Today, HRS announces a $10 million series B investment by Edison Partners, bringing the Hoboken, New Jersey-based company’s total funding to $16 million. With 80 full-time employees and relationships, they’ve serviced 100,000 patients with over 70 medical conditions.
Jarrett Bauer checked his phone in brand marketing class. His mother texted him: Grandma was in the hospital, again—for the same heart condition that had landed her in Teaneck, New Jersey’s Holy Name Hospital just two months earlier in 2011. He did not understand how she could be readmitted; there had to be a better way to connect with clinicians to modify treatment and prevent readmission, which costs around $14,000.
“We didn’t know where to start,” says 32-year-old Bauer, HRS’s CEO. “We just knew it was a problem, and the best companies solve problems.” Today the company announces a $10 million series B investment by Edison Partners, bringing the Hoboken, New Jersey-based company’s total funding to $16 million. With 80 full-time employees and relationships with over 150 medical centers in 39 states—notably Banner Health, WellCare Health, Northwell Health and MedStar Health—they’ve serviced 100,000 patients with over 70 medical conditions.
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