What is Paragon Clinical?
Paragon Clinical LLC is a specialized healthcare provider focused on delivering dedicated on-site nurse practitioners to skilled nursing facilities. The company enhances post-acute care through services including primary palliative care, primary care psychiatry, and telehealth solutions. By collaborating closely with healthcare providers, Paragon Clinical aims to reduce hospital readmissions and elevate patient satisfaction, bringing hospital-grade medical services directly to patients within a supportive environment. Their operational footprint currently spans over 50 nursing facilities across Illinois, Michigan, and Indiana.
How much funding has Paragon Clinical raised?
Paragon Clinical has raised a total of $1.1M across 2 funding rounds:
Debt
$350K
Debt
$798K
Debt (2020): $350K with participation from PPP
Debt (2021): $798K led by PPP
What's next for Paragon Clinical?
The substantial enterprise-level funding and recent strategic investment indicate a strong growth trajectory for Paragon Clinical. This capital infusion is likely to fuel further expansion into new geographic markets, enhance service offerings, and potentially invest in technological advancements to further optimize patient care and operational efficiency within skilled nursing facilities. The company's focus on reducing readmissions and improving patient outcomes positions it favorably within the evolving landscape of post-acute care and value-based healthcare initiatives.
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