Kris Engskov, the CEO of Rippl. Rippl
Business Insider asked top healthcare VCs to name the startups most likely to take off in 2024.
As healthcare-investment activity dwindles, VCs are holding startups to high standards.
Rippl Care
Picked by: Holly Maloney, the managing director at General Catalyst
What the company does: Rippl provides virtual care to seniors for dementia and behavioral-health conditions.
Funding raised: $32.5 million
Number of employees: 45
Why it’s set to take off next year: Maloney pointed to a new dementia-care model the Centers for Medicare and Medicaid Services announced in July, which will let Medicaid and Medicare plans reimburse Rippl for its services starting in July 2024. The model aims to keep seniors with dementia in their homes and out of the hospital and to support their caregivers with training and a 24/7 hotline. Maloney said the announcement signals “meaningful tailwinds” in dementia care.
Rippl’s virtual-care teams include a nurse practitioner, a social worker, and a care navigator. The startup also provides counseling for families and caregivers of seniors with dementia or mental-health concerns.
— Rebecca Torrence
Article available here at Business Insider
