. He has also served as vice president of hospital operations for Banfield Pet Hospital and was founder and CEO of Columbia Care, a regional home health and hospice supportive care provider.
Peck was founder and CEO of Call9, a telemedicine company that cared for nursing home patients in place, avoiding unnecessary trips to the hospital. The platform delivered more than 150,000 telemedicine encounters, managed more than 5,000 patients daily and reduced patient transfers from skilled nursing facilities to hospitals by more than than 50%.
“At Call9 we proved out the solution that Curve Health builds upon,” said Peck, who lived in a nursing home for three months to optimize a telemedicine solution for people in nursing homes. “COVID-19 has heightened the urgency of delivering virtual care to this vulnerable patient population. Additionally, the Medicare payment mechanisms that were not in place when Call9 existed — and that we advocated for — are now in place, so we see unlimited potential to deliver the Curve solution, scale to nursing homes and ambulance companies across the country, improve patient care and avoid unnecessary hospitalizations.”
Additional investor participation for the expansion includes Vituity, Westway Capital, Correlation Ventures, Kapor Capital, Rosecliff Venture Partners and The Fund.