The company received the award as part of partnership with Nevvon and PocketRN. Together, the companies were awarded $419,210.06. The funding will help these companies drive value-based care among the Medicaid population.
“This is a demonstration grant,” Bob Roth, co-founder and managing partner of Cypress, told Home Health Care News. “They want to instill innovation into the Medicaid sector. One of the things I’ve learned over the years is that in order to create innovation, you have to have collaboration. I knew I couldn’t do this alone, and I knew that I would need partners to be able to bring this about.”
Founded in 1994, Cypress is a home-based care company that offers personal care, dementia programs and more.
New York City-based Nevvon is a home care training and certification technology platform.
Meanwhile, PocketRN is a California-based digital health startup that enables patients, families and caregivers to video chat with nurses from their homes.
