The capital will fuel three key pillars of Rippl’s strategic plan:
#1 Expanded geographic footprint
Earlier this year, Rippl announced a groundbreaking partnership with the Alzheimer’s Association®, combining Rippl’s proven model of expert virtual care with the association’s extensive resources including its 24/7 helpline and community education and support services. Together the two organizations are currently serving patients and families in Washington, Texas, Illinois, and Missouri. Rippl’s new capital will fund an aggressive plan to expand coverage to several new states over the next 4 years – including California, Florida, and Arizona.
#2 New payment models, particularly value-based
The company will continue to partner closely with Medicare Advantage Plans, ACOs and other payors and payviders to deliver its unique wrap-around care model in value-based arrangements. In addition, the Dementia Care Navigation Service, powered by Rippl and the Alzheimer’s Association, was selected by the Centers for Medicare & Medicaid Services (CMS) to participate in their new alternative payment model known as the Guiding an Improved Dementia Experience Model (GUIDE), which launched July 1, 2024. As a trusted partner to clinicians, hospitals and health systems, this new service has been rapidly onboarding people living with dementia and their caregivers, providing much needed relief at no cost to them.
#3 Supercharged tech enablement
The Series A funding will also propel Rippl’s AI and technology roadmap. In April, Rippl acquired Kinto, an AI-enabled dementia caregiver support platform, integrating both the talented Kinto team and their research-backed technology. Rippl is well positioned to accelerate adoption of technology advancements and AI tools to enhance patient and caregiver support, further powering scalability.
Tina Hoang-To, Founding Partner at Kin Ventures, expressed her enthusiasm about the investment and the company’s momentum: “Rippl is at the forefront of a critical shift in dementia care. I am excited to join the team and support their mission to become the largest national network of healthcare providers for senior-focused behavioral health while improving the lives of those affected by dementia.”
This funding will accelerate the progress the Rippl team has made since serving its first patient in January 2023.“We are ready to scale. The heartfelt gratitude we hear from caregivers and families everyday reinforces our confidence in the difference we can make. Our dedicated care teams are making significant strides in reducing caregiver strain, improving patient outcomes and helping them stay safely in their homes while avoiding unnecessary ED visits and hospital stays” states Dr. Jamie SharpRippl Chief Medical Officer.