IntusCare Secures $11.5 Million Funding to Expand PACE-Specific Healthcare Technology Solutions

IntusCare, a technology leader in the PACE market, celebrated a transformative year in its offerings for Programs of All-Inclusive Care for the Elderly, underscoring its commitment to supporting value-based care models that serve complex senior populations. The company starts the year with additional funding, having recently announced raising $11.5 million in a strategic follow-on financing round, bringing total funding to over $27 million. This infusion of capital will fuel the launch of CareHub, a comprehensive care management platform, and support the expansion of IntusCare's existing suite of Revenue Integrity, Population Health, and Utilization Management solutions.

Notably in 2024, the company announced the launch of two new products and one new service, all specifically designed for PACE. CareHub represents the first PACE-specific EMR and practice management system for workflows to manage the VBC model, revolutionizing how interdisciplinary care teams, quality, and compliance managers care for older adults with complex healthcare needs. The Intus Revenue Integrity System (IRIS) serves as the first real-time, data-driven risk adjustment system designed specifically for PACE and VBC organizations, supporting clinical, financial, compliance, and leadership teams to optimize workflows for consistent risk adjustment results.

Much of IntusCare's growth in scope took place within the last year, propelled by deep partnerships with customers who shared their needs with the company. The vision for CareHub emerged when customers shared pain points such as reducing staff documentation and administrative burden, integrating disparate data systems, and enabling actionable workflows for interdisciplinary care teams. As CEO Robbie Felton stated, "Ultimately, we want to be the place where all value-based care organizations that manage risk for complex care come to do their work. CareHub is a key foundation of the ultimate operating system that we're looking to build for the space and community."

Strategic partnerships have been crucial to IntusCare's expansion, with the company now serving 70+ PACE organizations across the country, adding 33 new partners in 2024, an increase of approximately 90% over 2023. The company is breaking down industry silos by prioritizing data access and interoperability through strategic partnerships with leading technology companies. This approach ensures the delivery of impactful, integrated solutions that better serve its customers. Examples include the collaboration with MedVision for seamless data integration and improved care coordination, and another partnership with Grane Rx allowing their pharmacy solutions to integrate with CareHub supporting medication safety and streamlined workflows.

In addition to technological advancements, IntusCare has focused on thought leadership education within the complex healthcare environment. Chief Population Health Officer Laura Ferrara, an experienced PACE leader, presented at several PACE organization conferences and meetings throughout the year. The company also hosted a virtual conversation on "PACE and the Future of Healthcare Data Interoperability" with leading guests within healthcare and the PACE community, moderated by CEO Robbie Felton with participants including Shawn Bloom, CEO and president of the National PACE Association, and Dr. David Feinberg, Chairman of Oracle Health.

To support its expanded software and services offerings, IntusCare strategically grew its team, including the addition of key leadership positions. Bharath Kakarla joined as Senior Vice President of Engineering to lead the technology team, while Stephanie Rock joined as Senior Vice President of Product and Client Delivery, ensuring the company meets the needs of current and future partners. The company's commitment to artificial intelligence research aims to further enhance user experiences for healthcare providers and staff, positioning IntusCare at the forefront of technological innovation in elderly care management.