Curve Health Seed Stage

This is the Curve Health pitch deck to raise a $6m seed round in 2020.

About

Curve Health is senior care without walls. It is a platform that’s reduced patient transfers from Skilled Nursing Facilities (SNFs) to Emergency Departments by 50%+, Curve advances connected senior care by bridging the silos that hinder healthcare delivery today; enabling physicians to remotely care for patients in SNFs, at home, in ambulances or wherever they may be. Curve combines telemedicine, a health information exchange, predictive analytics, and smart billing into a single platform, resulting in higher quality care + significant return on investment while ensuring the most seamless patient experience.

Just over a year after Dr. Timothy Peck shut down his last senior care startup, he is back as founder and executive chairman of newly funded Curve Health.

On Thursday, Curve Health, which provides remote monitoring and virtual emergency care for patients in nursing homes and assisted living facilities, announced its $6 million in seed funding. Lightspeed Venture Partners led the round for the startup, which Peck said relies heavily on the technology he developed at his previous company, Call9.

Peck shut down five-year-old Call9, which provided virtual care for patients experiencing emergencies while in assisted living facilities and nursing homes, in July 2019 after his team was unable to figure out a way to get paid through Medicare, the federal health insurance program for seniors 65 and up. Because Call9 was unable to generate revenue from those patients, it closed up shop and Peck said he shelved the technology in hopes that he could revive it down the road.

Then the coronavirus pandemic arrived in the United States and tore through the exact type of facilities Peck had been targeting at Call9. The high-risk populations were suddenly discouraged from seeking emergency care and outside visitors were banned in an effort to contain the spread of COVID-19. Peck dusted off the virtual care aspect of Call9 and workshopped a new company with design firm IDEO to launch Curve Health.

“We hit the timing for this perfectly,” Peck told Business Insider. “If COVID showed anything, it’s that the four walls of the hospital are arbitrary.”

Peck realized, however, that if Curve was to have a chance of succeeding, he needed to bring in a more experienced leadership team that could navigate not only the policy world but also adequately balance the technological components with necessary business elements like sales and getting insurance companies on board. He ultimately brought on tech industry veteran and healthcare founder Rob MacNaughton as CEO in September as the seed funding deal was in its final weeks.

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