Textual content-based digital care firm 98point6 introduced Thursday it had raised greater than $20 million to scale its new licensing providing.
The corporate additionally introduced a strategic partnership with Washington-based MultiCare Well being System, which would be the first to license the digital care know-how for its hybrid pressing and first care service dubbed Indigo Well being.
Present buyers taking part within the increase embody the Development Fund of L Catterton and Activant Capital.
WHAT IT DOES
98point6 makes use of a text-based interface to ship on-demand digital main care companies. Sufferers can enter details about their signs and an automatic assistant will match them to a doctor who can use picture, audio and video capabilities if obligatory. Customers may obtain prescriptions and lab orders.
The corporate added behavioral healthcare support early final yr, and not too long ago expanded the program to adolescents.
“Healthcare is in a interval of radical transformation – the earlier development and value discount methods of healthcare organizations, notably well being methods, will now not serve them,” Jay Burrell, president at 98point6, mentioned in an announcement.
“Our workforce has realized an incredible quantity previously seven years as a standalone digital clinic. I’m tremendously enthusiastic about this subsequent stage of our enterprise, as well being methods leverage the 98point6 platform to ship worth to their sufferers and their organizations in new methods.”
MARKET SNAPSHOT
Based in 2015, 98point6 most not too long ago raised two rounds of funding in 2020. It introduced a $118 million Series E round in October that yr, in addition to a $43 million Series D in April 2020.
Telehealth utilization expanded significantly through the COVID-19 pandemic. Although the development has moderated for the reason that early days of COVID-19, FAIR Well being’s Month-to-month Telehealth Regional Tracker discovered telehealth made up 5.4% of all medical claim lines in Could this yr.
There are a selection of established corporations in addition to startups providing digital care companies, together with TytoCare, eVisit and Zoom.
In the meantime, main participant Teladoc Well being posted nearly $10 billion in losses by means of the primary half of the yr. The digital care big has additionally been expanding its primary care program, Primary360, with same-day treatment supply and at-home lab assortment.
Amazon, which has these days been making massive information in well being tech, final week introduced it might shut down its Amazon Care telehealth program for employers on the finish of the yr. The information got here on the heels of the corporate’s agreement to acquire hybrid main care supplier One Medical for roughly $3.9 billion.
