Healthcare-navigation platform Amino Health has obtained a further $42 million in credit score financing from Oxford Finance following its $80 million raise in Could.
WHAT IT DOES
The California-based firm connects its members with bodily and psychological healthcare suppliers and advantages applications, and permits its members to e-book appointments and preserve observe of their favourite suppliers. It additionally distributes value and high quality rankings for suppliers and services.
Amino will use the funds to hurry up its progress, add to its group, develop market attain and advance its expertise infrastructure.
“We’re delighted to assist Amino in its mission to rework the healthcare navigation expertise,” Rohit Gandhi, senior director at Oxford, stated in an announcement. “Amino has demonstrated outstanding innovation and disruption within the digital well being area, and we imagine their platform has the potential to revolutionize the best way people entry and navigate healthcare providers. This funding displays our confidence in Amino’s management, imaginative and prescient, and skill to make a big affect within the trade.”
MARKET SNAPSHOT
The corporate started as a direct-to-consumer platform. It has since transitioned to an enterprise subscription mannequin with members from well being plans, advantages directors, third-party directors and care distributors.
In 2017, Amino raised $25 million in Series C funding.
Different corporations within the care-navigation area embrace Rightway, an employee-focused care-navigation and pharmacy-benefits platform, and Accolade, which affords digital healthcare and care- and benefits-navigation providers.
