Circulation Secures $10.5 Million in Funding
The Providence Service Corporation and Flare Capital Partners co-led the investment. Other participants included Boston Children’s Hospital, Humana, Echo Health Ventures (a collaboration of Cambia Health Solutions and Mosaic Health Solutions), NextGen Venture Partners and Intermountain Healthcare Innovation Fund.
Circulation, which launched in 2016, seeks to help patients who qualify for NEMT services get to their appointments on time and get back home when the appointment is over. Through the HIPAA-compliant Circulation platform, hospitals can assist patients in managing their transportation schedules.
In a statement, Circulation CEO Robin Heffernan commented on the new financing and the company’s plans for the future:
"Our focus on improving critical access to healthcare services and better patient outcomes is stronger than ever. We’ve proven how Circulation can significantly increase patient satisfaction rates while simultaneously cutting ride costs by up to 70 percent — a clear benefit for our healthcare clients and their populations served."
The startup will use the capital to improve its growth and expansion throughout the nation. More specifically, Circulation will use the funding to hire talent for product development and further advance its goal of enabling logistics for all aspects of healthcare, Heffernan said via email.
The company has not yet revealed plans to move into specific new states. However, Circulation currently has nearly 50 clients across 1,000 hospitals, clinics and community health centers.
Last September, the startup launched its hospital pilot programs and was selected as Uber’s preferred healthcare platform partner.
Circulation’s transportation platform is customizable and able to integrate with healthcare systems and Uber’s API.
The service premiered at Boston Children’s Hospital; Mercy Health System’s three acute care hospitals and program for the elderly; and Nemours Children’s Health System.