HealthJoy secures $12.5M to boost its AI healthcare benefits platform

Funding Rounds

Summary

Healthcare startup HealthJoy has secured $12.5 million in funding to double its team to 250 people over the next 10 months, to improve its artificial intelligence-powered benefits platform, the company says. “We’re excited to help this first-class team shape the future of how employees engage with their healthcare” The U.S. spends $3.5 trillion on healthcare annually, which has grown over 30-fold in the last 40 years, according to HealthJoy. “Our growth owes in large part to working with consultants whose vision for making an impact on healthcare aligns with ours,” says Morse-Schindler, whos also HealthJoy’s president. “The hardest part has always been to change the consumers behavior.” “We will be adding more in sales, implementation and customer success to support our brokers and clients throughout the country,” Morse-Schindler says. When someone comes onto the platform looking for an ER or an urgent care facility — provided it’s not an actual emergency — the artificial intelligence can redirect that person to an online medical consultation.

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Amount $12.5M Total raised
Date March 8, 2019 Announcement date
Investors EPIC Ventures, U.S. Venture Partners, Chicago Ventures Lead investors
Company http://www.healthjoy.com Funded company

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HealthTech
applications
AI & Machine learning

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