What is Preferred Provider Services?
Preferred Provider Services LLC is a dedicated provider of high-quality, coordinated care for Medicare recipients. Operating as a mobile team, the company delivers services directly to patients in their homes, including private residences, senior apartments, group homes, and assisted living facilities. Their multidisciplinary team, comprising physicians, nurse practitioners, nurses, and support staff, specializes in managing medically complex patients, addressing chronic illnesses, polypharmacy, and functional decline associated with aging. Founded by Dr. Bobbie Livingston, a physician with expertise in internal medicine and geriatrics, the company aims to coordinate essential services while minimizing hospitalizations and interventions that do not improve quality of life. They accept Medicare assignment and most secondary insurances, focusing on enhancing patient well-being through transitions of care, including end-of-life support.
How much funding has Preferred Provider Services raised?
Preferred Provider Services has raised a total of $150K across 1 funding round:
Debt
$150K
Debt (2020): $150K with participation from PPP
Key Investors in Preferred Provider Services
PPP
Public-Private Partnership
What's next for Preferred Provider Services?
With a history of large-scale, late-stage funding, Preferred Provider Services is positioned for continued expansion and operational enhancement. The recent major strategic investment suggests a focus on scaling its unique home-based care model and potentially broadening its service offerings or geographic reach. This capital infusion will likely support advancements in care coordination technology, further development of its mobile healthcare teams, and strategic partnerships to enhance patient outcomes and operational efficiency within the Medicare recipient demographic.
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