Software & Data
New York, NY
Overall Rank: 57
Category: Software & Data
Category Rank: 15
- Top HealthTech Company of 2023
Tomorrow Health is America’s leading home-based healthcare provider, using high-impact technology to transform the way care is ordered, delivered, and paid for.
One in four Americans today have a need for home-based care – from a new mother requiring a breast pump and an in-home lactation consultant, to a chronic COPD patient on oxygen relying on a CPAP machine. The lack of infrastructure required to effectively connect medical providers, home-based care suppliers, patients, and health plans has led to significant cracks in quality, costly readmissions that impact patient outcomes, and an increase in the total cost of care.
Tomorrow Health addresses these challenges with technology that connects providers, health plans, home-based care suppliers, and patients, tracking and managing every step of home-based care from prescription to billing. The technology-driven matching process considers specialization, insurance coverage, geography, and more to pair patients with appropriate suppliers of more than 40,000 products and services.
Tomorrow Health has created the infrastructure to enable home-based care. Connecting providers, health plans, home-based care suppliers, and patients in one centralized platform, Tomorrow Health uses technology to pair patients with appropriate suppliers of more than 40,000 products and services to manage their at-home care.
As a result, healthcare providers are relieved from painful ordering and coordination processes. Suppliers are incentivized to increase quality at lower operational expense and healthier margins. Payors gain visibility into cost and quality, driving total cost of care savings all while benefiting patients. The Tomorrow Health infrastructure enables us to power a breadth of solutions to enable patients to receive care where they want to be most – home.
Tomorrow Health has created a new foundation for at-home healthcare, reinventing the way patients, suppliers, and payors / providers manage the home-based care process.
- Tomorrow Health generates 15+% savings for our health plan partners via payment policy optimization, excess utilization reduction, and fee schedule discounts.
- Tomorrow Health has driven 3.4x ROI to partner Geisinger Health Plan DME.
- Suppliers using our technology see a 20%+ reduction in order processing costs (currently, manual order processing constitutes ~64% of supplier operational expenses).
- Suppliers also benefit from a 2x+ increase in order volume.
- Our embedded technology reduces fraud, waste, and abuse (FW&A) by validating new orders, confirming recurring orders, and creating claim configuration rules.
- Data from Geisinger Health Plan shows that 97% of patients reported being satisfied with their care.
- Members receive quality care five days faster, thanks to dedicated Care Advocates delivering end-to-end support and improved quality in services and delivery time reductions of 83%.
Tomorrow Health's Video
Vijay Kedar, Co-founder and CEO
Vijay draws inspiration from his personal experience managing his mother’s recovery at home, which led to the establishment of Tomorrow Health. Prior to this venture, he held a senior leadership position as the Senior Director of Care Innovation at Oscar Health, a technology-driven insurer, where he witnessed the challenges of managing home-based care from the perspective of clinicians and insurers. Recognizing the fragmented and uncoordinated nature of home-based care resources, Vijay Kedar founded Tomorrow Health to address these gaps in the healthcare landscape. In addition to his role at Tomorrow Health, he has actively contributed to fostering innovation in the healthcare sector, serving as a member of the Board of Advisors for the Dallas Regional Chamber of Commerce and possessing extensive experience in investment management, evaluating over $1.1 billion in investments across various sectors, including healthcare, technology, and energy.
Anna Lenhardt, Chief People Officer
Anna Lenhardt is a transformational HR executive, coach, business partner, and strategist with almost two decades of experience building and scaling mission-driven organizations. Throughout her journey, She have meticulously crafted and steered HR teams within the dynamic landscape of high-growth companies, charting their course from Series B stages to the threshold of IPOs and beyond. Her passion lies in creating thriving work cultures where values and innovation converge to ignite impactful growth.
- Vijay Kedar
- Gabriel Flateman, Co-founder
- Julie Yoo, General Partner at Andreessen Horowitz
Bond is a forward-thinking venture capital firm with a mission to champion visionary founders at every stage of their journey, from inception to expansion. Founded in 2018 by a team of prominent entrepreneurs and investors including Juliet de Baubigny, Mary Meeker, Mood Rowghani, and Noah Knauf, Bond is headquartered in the innovation hub of the San Francisco Bay Area on the West Coast of the United States. Over the years, Bond has demonstrated its commitment to fostering innovation by making a total of 79 investments. Their most recent investment, on August 9, 2023, saw Weights & Biases secure $50 million in funding. Within their portfolio of 79 investments, Bond has taken the lead in 34 of them, with Tomorrow Health being one of their notable lead investments.
This company also known as a16z, operates as a dynamic venture capital firm that champions forward-thinking entrepreneurs shaping the future through technology. They maintain a stage-agnostic investment strategy, supporting tech companies across various phases, encompassing AI, healthcare, consumer, crypto, enterprise, fintech, games, and those contributing to American innovation. With assets under management totaling $35B across multiple funds, the firm serves as a hub connecting entrepreneurs, investors, experts, and influential figures within the tech landscape. Their extensive network comprises technical and executive talent, marketing resources, Fortune 500 firms, cultural leaders, and key decision-makers in the technology sphere. This network underscores their unwavering commitment to assisting portfolio companies in expanding their operations, with their operational teams providing comprehensive insights and support throughout the company-building journey.
Obvious holds the belief that the most prominent companies in this era will employ groundbreaking technologies to address systemic issues in a manner that is both profitable and scalable. They bring to the table a track record of nurturing entrepreneurs who have contributed to the growth of renowned brands such as Apple, Twitter, and Patagonia. In their capacity as investors, they have actively supported the development of transformative companies with a positive global impact, including disruptors like Beyond Meat, Proterra, and Diamond Foundry.Notably, Obvious is a Certified B Corporation, demonstrating their commitment to their values. They undergo a bi-annual audit to ensure that their actions align with their principles and ideals.
Box Group specializes in early-stage investments, partnering with visionary teams to bring dreams to fruition. They prioritize the strength of the team, subscribing to the concept of “founder market fit” to unlock specific markets as the first step toward achieving “product-market fit.” Recognizing that not all ideas are created equal, Box Group emphasizes the crucial role of the right team in turning visions into reality. Alongside their investment in Tomorrow Health, Box Group’s portfolio encompasses companies such as Airbase, Arcadia, Canal, Mantra Bio, and many others.
Rainfall is an early-stage investor founded in 2011 and committed to partnering with world-class founders to help them change industries. Rainfall invests globally and follows a generalist strategy, pursuing opportunities across sectors with an emphasis on Web3, FinTech, No-Code, SaaS, Dev Tools, Gaming, and Digital Health. Some highlights of our portfolio are Robinhood, Sky Mavis, Webflow, Lithic, Alma, Novo, 180 Insurance, StreamElements, Curri, Block Renovation, Mushroom.gg, Papaya Gaming, Datree, and Tomorrow Health.
Sound Venture is a venture capital firm focusing on early and mid stage private technology platforms.
- Employees – ~ 100 employees
- Partnerships – Partnered with more than 125 leading health plans and health systems nationwide, including Pennsylvania’s Geisinger Health Plan.
- Funds raised – $92.5M (Series B)
- Modern Healthcare ‘Best Places to Work’ 2021
- Obvious Ventures World Positive Report 2021
- New York Healthcare Innovation Report 2022
- CB Insights Digital Health 150 Award in 2021
News and Press Releases
- August 8, 2023: Julie Gordon shares how the team is creating above and beyond experiences in the home-health space (Read)
- August 8, 2023: Defining Quality in Home-Based Care: An Exploration (Read)
- July 17, 2023: What Misconceptions Does the Healthcare Industry Still Have About Home-Based Care? (Read)
- July 10, 2023: Tomorrow Health Beats Industry Benchmarks for DEI (Read)
- May 31, 2023: Expanded CGM Coverage for Medicare Beneficiaries (Read)
- May 18, 2023: National Survey of Home-Based Care Recipients and Caregivers (Read)
- May 1, 2023: Tomorrow Health Looks To Solve Home-Based Care Woes Within Medicaid (Read)
- April 5, 2023: Why Tomorrow Health’s CEO Is Calling for More Caregiver Reimbursement (Read)
- Feb 22, 2023: Healthcare is Moving to the Home. Are Health Plans Ready? (Read)
- August 23, 2021: Reflections on our First Leadership Council’ by Eric Parnon, Director of Business Development (Read)
In the realm of corporate responsibility, Tomorrow Health stands as a shining example of a company deeply committed to fostering diversity and inclusivity. Their belief is that a diverse workforce, comprised of individuals from a multitude of backgrounds, enriches their collective thought, sparks innovation, and equips them to spot opportunities that often elude other companies.
This commitment to inclusivity is not just a philosophical stance; Tomorrow Health has tangible results to showcase. The company has consistently exceeded diversity benchmarks when compared to national tech workforce standards. In particular, their team boasts a workforce that is 58% female, a remarkable contrast to the industry’s 27% average. Furthermore, their leadership team impressively comprises 47% women, encompassing positions at the Director level and above. Their team’s racial diversity profile is equally impressive, with a workforce that is 53% white, outperforming the industry’s 62% average. Latinx representation at 15% exceeds the tech industry’s 8% average, while Asian representation stands at a commendable 20%, in line with industry norms.
Tomorrow Health’s commitment to inclusivity isn’t a mere checkbox exercise; it’s deeply rooted in their founding principles. The company’s origins lie in the personal experiences of its founders, who served as caregivers to family members navigating the complexities of transitioning to home-based healthcare. Witnessing the challenges and emotions faced by patients and their families, they made a solemn pledge to create a company that would provide care equal to what they’d want for their own loved ones.
To achieve their ambitious mission of re-establishing the home as the primary point of care, Tomorrow Health has adopted a set of core values that underscore their patient-centered culture and commitment to stakeholders. These values guide their actions and decisions, embodying what the company holds dear in its pursuit of a better healthcare experience.
Corporate responsibility isn’t confined to the workplace for Tomorrow Health. The company actively engages with the broader community and supports causes that resonate with their values. For instance, they proudly participated in Walk MS in New York City, surpassing their fundraising target. The event united their team and others in the fight against Multiple Sclerosis, reflecting their commitment to contributing to a cure for this widespread disease.
In alignment with their belief in supporting meaningful causes, the company celebrated Black History Month by backing innovative Black-owned businesses across New York City. Additionally, their team engaged in a session on the History of Black Cinema, led by film producer and author, Shirelle Thorne. This educational initiative aimed to recognize the profound contributions of Black artists who have indelibly shaped American cinema.
In conclusion, Tomorrow Health’s corporate responsibility endeavors are deeply woven into their identity as a company. Their commitment to diversity, inclusivity, and community engagement mirrors their broader mission of providing exceptional healthcare services and making a positive impact on their workforce, patients, and the community they serve.