Company Overview
Tomorrow Health is a technology-driven home healthcare company headquartered in New York, NY, United States. The company aims to transform home-based care delivery by simplifying the procurement of home medical equipment and services, improving patient outcomes, and optimizing healthcare ecosystems. Tomorrow Health connects patients, providers, and suppliers through a seamless platform, positioning homes as primary care venues.
Key Highlights
- Industry: Health Care, Home-Based Services
- Funding: $92.5 million raised as of June 2022
- Employees: 51-200
Leadership Team
- Vijay Kedar, Co-Founder & CEO: Inspired by his personal experiences managing home care for his mother, Vijay leads the company with a vision to revolutionize healthcare delivery. He coordinates care for over 2 million patients across the United States and is recognized as one of the top "40 Under 40" leaders by Modern Healthcare in 2024.
- Heidi Nicoll, Vice President, Head of People & Talent
- Shivani Stadvec, Vice President of Marketing
- Gabriela Perez, Chief Growth Officer
- Kelsey Tripp, Vice President of Engineering
- Puneet Goel, Chief Technology Officer
Business Model and Strategic Developments
Tomorrow Health's primary focus involves leveraging advanced technology to enhance operations, particularly in coordination with Medicaid Managed Care Plans. The company recently decided to close its medical supply business to concentrate on developing tech solutions and home-based care models, significantly improving patient satisfaction ratings to 9.5 out of 10. Their innovative platform matches patients with suppliers based on insurance compatibility, supplier quality, and geographic location. They have achieved over 20% direct savings on Durable Medical Equipment (DME) expenditure for health plan clients.
Growth and Vision
Tomorrow Health is committed to scaling operations and expanding market presence to elevate the quality of care delivered at home. Their strategic vision incorporates engaging health plans and stakeholders, utilizing technology to automate processes and efficiently manage care transitions, contributing to tangible savings and improved patient experiences.
Partnerships and Customer Focus
The company aligns with various stakeholders across the healthcare system, emphasizing improved patient experiences and outcomes. Testimonies from satisfied customers attest to their transformative impact on home-based healthcare services.
Competitor Profiling
Key Competitors
1. Synapse Health
- Headquarters: Skokie, Illinois
- Description: Specializes in digital-first solutions for the DME industry, emphasizing improved transparency and accountability.
- Employees: 51-200
- Key Features: Offers integrated solutions such as Synapse Equip, Synapse Connect, and Synapse Room+Board.
2. CareCentrix
- Headquarters: Hartford, Connecticut
- Description: A Walgreens-owned entity offering comprehensive home healthcare management services, including DME and home infusion, with a focus on clinical coordination.
- Employees: Over 1,700
- Specialties: Extensive integration with health plans across Medicare Advantage, Medicaid, and Commercial populations.
3. Parachute Health
- Headquarters: Princeton, New Jersey
- Description: Renowned for its ePrescribing platform designed to streamline DME ordering processes.
- Core Offerings: Enhances discharge processes for health systems and improves ordering efficiencies.
4. AeroCare Holdings
- Headquarters: Orlando, Florida
- Description: Now part of AdaptHealth, offering home respiratory therapy services and a variety of medical equipment.
- Specialty: Focus on patient experiences with tailored equipment and services.
5. Choice Medical
- Description: Specializes in the distribution of medical devices and supplies, focusing predominantly on sleep apnea treatments.
- Operations: Strong as a provider of sleep-related medical solutions with a commitment to supply chain management.
Key Insights and Competitive Analysis
Tomorrow Health operates in a competitive market driven by the need for differentiation through technology and exceptional customer service. Competitors like Synapse Health emphasize transparency and efficiency, appealing to healthcare providers focused on streamlined operations. CareCentrix, backed by Walgreens, benefits from vast resources enabling expanded service offerings. Parachute Health's digital transformation initiatives align closely with Tomorrow Health’s technology-driven focus, marking them as a direct competitor. AeroCare Holdings and Choice Medical engage niche markets with specialized respiratory and sleep-related equipment, each aiming to improve patient care experiences.
In this dynamic landscape, Tomorrow Health’s strategic focus on leveraging technology to enhance home-based care delivery sets it apart in a rapidly evolving industry.
