Heal (company)

Heal is a health-tech startup headquartered in Los Angeles, operating a web and mobile app based telehealth and house call service in the United States. It was founded by Dr. Renee Dua in 2014.[1][2]

Heal
FormationOctober 10, 2014 (2014-10-10)
Legal statusActive
Location
  • United States
Membership
Required
Official language
English
Founder and Chief Executive Officer
Nick Desai
Founder and Chief Medical Officer
Dr. Renee Dua
Websiteheal.com

The company’s in-home services are available throughout California, with additional operations in Atlanta, Seattle, Spokane, Northern Virginia and Washington D.C., New Jersey, and New York City. In the wake of the coronavirus pandemic, Heal’s telemedicine services were extended to all residents of the relevant states, as well as to Maryland.[3]

History

Heal was founded in 2014 by Nephrologist Dr. Renee Dua, M.D. and her husband, entrepreneur Nick Desai.[4]

February 2015 marked the first Heal house call, and a $12 million seed round of funding was completed.[5]

In 2016, Heal raised $26.9 million in Series A financing with participation from Breyer Capital, Hashtag One and Slow Ventures, along with Qualcomm's executive chairman, Paul Jacobs, and the chief executive of Skydance Media, David Ellison.[5] Shortly after, the company closed a Series B round of funding, including investment from Fidelity Investments and Research, in the amount of $14.8 million.[5] [6]

By February 2017, Heal doctors had seen more than 16,000 patients.[7] Lionel Richie invested in Heal, partly as a result of his personal challenges with securing consistent healthcare while on tour.[8] Heal extended its service area from California to Washington DC, with plans to add additional markets in 2018.[9][10]

In 2018, Heal expanded to Atlanta, GA and introduced Medicare coverage.[11]

At the 2018 Consumer Electronics Show, Heal introduced the Heal Hub device in to securely transmit individual patient healthcare data to their doctors and other healthcare providers.[12]

In September 2019, Heal acquired the New York City-based company Doctors on Call for $15 million[13] that marked the startup’s quick expansion to Manhattan and the surrounding boroughs, as well as parts of New Jersey.[14]

As of April 2020, Heal has in-network partnerships with all major insurance companies, and has raised over $71.7 million in venture capital. Some investors include Glenview Capital, IRA Capital, Fargo Investments, Trans-Pacific Technology Fund, Pendrell Capital.[15]

Between February and March 2020, requests for Heal house calls reportedly spiked by 200 percent.[16] Eligible patients would now include all residents of all states where Heal doctors were already operational.[16]

Awards

In 2018, Heal won the Web Marketing Association’s MobileWebAward for Best Health Care Mobile Application.[17]

The Heal Hub device earned a 2018 CES Innovation Award in the Smart Home category.[18]

In 2019, the Consumer Technology Association, host of the CES Innovation Awards, named Heal its “Entrepreneur of the Year”.[19]

In April 2020, Heal was selected by Apple Inc. as the “App of the Day” in the App Store.[20]

Leadership

Paul Jacobs - Chairman of the board, Investor

Jeb Bush - Board member[21]

Payment and insurance

As of April 2020 heal house and telemedicine calls are covered in-network by the following insurance providers: Aetna, Health Net of California, Anthem Blue Cross California, BlueShield California, Humana, Medicare, United Healthcare, WellCare, and Alignment Healthcare. Patients with other insurers or without insurance coverage are charged a flat fee.[22][23][24]

References
  1. "Jeb Bush and ex-Qualcomm CEO Paul Jacobs join Heal's board". MedCity News. 2019-01-16. Retrieved 2019-02-13.
  2. Desapriya, Ediriweera (Winter 2019). "Characteristics of the modern-day physician house call". Journal of Medicine. 98 (8): e14671. doi:10.1097/MD.0000000000014671. PMC 6408061. PMID 30813215.
  3. "In-home healthcare network Heal launches telemedicine app for 102 million Americans". SiliconANGLE. 2020-03-24. Retrieved 2020-05-06.
  4. Ioannou, Lori (2017-03-05). "Lionel Richie and other investors bet on this Uber for health care". www.cnbc.com. Retrieved 2019-02-13.
  5. "Bringing doctors to patients for on-demand house calls, Heal raises $26.9 million". TechCrunch. Retrieved 2019-02-13.
  6. "Heal raises $20 million to let doctors make house calls". VentureBeat. 2018-05-22. Retrieved 2019-02-13.
  7. "Heal's on-demand doctors have made 16,000 patient house calls". VentureBeat. 2017-02-22. Retrieved 2019-02-13.
  8. Schawbel, Dan. "Lionel Richie: His Secret For Staying Healthy While Touring The World". Forbes. Retrieved 2019-02-13.
  9. "Doctor on Demand". Washington Post.
  10. Baum, Stephanie (2017-06-01). "Heal expands house call-on-demand service eastward with DC launch". MedCity News. Retrieved 2019-02-13.
  11. "Heal adds Jeb Bush to board". www.bizjournals.com. Retrieved 2019-02-13.
  12. "Heal launches Wellbe so doctors can always track your vitals". TechCrunch. Retrieved 2019-02-13.
  13. Berg, Joel (2019-09-25). "House-call service Heal pays $15M for NYC-based Doctors on Call". MedCity News. Retrieved 2020-05-06.
  14. "Heal - About the company - Founding story, leadership and investors". Heal. Retrieved 2019-05-17.
  15. "Heal". Crunchbase. Retrieved 2019-05-17.
  16. "L.A. health-tech startup's doctor house calls spike during coronavirus crisis". www.bizjournals.com. Retrieved 2020-04-25.
  17. "Best Health Care Mobile Websites and Apps | MobileWebAwards". www.mobile-webaward.org. Retrieved 2020-05-06.
  18. "Innovation Awards 2018". CES.
  19. "CTA Names Six Industry Leaders to the 2019 CT Hall of Fame, will also Honor Two Innovation Entrepren". www.cta.tech. Retrieved 2020-05-06.
  20. "App of the Day: Heal: Telehealth & House Calls". App Store. Retrieved 2020-05-06.
  21. "Jeb Bush and ex-Qualcomm CEO Paul Jacobs join Heal's board". MedCity News. 2019-01-16. Retrieved 2019-05-17.
  22. "Doctor House Calls Go High Tech As Heal Launches In Atlanta". Hypepotamus. 2019-01-15. Retrieved 2019-02-13.
  23. Holly, Robert (2019-01-15). "Aetna, Heal Bring Doctor House Calls to Atlanta Market". Home Health Care News. Retrieved 2019-02-13.
  24. "Why One Startup Is Bringing Back the Doctor's House Call". Fortune. Retrieved 2019-02-13.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.