What is Edumedics?
Founded in 2010 by Alice Shade and Dr. Richard Goldstein, Edumedics offers a distinctive healthcare delivery model focused on providing direct, in-person care from Nurse Practitioners to individuals managing chronic conditions like diabetes and hypertension. Leveraging its proprietary Healthward technology at the point of care, Edumedics has demonstrated a clear impact on improving health outcomes and reducing costs for its clients, with reported yearly cost reductions of up to 15% and significant clinical improvements, including over 52% diabetes improvement among high-risk members for one client. The company's genesis stemmed from the founders' recognition of the substantial medical costs associated with chronic conditions in employee populations and the need for more effective management strategies.
How much funding has Edumedics raised?
Edumedics has raised a total of $7.2M across 4 funding rounds:
Private Equity
$1.1M
Debt
$780K
Private Equity
$1.2M
Series A
$4.2M
Private Equity (2013): $1.1M, investors not publicly disclosed
Debt (2014): $780K, investors not publicly disclosed
Private Equity (2015): $1.2M, investors not publicly disclosed
Series A (2015): $4.2M featuring OCA Ventures and Lunsford Capital, LLC
Key Investors in Edumedics
OCA Ventures
OCA Ventures is a venture capital firm dedicated to supporting entrepreneurs and fostering the growth of successful companies. They provide essential resources and strategic guidance to startups, focusing on innovation and market leadership.
Lunsford Capital, LLC
Lunsford Capital is a private investment firm based in Louisville, Kentucky, with a broad investment focus across healthcare, technology, and other sectors. They are committed to backing innovative individuals and providing leadership for portfolio company success.
What's next for Edumedics?
The recent major strategic investment positions Edumedics for accelerated growth and expanded market reach. This capital infusion is expected to fuel further development of its innovative care model and technology platform, enabling the company to serve a broader segment of the population facing chronic health challenges. With a proven track record of cost reduction and clinical outcome improvement, Edumedics is poised to solidify its leadership in value-based healthcare delivery, potentially exploring new partnerships and service lines to enhance its impact on population health.
See full Edumedics company page
