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Cricket Health raises $24 million to help advance kidney care platform

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Cricket Health has raised $24 million in investment capital to continue development of its integrated kidney care platform.

The San Francisco-based company said in a press release that new contributors included Oak HC/FT, a venture capital fund that invests in health care information and services, Cigna Corporation and Liquid 2 Ventures, owned by former National Football League quarterback Joe Montana.

According to the release, Cricket Health provides tech-enabled integrated nephrology and dialysis care to patients with CKD and ESRD. The company works with risk-bearing payers and health systems to identify high-risk patients before kidney failure and focuses on preserving kidney function as long as possible. Cricket Health’s treatment plan prioritizes slowing the progression of kidney failure, keeping patients out of the hospital, ensuring prepared transitions and supporting patients on any ESRD treatment path. This is done by combining a nephrology practice that provides remote, in-person and at-home care; a multidisciplinary care team to coordinate care and manage outcomes; state-of-the-art technology to provide patient education and 24/7 peer and clinical support; and dialysis care either at home or in redesigned centers that put patient empowerment first.

Company leadership includes Arvind Rajan, a former executive at LinkedIn, and former DaVita Kidney Care executive Danny Shapiro.

“Kidney care in our country is broken: Patients too often end up on costly, life-altering, in-center dialysis because upside-down incentives put them there,” said Rajan. “Our mission at Cricket is to reduce the burden of kidney disease and put patients back in control of their lives with care that is cost-effective, keeps them healthy and gives them hope for the future.”

“The kidney care industry is in a massive state of flux with payers and policymakers tired of paying for costly in-center dialysis and patients searching for a better course of care,” said Nancy Brown, a partner at Oak HC/FT. “Cricket Health has the approach, technology and leadership to transform this $100 billion industry, improve the quality of care and bring down costs. We are excited to support their innovation and growth.”

Reference:

www.crickethealth.com/series-a/