Rezilient Health, a hybrid primary care provider, announced it closed a $10 million Series A funding round.
Govo Venture Partners led the round, with participation from GoHealth founder Clint Jones at Bridge Ventures, GooseHead Insurance founders Mark and Robyn Jones, cofounder of Block, formerly Square, Jim McKelvey, answers.com founder David Karandish, Acorn Pacific Ventures, Verata Health founder Jeremy Friese, and The Council.
WHAT IT DOES
The St. Louis-based hybrid healthcare company works to lower employers’ total cost of care by increasing access and use of value-based primary care. It also offers same-day access to primary and specialty care physicians through its CloudClinics that are equipped with remote digital diagnostic tools. Rezilient members can access primary care, 73 types of specialty care, as well as in-house labs.
"Our goal today is the same as it was on day one: flip the traditional healthcare model on its head and deliver care that centers a transparent relationship between patients and their care team, in the communities that are typically overlooked by the innovation economy,” Dr. Danish Nagda, Rezilient’s chief executive officer and cofounder, said in a statement.
"This capital is not only a testament to our team’s relentless commitment to our customers, partners, and the families we continue to serve, it also sets the foundation for rapidly growing our impact across more communities that are being suffocated under the weight of the traditional U.S. healthcare industry."
MARKET SNAPSHOT
In September, Rezilient Health partnered with Oklahoma State University to provide eligible faculty and staff access to the company's CloudClinics for their primary and multispecialty care needs.
As a result of the partnership, faculty and staff members and their dependents seven years and older at the OCU-Stillwater campus and Langston University enrolled in the BlueOptions PPO or BlueEdge HDHP healthcare plans are eligible for Rezilient Health services.
Another company focused on tech-enabled primary care include Amazon's One Medical.
In July, Amazon announced it was repositioning its healthcare offerings by rebranding and integrating its Amazon Clinic into its hybrid primary care platform One Medical. The One Medical pay-per-visit telehealth service is available nationwide and gives consumers two options for healthcare services: a pay-per-visit or a membership-based model.
In February, another direct primary care provider, Everside Health, merged with Marathon Health to offer primary care for patients, employees and union-sponsored clients that use a value-based care model.
The combined company, operating under the Marathon Health brand name, offers its clients primary care, occupational health, mental health, pharmacy and musculoskeletal services.
In August, Walgreens announced that it was considering selling all of its VillageMD primary care clinics, restructuring the business or examining other strategic options, according to a filing with the Securities and Exchange Commission. The company acknowledged the existence of defaults under the VillageMD Secured Loan as it was facing the challenge of making the clinics scalable.
In 2023, Elation Health, which supplies tools for telehealth and patient engagement, partnered with Suvida Healthcare, a primary care group for Medicare-eligible Hispanic adults. Texas-based Suvida said it would make use of Elation's platform to help scale its value-based care operations.
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