WelbeHealth LLC

WelbeHealth LLC is a US-based company that specializes in providing comprehensive healthcare services for seniors through the Program of All-Inclusive Care for the Elderly (PACE), ensuring they receive personalized support to maintain independence. Founded in 2015 and headquartered in Covina, California, WelbeHealth LLC focuses on delivering full-service healthcare to seniors. The company has participated in 6 funding deals, most recently raising USD 15. 00 mn in a SERIES B funding round on November 12, 2021, with notable investors including 406 Ventures and F-Prime Capital.

The founder, Adam Groff, has a background in healthcare management, contributing to the strategic direction of the company under current CEO Si France. WelbeHealth offers a comprehensive Program of All-Inclusive Care for the Elderly (PACE), providing a wide range of services such as medical care, dental services, home care, and physical therapy. This program is aimed at seniors eligible for Medi-Cal or both Medicare and Medi-Cal, typically at no out-of-pocket cost, and operates across various states, including California, targeting underserved populations to ensure they receive necessary healthcare. WelbeHealth generates revenue primarily through government-funded health programs, notably Medi-Cal and Medicare, using a capitated payment model.

This model allows the company to receive a fixed amount per participant for a variety of services, enabling seniors to access comprehensive care without incurring additional costs. Following a successful SERIES B funding round in November 2021, WelbeHealth plans to utilize the capital to expand its PACE program into new markets, specifically targeting regions with significant elderly populations lacking accessible healthcare. The company is also in the process of developing new healthcare services tailored for seniors, with specific launch dates to be determined as part of its growth strategy.