# CareWell Urgent Care

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/carewell-urgent-care

- Industry: Healthcare
- Headquarters: Dennis, US
- Website: www.carewellurgentcare.com
- Latest round: Seed (May 1, 2012)
- Investors on record: 3

## About

CareWell Urgent Care specializes in providing immediate medical care for non-life-threatening conditions, ensuring patients receive timely attention without the long wait times associated with traditional emergency rooms.CareWell Urgent Care operates urgent care clinics focusing on non-emergency healthcare services. The company was founded to meet the rising demand for accessible medical care in Dennis, US. On March 8, 2013, CareWell raised USD 11 million in Series A funding to support its operational goals.CareWell Urgent Care primarily offers a range of medical services centered around urgent care needs for patients in eastern Massachusetts and Warwick, Rhode Island. Their core service includes treatment for non-life-threatening injuries and conditions such as sprains, minor burns, insect bites, fevers, rashes, and gastrointestinal issues, among others. CareWell emphasizes a patient-first approach, prioritizing comprehensive care tailored to the unique health concerns of each individual. The clinics serve a diverse clientele, including families, working professionals, and children, providing timely healthcare solutions without the wait typically associated with emergency rooms. The facilities are strategically located in urban and suburban areas, allowing accessibility for patients in both metropolitan and rural communities, thereby expanding their reach beyond just local demographics.The revenue structure of CareWell Urgent Care is primarily built on direct-to-consumer transactions within the urgent care sector, supplemented by partnerships with major insurance providers, including Medicare and various private health plans. Patients typically pay for services through insurance reimbursement, with CareWell also offering competitive pricing for uninsured individuals seeking care. Revenue is generated through the provision of various services, such as virtual consultations, lab tests, X-rays, and pediatric care. By creating an environment where individuals can receive immediate care for a broad spectrum of medical issues, the company fosters a steady stream of business transactions with local communities. Their pricing plans reflect the urgency and comprehensive nature of the services provided, ensuring they remain accessible and economically viable for a wide range of patients.CareWell Urgent Care plans to leverage the recent USD 11 million raised in Series A funding to enhance their service offerings and expand their geographic footprint. The funding will be utilized to develop new products and services aimed at improving patient care. Specific plans include opening additional clinics in underserved areas of Rhode Island and Massachusetts by 2024. The focus will be on enhancing operational efficiency and integrating advanced telehealth services to cater to a broader audience. The company aims to innovate in patient care delivery while ensuring they maintain high-quality urgent care services.

## Funding rounds

- Seed, May 1, 2012 — CHL Medical Partners, Correlation Ventures, Trevi Health Ventures

## Investors

- CHL Medical Partners (https://capitalatlas.ai/funds/chl-medical-partners) — Seed
- Correlation Ventures (https://capitalatlas.ai/funds/correlation-ventures) — Seed
- Trevi Health Ventures (https://capitalatlas.ai/funds/trevi-health-ventures) — Seed