Eden Health, a telemedicine company founded in 2015, has raised $25 million in Series B funding, in a component to expand its components with advertising real estate corporations through virtual and face-to-face fitness consultations. The funding cycle, which was conducted through Flare Capital Partners, with the participation of Greycroft, Aspect Ventures and other investors, puts Eden Health’s valuation at about $100 million, according to a source close to the issue.
“What we made the decision to do was create a commitment to our users so that no matter what happens in their sporting life, we can give them care directly,” says Matt McCambridge, co-founder and CEO of the company. “And we’ve used and partnered with employers and homeowners to get there.”
The news comes at a turbulent time for advertising of real estate investors, especially in New York, as tenants seek to get rid of their rental obligations. Eden Health is presented as a way for landlords to attract new tenants, while ensuring that existing tenants can protect their employees.
Flexible commissioning of the workplace Convene and The Connell Company have already signed up. They will need to receive on-site health care and Eden Health’s virtual list of physicians.
McCambridge says Eden Health can help companies return to paintings safely by tracking painters for COVID-19 symptoms before entering a physical office. “We delete them through the Eden Health app, adding the ability to take your temperature at home and verify this data through a photo,” he says. Additional precautions and medical care are most likely required to maximize the painter’s safety.
McCambridge co-founded the company with Scott Sansovich, Chief Product Officer at Eden Health, whom he met on the third day as an undergraduate at Harvard. McCambridge says he was motivated to enter the area due to the interactions of his training years with the fitness industry. Her sister was suffering from an undiagnosed illness and needed medical attention. “In four years, [she] ended up seeing more than 70 specialists,” she says. “There was no coordination.”
McCambridge says Eden Health experienced a 500% increase in the pandemic call, although the company refused to express percentage earnings data.
Today, telemedicine has become a $45 billion market, according to Statista, the industry faces increasing scrutiny of medical quality and confidentiality issues. Last week, the New York Times published an investigation into Talkspace, a “text therapy” company, about its handling of sensitive patient information.
However, experts say telemedicine, if done correctly, can be as effective as in-person care in some cases. “In our studies at Massachusetts General Hospital, patients with virtual video visits reported that visits were more convenient than workplace visits and that the perceived quality of communication and general care was not deferred,” says Dr. Karen Donelan, Harvard’s associate professor. Medical School. although you cannot comment in particular on Eden Health products. He added that “COVID-19 is radically turning the landscape of care, number one to urgent care and palliative care. We want to perceive where the human touch is essential.”
McCambridge, for its part, will have to prove that Eden Health can deliver quality and perhaps the owners of the assistance will remain afloat in the process. “We think it’s very important to build this in a very effective and clinically validated way,” he says.
Full policy and updates on Coronavirus
I’ve been a reporter at Forbes since 2016. Before that, I spent a year on the road: driving for Uber in Cleveland, volcano in Guatemala, raising farm animals in …
I’ve been a reporter at Forbes since 2016. Before that, I spent a year on the road, driving for Uber in Cleveland, the volcano in Guatemala, raising farm animals in Uruguay and a lot of things in between. I graduated from Tufts University with a double degree in foreign and Arab relations. Feel free to contact [email protected] with articles or concepts, or follow me on Twitter @Noah_Kirsch.