Conduit Health

Had a great meeting with the team at Conduit Health. They’re doing some incredible work to improve how seniors receive care and support at home. Faster coordination, better communication, and a stronger patient experience all make a difference. Proud to continue growing this partnership and building alongside teams that are focused on actually moving healthcare forward. Great having Aaron Angel and Chelsea Myer there with Matthew Hardoon, Natan Wise, Rocky Seftel, Adam Yecies and the rest of the Conduit Health team! #welltel #telehealth #homecare #conduithealth #partnership

Things our team is really really good at: -$0 medical supplies 🦽🩲 🩼 -$1 Tacos 🌮 Loved having some extra folks in our NYC office this week! Many medical supplies were shipped & delivered, many tacos were eaten.

We've more than doubled the size of our team so far this year, and we're still growing! Check out our open roles across Product, Growth, Commercial and Ops here: https://lnkd.in/eHvMXE7N

A couple things to be reminded of: -Not every facebook comment in caps lock is negative. -Test some UGC creators with great hair.

Pro-tip: It's really easy to get your engineers into the office if you give them cupcakes. Had a great time celebrating our Series A announcement last week with the team. Thanks to our friends and NYC health-tech peers for coming out!

Conduit Health Closes $17M Series A in Push to Aid Medicare, Medicaid Patients https://lnkd.in/gE2iVfN3 Your go-to for local business news. Follow citybiz Drive Capital XYZ Ventures Twelve Below Eniac Ventures Natan Wise Rocky Seftel Molly Bonakdarpour Matthew Hardoon Jacob Orbach-Smith Helen Kim Hana Lowenthal Arturo Rosario Alexandra (Young) Zajac Joel Cowie Christopher Hranj Rocky Seftel Ronald Hsiao Byron Ling Gugulethu Dube Joseph Guay Ron Mirta Raquel (Greenbaum) Sastow John Farmer Jamie Tils, MS, RD, CDN Julia Grummel Abigail (Gendler) Laffey, MPH Adam Yecies Jade P. Keegan Jones Nicholas Angelucci Morgan Curley Natasha Harris Marin Mestrovic Molly Bonakdarpour Victoria Styner Hanna McCormack, MBA Pedro Henrique Ferro Gorla

"What conduit does is take that annoying and long process that can take 2-4 weeks down to almost instantaneous... This is a really acute pain point for millions of Americans that are receiving care within their homes, and not just for them, but for their caregivers which are usually their children or a social worker. This has allowed Conduit to scale incredibly quickly." - Molly Bonakdarpour, General Partner at Drive Capital. Grateful to have such insightful and involved partners like Molly as we build the future of home healthcare. Watch below to hear why Drive Capital led our recent $17M Series A funding round.

A few years ago, we led Conduit Health's pre-seed round, backing Natan Wise and Rocky Seftel on their vision to help millions of Americans navigate their benefits. They've since scaled to tens of thousands of patients and today they're announcing their $17M Series A to reach tens of millions more. The problem they are solving is the fragmented and legacy process that prevents millions of Americans from accessing critical healthcare benefits, starting with medical supplies. Patients and families are forced to navigate prior authorizations, supplier handoffs and payer rules that change constantly, a workflow that the healthcare system ignores end to end. Conduit handles all of it: clinical evaluation, insurance authorization and fulfillment, so patients don't have to, in a vertically integrated, Amazon Prime-like experience. Their AI engine reads and applies hundreds of thousands of payer-specific rules with a consistency no human team can match at scale, enabling patients to access benefits in days vs months. Medical supplies are among the hardest benefits to automate at an individual level, and cracking that opens the door to a wider spectrum of products and services that families need on the aging journey. We've shared an office with Natan and Rocky from day one, and it's been a privilege to watch them go from a napkin idea to a talented, fast-growing team improving thousands of lives, with many millions more ahead. Drive Capital XYZ Venture Capital Eniac Ventures Diede van Lamoen https://lnkd.in/epUXRNSr

Excited to share that Conduit Health has closed a $17M Series A, led by Drive Capital. XYZ Venture Capital led the seed and are proud to be doubling down at the A! Natan Wise and Rocky Seftel built their careers inside the healthcare system they're now fixing. Rocky came up through Signify Health, watching firsthand how DME gets stuck in paperwork. Natan learned at Candid how to make care delivery actually work at scale. Together, they've turned a 34-day process for getting equipment like wheelchairs and compression devices to patients into 3 days. We're often asked whether vertical AI companies are defensible as foundation models improve. Conduit is our answer. The proprietary data they've assembled (insurance coverage rules, SKU-to-CPT mappings, prior auth logic) is genuinely hard to collect. Better AI doesn't erode that moat. It amplifies it. Congratulations to Natan, Rocky, and the whole Conduit team! More on why we invested below: https://lnkd.in/gDhHdvTV

👏 Congrats to Natan Wise, Rocky Seftel & the rest of the team at Conduit Health, a consumer-oriented provider of insurance-covered medical supplies and services for Medicare and Medicaid patients, on their recent Series A funding. 📈 In just 16 months since its public launch, Conduit says it has delivered medical supplies to more than 50,000 patients, while increasing its product catalog four times over and widening its payer network to include more than 100 health plans and nearly 90 million covered lives. 🔊 "By unifying all of the clinical, administrative and fulfillment work around an intelligent operating layer, we offer a care model that actually works for patients,” said Natan Wise, co-founder and CEO of Conduit Health. “Until now, the red tape in DME procurement – particularly in Medicare and Medicaid – has profoundly hindered access to these essentials. We built Conduit so the most vulnerable members of our communities can stay healthy and independent at home. The status quo simply doesn't work for them, and as a company that isn't something we are willing to accept." 💰 The round was led by Drive Capital, with participation from prior lead investors XYZ Ventures, Twelve Below, Eniac Ventures, and others. ⤵️ Read more: https://lnkd.in/eHhf22EF