Visana Well being, a digital girls’s well being clinic, has secured $24 million in Collection A funding to broaden its companies, the corporate announced on Tuesday.
The Minneapolis, Minnesota-based firm treats girls for a spread of situations, together with menopause, endometriosis, fibroids, polycystic ovary syndrome, contraception, urinary tract infections and different situations. Visana Health serves well being plans and employers and its companies can be found in all 50 states. It really works with greater than 40 employers protecting over 1 million lives, whereas its well being plan companions signify greater than 35 million lined lives.
Its Collection A spherical was led by Noro-Moseley Companions and included participation from The Cigna Group Ventures, Intermountain Ventures, Flare Capital Companions and Frist Cressey Ventures. In complete, it has raised $36 million.
The financing will assist Visana Well being broaden into weight reduction, cardiometabolic care and persistent situation administration, akin to diabetes, thyroid issues and heart problems. As well as, the funding will develop its AI capabilities and cut back administrative burden on suppliers.
At the moment, there’s a main scarcity of girls’s well being suppliers, and ladies’s well being is a high 5 driver of price for employers, in keeping with Visana. The corporate can cut back employer medical prices by 34%, cut back pointless procedures by 78% and create $2,400 in annual financial savings per enrollee, a latest actuarial evaluation confirmed.
“Visana helps employers and well being plans sort out rising prices by addressing high-spend, underserved girls’s well being situations with a whole-person care mannequin,” mentioned Joe Connolly, cofounder and CEO of Visana Well being, in an electronic mail. “Not like level options that solely handle slender areas of care, Visana takes on the advanced, high-cost situations—akin to endometriosis, PCOS, cardiometabolic illness, and behavioral well being—that drive a disproportionate share of spend however traditionally have had few scalable options.”
Visana’s means to scale back prices for employers and well being plans is partially why Noro-Moseley Companions invested within the firm.
“We invested in Visana as a result of it has confirmed what few firms in healthcare obtain – a scalable mannequin that delivers higher outcomes at decrease price. … That degree of validation makes Visana a category-defining chief in complete girls’s well being,” Spence McClelland, normal accomplice of healthcare at Noro-Moseley Companions, informed MedCity Information.
Finally, Visana goals to “ship on the triple goal of healthcare for all girls – delivering nice medical outcomes, a brand new and improved care expertise and lowering the overall price of care by means of complete digital care that treats the entire individual, not simply particular person signs,” Connolly added.
Different girls’s well being firms embrace Tia Well being and Maven Clinic.
Picture: asnidamarwani, Getty Pictures
