Patina Health, Inc.

Patina Health, Inc. delivers tailored healthcare services for adults aged 65 and over, focusing on personalized care plans that address the complex needs of the elderly population. Founded in 2020 in Bala Cynwyd, US, Patina Health specializes in personalized healthcare for seniors. The company has raised USD 50.

00 mn in its Series A funding round on October 22, 2021, with key investors including Andreessen Horowitz, F-Prime Capital, and GV. The company’s leadership includes founders Dina Aronson and Katerina Furrer, with Jack Stoddard serving as CEO. Patina Health specializes in providing personalized healthcare services specifically designed for adults aged 65 and older. Their core offerings include Patina Primary Care and the newly launched Patina Total Health, which aims to enhance the healthcare experience for Medicare Advantage members by delivering comprehensive, age-friendly care.

The services focus on addressing the physical, emotional, and social needs of their patients through a dedicated care team that develops individualized care plans. Additionally, Patina's approach emphasizes easy access to care, enabling patients to receive services both virtually and in-home, thereby eliminating long wait times and ensuring convenience. Patina operates across various markets, notably serving the 5-county Philadelphia area and 10 counties in the Charlotte metro region, catering to a growing segment of the elderly population who seek tailored healthcare solutions. Patina Health's revenue model is primarily based on partnerships with participating Medicare Advantage plans, allowing them to offer their services at no additional cost to eligible members.

Revenue is generated through direct transactions with clients who are enrolled in these plans, facilitating access to Patina’s healthcare services without extra charges. The transaction structure typically involves establishing a care plan under which patients receive personalized medical attention, coordinated by a dedicated care team, with an emphasis on same-day or next-day appointments. This model fosters long-term relationships with clients, as the service is promoted as a concierge-level healthcare experience. While specific pricing plans and revenue metrics are not disclosed, the service offerings are designed to maximize patient satisfaction and retention, thereby supporting sustainable revenue growth.

Patina Health, Inc. plans to utilize the USD 50. 00 mn raised in its Series A funding round to significantly improve the healthcare and aging experience for adults aged 65 and older. The company is focusing on launching new products targeted at enhancing the quality of healthcare services for this demographic.

Specific markets targeted for expansion include broader areas beyond the current 5-county Philadelphia footprint and into additional counties within the Charlotte metro region by 2023.