Friends of Rippl,
It’s hard to believe it’s already October… We’ve made great progress at Rippl over this past quarter delivering on a number of important milestones. Including serving patients for the first time leveraging the new CMS GUIDE program, launching in three new states, onboarding a number of new major referral partners, and demonstrating early positive clinical outcomes for our patients and caregivers. Lastly, we’re excited to share we’ve raised an all-important Series A funding round to fuel the important work we’ve got underway at Rippl.
A few highlights from Q3.
Rippl Raises $23 Million in Fresh Series ‘A’ Capital to Fund National Expansion
Successfully closing a Series A funding is testament to our investors confidence in our vision for what’s possible and our progress to date. The raise was led by Kin Ventures (based in Seattle) and joined by all of our existing major investors including Arch Venture Partners, General Catalyst, GV (Google Ventures), F-Prime, Mass General Brigham Ventures, and 1843 Capital. Read the full press release here and Fierce Healthcare’s feature here.
This new funding will allow Rippl to do a few things. First, we will significantly broaden our geographic footprint, taking our proven care model to a number of new states over the coming months including California, Florida and Oregon. It will allow us to enter into new value-based arrangements with payers and payviders as well expanding those contracts already in motion.
Bringing Expert Dementia Care to New States and New Partners
Earlier this year, we successfully launched Rippl services in three new states – Illinois, Missouri and Texas. AND we are now serving GUIDE patients across most counties in those states. The groundbreaking Centers for Medicare and Medicaid (CMS) pilot program called GUIDE (formally started on July 1) is enabling us to provide wrap-around, comprehensive dementia care services to more seniors who desperately need support – at no cost to them. A major step forward to elevating dementia care and a great tailwind for Rippl.
Alongside the Alzheimer’s Association, we are proud to be rolling out the GUIDE program with a number of regional health systems including Houston Methodist (TX), Springfield Clinic (IL), OSF (IL), St Luke’s (MO), and Providence Health Systems (WA), opening up access to dementia care navigation services for seniors across a wide variety of need.
Training a New, Specialized Workforce of Dementia Experts
We continue to build on our training partnership with Mass General Brigham’s McLean Hospital in Boston. Throughout the summer, we’ve held a number of high impact training sessions focused on upskilling our existing care teams, giving them specialized capabilities to really become ‘the dementia experts’. There is no one who knows collaborative dementia care better than the Geriatric Psychiatry team at McLean, we are incredibly proud to be co-developing Rippl Academy’s core curriculum with their expert help. One of our biggest ambitions remains to build the highest integrity, best trained, most mission driven team of dementia experts anywhere. Judging by the quality of our current care team, we are well on our way.
In case you missed it, here are just a few of our other big headlines since our last update:
- The Alzheimer’s Association® and Rippl partner to improve quality dementia care and caregiver support
- Rippl acquires AI healthcare startup Kinto to accelerate building nation’s most advanced tech-enabled dementia care platform
- Rippl and the Alzheimer’s Association® accepted as an established participant in CMS’s Guiding an Improved Dementia Experience (GUIDE) eight year pilot
New partnerships, new funding, new markets and a new acquisition – it’s no wonder Business Insider included us on their list of most promising healthcare AI startups of 2024. It’s been a busy year no doubt. And, we are only getting started.
As always, thank you for your support, trust and confidence. We’re on our way to helping a lot of very deserving seniors that urgently need our support.
Kris Engskov
Co-founder & CEO, Rippl
