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-0.000826941173115754 -0.000731890463562293 0.00270894522227621 0.00467953653274039 0.00129097873715639 0.00669156995256988 0.00978071801306015 0.011548661210756
Stock impact report

Pomelo Care raises $46 million, covers over 3 million lives, and publishes data proving its virtual care model improves outcomes [Yahoo! Finance]

Elevance Health, Inc. (ELV) 
Company Research Source: Yahoo! Finance
NEW YORK June 20, 2024 /PRNewswire/ -- Pomelo Care , a virtual medical practice that improves maternal and newborn health outcomes, announced $46 million in Series B financing led by existing investors First Round Capital and Andreessen Horowitz (a16z) Bio + Health . Pomelo will use this funding to accelerate its partnerships with payors across the country to address the root causes of the maternal health crisis. 1 in 10 babies born in the US today start their life in a neonatal intensive care unit US maternal morbidity and mortality rates are higher than peer countries , and the disparities in outcomes for people of color are unacceptable . Healthcare access continues to worsen, with 1 in 8 births occurring in U.S. counties with limited-to-no access to maternal care . Due to significant gaps in postpartum care, about half of pregnancy-related deaths in the U.S. occur after hospital discharge The evidence exists for how to identify people at highest risk for complications and whi Show less Read more
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