On Health in 2 Point 00, Jess and I talk about TDOC earnings before getting into today’s deals. First, Virta Health scores $133 million in a round led by Tiger Global for its keto diabetes reversal program. Seqster raises $12 million in its Series A, and there are some interesting investors in this one. MSK startup Kaia Health raises $75 million, bringing its total to $123 million. Online pharmacy Capsule raises $300 million, bringing its total to $570 million. Finally Accolade acquires virtual primary care platform PlushCare in a $450 million deal. —Matthew Holt
Today on Health in 2 Point 00, Jess asks Matthew about AireHealth merging with BreathResearch, adding machine learning-based diagnostics to their respiratory health remote monitoring devices, Sharecare acquiring behavioral health platform MindSciences, the “digital One Medical” telemedicine company PlushCare raising $23 million in a Series B, and PatientPing raising $60 million to expand their e-notifications network to achieve greater interoperability and coordinated care. —Matthew Holt
Ryan McQuaid, former Head of Product for AT&T mHealth and friend of Health 2.0, joined Matthew Holt to discuss the launch of his brand new startup PlushCare. And when we say brand new, we mean as of writing this post, their Indiegogo campaign is a mere 23 hours old. PlushCare combines elements of telehealth and concierge medicine to provide basic health care via phone, email, and video chat for $10 per month. Busy working professionals can use the service to connect with Stanford MDs for same-day diagnosis and treatment of illnesses or injuries. The physicians provide advice, prescribe medicine, and will refer directly to primary care providers and specialists if necessary.
PlushCare removes the hassle of scheduling an in-person doctor visit, and provides the same care at lower costs. In addition, for each individual that purchases PlushCare, the company provides one child a lifetime of immunity to measles. PlushCare is currently accepting a limited number of members via their Indiegogo campaign to validate demand and user test. Several other companies are using a similar model of tech-enabled services, including American Well and Teladoc, but the space is sure to see more activity at the prospect of pushing basic care out of the doctor’s office in a way that is convenient for consumers and increases provider efficiency.