Kins, a pioneer in digital-first hybrid care physical therapy, has announced a significant milestone with the closure of a $7 million Series A financing round. This round includes strategic investment from Healthworx, the investment arm of CareFirst Inc., alongside participation from prominent investors such as Redesign Health, W Health Ventures, and Asahi Kasei Ventures. The infusion of capital will propel Kins towards expanding its groundbreaking virtual and in-person care platform into the Washington D.C., Maryland, and Virginia markets.
Dan Smith, CEO of Kins, expressed enthusiasm about the company’s trajectory, stating, “This investment marks a pivotal moment for Kins as we continue to redefine physical therapy care delivery. Our proven hybrid model has not only garnered strong patient and provider support but also demonstrated superior clinical outcomes.”
Kins’ innovative approach integrates virtual and in-person treatments, surpassing benchmarks set by both traditional physical therapy clinics and digital-only musculoskeletal (MSK) solutions. The company boasts an impressive 84% completion rate among patients, with outcomes showing three times higher improvements in functional and quality of life metrics compared to industry averages.
“This funding round underscores our commitment to enhancing patient outcomes and reducing healthcare costs through innovative care models,” remarked Nadine Booysen, Chief Clinical Officer at Kins. “Our personalized approach combines licensed clinical expertise with advanced technology, ensuring that patients receive high-quality care conveniently and effectively.”
Founded in 2021 and currently operational in New York and Massachusetts, Kins has garnered accolades for achieving a Net Promoter Score (NPS) of 92, far exceeding industry standards in pain reduction and goal attainment. With expansion plans into new markets, Kins aims to broaden access to its patient-centric care model, which emphasizes convenience without compromising on clinical efficacy.
Editorial View: Unlocking the Future of Physical Therapy
Kins represents a promising disruptor in the healthcare sector, leveraging technology to redefine the patient care experience. By bridging the gap between virtual and in-person care, Kins not only addresses accessibility challenges but also sets a new standard for clinical outcomes. The company’s emphasis on value-based care aligns with evolving healthcare trends, promising substantial benefits for patients, providers, and payers alike.
As Kins expands its footprint into the DC Metro area, Maryland, and Virginia, it stands poised to catalyze further innovation in the physical therapy landscape. The company’s commitment to personalized care and measurable outcomes positions it as a leader in the transition towards value-driven healthcare solutions.
If you need further assistance or have any corrections, please reach out to editor@thetimesmag.com.
