BOSTON, July 16,
2024 /PRNewswire/ -- Kins, a digital-first hybrid
care physical therapy practice, announced today a strategic
investment, which includes funding from Healthworx, the investment
arm of CareFirst Inc. This investment is part of a $7M financing round with additional investors
including Redesign Health, W Health Ventures, and Asahi Kasei
Ventures. The company will use funds to accelerate development of
its virtual and in-person care platform and to expand into
Washington D.C., Maryland, and Virginia markets.
"This investment is a pivotal milestone for Kins, highlighting
our progress in revolutionizing physical therapy care," said
Dan Smith, CEO of Kins. "We have
proven our exceptional care model with patients, providers, and
health systems. We are excited for this next chapter working with
payers on value based care delivery."
Kins' combination of virtual and in-person treatment continues
to surpass both traditional physical therapy clinic performance and
newer digital-only MSK solutions. 84% of Kins patients successfully
complete their care and report 3x higher industry results in
functional and quality of life improvement.
"Kins is transforming the delivery of physical therapy in
today's digital age," said Christopher
George, Investment Manager at Healthworx. "We are excited by
the potential of the company's hybrid care model to improve access
and outcomes for patients, while working to reduce costs for
payers."
"We are modernizing patient care by providing a level of
convenience and access that traditional clinic settings simply
can't match. Beyond convenience, we are delivering significantly
improved clinical outcomes at lower costs," stated Nadine Booysen, Chief Clinical Officer. "There
will always be a need for clinical care, delivered by licensed
providers. With Kins, our personalized, hybrid physical therapy
approach leverages technology to efficiently deliver value-driven
care at scale."
Since its launch in 2021, Kins has provided 1-on-1 hybrid care
to thousands of patients, resulting in 92 NPS patient satisfaction,
more than 2x higher industry results in pain reduction, and 77% of
patients achieving all their personal goals. Currently available in
New York and Massachusetts, Kins will now expand service to
DC, Maryland and Virginia.
About Kins
Kins is a physical therapy practice that delivers personal
connection and modern convenience. Offering a hybrid model of
virtual and in-person care, Kins enables therapists and patients to
collaborate in creating a course of care designed around the
patients' needs. For more information about Kins, please visit
https://www.kins.com.
About Healthworx
Healthworx operates at the intersection of healthcare and
innovation by creating, co-creating, and investing in companies
improving healthcare quality, accessibility, affordability, and
equity. Healthworx envisions a healthier future for all people by
changing how health works. For more information about Healthworx,
please visit https://www.healthworx.com.
Press Inquires: press@kins.com
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SOURCE Kins