As value-based care is catching pace in the country, San Francisco-based Cricket Health, the tech-enabled kidney care provider has ambitious plans to disrupt the world of kidney care. They aim to show that their propriety data analytics can identify high-risk patients to allow early intervention, improve outcomes and lower the costs of care required by chronic disease.
Arvind Rajan, Cricket's CEO said they provide care where the focus is on slowing the progression of kidney failure.
The company raised a $24 million series, a funding round from investors including Cigna Corp., LinkedIn CEO Jeff Weiner, Joe Montana's Liquid 2 Ventures and Rock Health co-founder Halle Tecco. They are not profitable yet. But, they aim to become so, by saving payers’ money through better managing patients, keeping them away from hospital and out of dialysis centers as long as possible.
Also, CVS Health, which is working on closing the deal to acquire insurance giant Aetna has announced that it has plans to enter the chronic kidney care market. Its plans to focus on patient education and early detection of kidney disease by developing and deploying a home-based hemodialysis device.
They plan to disrupt kidney care market in light of shifts to value-based payments.