Morgan Health

Long-term demographic changes are finally bringing fertility technologies into focus.

Fertility Tech

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 Headquartered in Dublin and New York, LetsGetChecked (LGC) offers more than 100 at-home healthcare test kits for fertility, cholesterol, diabetes, thyroid, and Covid-19, among others. It provides the test results online and offers follow-up care through its telehealth and pharmacy offerings.
 
 
 In the fertility tech space, the company offers two types of finger-prick test kits (a progesterone test and an ovarian reserve test) that allow samples to be gathered at home, later being mailed to the lab for analysis. The progesterone test assesses whether ovulation has occurred, and the ovarian reserve test measures the Anti-Mullerian Hormone (AMH) to indicate the number of a woman’s remaining eggs.
 
 
 LetsGetChecked acquired the health and diagnostics company 
 <a href="https://sp-edge.com/updates/10149">
 BioIQ
 </a>
 in May 2022. BioIQ works with employers and health plans to provide health testing solutions such as lab testing, health screening, and vaccination services. The company operates through a nationwide network of labs and served millions of customers as at the date of acquisition. The acquisition expanded LetsGetChecked’s personalized at-home healthcare testing services including lab analysis, affiliated physician support, and prescription fulfillment to BioIQ’s health plans, employers, consumers, and public health partners.
 
 
 Key customers and partnerships
 
 
 As of September 2022, LetsGetChecked offered more than 100 at-home wellness and chronic condition tests, delivered over 10 million tests, and partnered with more than 300 business customers in the US, UK, and the EU.
 
 
 Funding and financials
 
 
 In June 2021, the company 
 <a href="https://sp-edge.com/updates/3009">
 raised USD 150 million
 </a>
 in Series D funding led by Casdin Capital, reaching unicorn status with a valuation of over USD 1 billion. The funds were utilized to expand internationally and strengthen its telehealth services, pharmacy capabilities, and at-home testing. In September 2022, the company 
 <a href="https://sp-edge.com/updates/12938">
 secured a USD 20 million extension
 </a>
 to its Series D round from Morgan Health, bringing the total funding raised to USD 283 million.
 
 
 The company benefited from the Covid-19 pandemic promoting at-home healthcare and claimed its revenue grew 1,500% YoY owing to the pandemic.
 
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Kindbody offers fertility monitoring and preservation services through more than 300 locations, including their own clinics as well via a network of partner clinics with COE (center of excellence). Its clinics and online support network provide gynecology and wellness services including fertility assessments, egg freezing, embryo freezing, in vitro fertilization (IVF), and LGBTQ fertility consultation among others.Kindbody launched its first consumer product—&nbsp;<a href="https://sp-edge.com/updates/7881">Kind at Home&nbsp;</a>, and made its foray into the fertility test-kit market in January 2022. Kind at Home, which is a fertility hormone test kit for both women and men, is administered via a finger prick blood test. The test kit includes personalized recommendations by Kindbody’s board-certified physicians. The test kit for women determines levels of seven reproductive hormones relating to ovulatory function, infertility, miscarriage, and menopause to indicate ovarian reserve and female reproductive health. The test kit for men also determines levels of seven reproductive hormones including testosterone to indicate male reproductive function and sexual health. The test kit provides comprehensive information on fertility windows with personalized physician-led recommendations on overall reproductive health through in-clinic or virtual appointments within the patient portal.Kindbody has expanded its own clinic network, having opened three in H1 2021, bringing its total to nine clinics as of June 2021, and is scheduled to open in 13 locations by the end of 2021.&nbsp;Following this Kindbody&nbsp;<a href="https://sp-edge.com/updates/8229">acquired Vios Fertility Institute&nbsp;</a>and its chain of clinics in February 2022, which valued the company at USD 1.15 billion. The acquisition doubled Kindbody's national footprint to 26 clinics and Kindbody expects to expand this to 40 by the end of 2022. Kindbody and Vios Fertility Institute together performed nearly 10,000 fertility treatments and served thousands of patients in 2021, which they expected to double in 2022. In June 2022, Kindbody&nbsp;<a href="https://sp-edge.com/updates/10954">acquired Phosphorus Labs&nbsp;</a>, a verticalized genetic testing platform providing clinical-grade genetic testing for genomic information access. The acquisition enabled Kindbody to incorporate genomics into patient care.&nbsp;In August 2022, Kindbody&nbsp;<a href="https://sp-edge.com/updates/12003">acquired Alternative Reproductive Resources (ARR)&nbsp;</a>, a gestational surrogacy agency to add gestational surrogacy as part of its product offerings and the company will absorb ARR’s employees to its KindEOS division–its in-house egg and embryo donor program.&nbsp;Key customers and partnershipsIn addition to its vast range of services, the company works with employers to make fertility care more affordable to its employees.- In&nbsp;<a href="https://www.prnewswire.com/news-releases/accolade-welcomes-kindbody-to-trusted-partner-ecosystem-302042017.html">January 2024</a>, Kindbody became part of Accolade's Trusted Partner Ecosystem to offer comprehensive, clinically guided support throughout members' fertility and family-building journeys, backed by a cost savings performance guarantee.&nbsp;- In&nbsp;<a href="https://kindbody.com/rightway-and-kindbody-partnership-expands-access-to-fertility-care-and-family-building-benefits/">September 2023</a>, Kindbody expanded its partnership with Rightway, focused on integrating its comprehensive fertility services into Rightway's care navigation platform, RightwayHub. The company also partnered with Quantum Health in&nbsp;<a href="https://kindbody.com/quantum-health-expands-family-building-offering-with-addition-of-kindbody/">July 2023</a>, incorporating its reproductive healthcare services into Quantum Health's Comprehensive Care Solutions platform.

New technologies are opening up mental health services to previously overbooked and underserved populations.

Mental Health Tech

Cortica offers various behavioral therapy options for children who face developmental challenges like autism spectrum disorders, pediatric strokes, and behavior disorders. The therapy options include speech therapy, music therapy, neuromodulation therapy, and nutrition counseling. The treatments are available in-person, at home or online, depending on the child's specific needs.The firm leverages data analytics, an in-house scheduling software platform and clinical decision support tools to provide applied behavioral analysis, medical, counseling and developmental services to children diagnosed with autism.In April 2023, the firm acquired two healthcare organizations, which increased Cortica's total integrated autism centers to 23 with 1,600 providers across seven states in the US. Following the acquisitions, the company was expected to serve more than 10,000 neurodivergent children and their families in 2023.Key customers and partnershipsThe company operates a B2B2C business model, partnering with health insurance companies for value-based payment arrangements.&nbsp;In September 2022, Cortica partnered with Point32Health to provide services to Tufts Health Plan commercial members and MassHealth members in Massachusetts. Cortica has also partnered with CVS Health Ventures, which led a USD 40 million funding round for the company in October 2023. This partnership aimed to improve access to Cortica's services for CVS Health members and their dependents.

Managing employee health-related benefits

Health Benefits Platforms

Centivo is a health plan administrator that focuses on providing affordable, high-quality healthcare to working Americans who struggle to pay their medical bills. By emphasizing the importance of primary care and building a network of high-value providers, Centivo aims to improve healthcare affordability and quality for employers and employees alike.The company's approach is designed to align incentives among employers, employees, and providers to create a win-win-win partnership, thereby unlocking genuine, sustainable value. Centivo's approach includes offering health plans with features such as free adult and pediatric primary care visits, no deductibles, predictable copays, and integrated virtual primary care, which are intended to reduce overall healthcare costs while enhancing the benefits​​​​. The company claims that, among mid-size and large employers, it reduces employers' healthcare costs by 15%–30% annually while simultaneously decreasing members' out-of-pocket expenses to less than USD 350 per person per year on average.In <a href="https://sp-edge.com/updates/29596">May 2024</a>, the company acquired Eden Health, a New York-based direct primary direct care provider, to scale up its healthcare plans centered around primary care. The terms of the transaction were not disclosed. Post-acquisition, Eden Health’s clinical services were integrated into Centivo's offerings, expanding the range of services available to members. This included enhanced access to primary care, mental health services, urgent care, and workplace pop-up clinics. Additionally, Eden Health's technology enabled data-driven engagement and collaborative care through various communication channels.Key customers and partnershipsCentivo's clients range from small businesses with as few as 51 employees to large Fortune 500 companies. Some of the company’s key clients are Equity Healthcare, Catholic Health Services of Long Island, and Stew Leonard's. As of <a href="https://sp-edge.com/updates/29596">May 2024</a>, Centivo served over 160 employers across the US.In <a href="https://centivo.com/centivo-launches-ssm-health-partnership-in-fond-du-lac-market/">July 2023</a>, Centivo partnered with SSM Health, a not-for-profit health system. The partnership offered more primary and specialty care services to Centivo members in Wisconsin, including areas like oncology, and cardiovascular disease. By promoting access to high-value healthcare providers that focus on primary care, the partnership aimed to lower healthcare-related costs for businesses and their employees. The collaboration was also expected to result in fewer emergency room visits and hospital admissions.

Redefining hospital care with the comfort of home

Hospital-at-Home

LetsGetChecked is a healthcare solutions company that provides at-home diagnostic testing kits and virtual care services. Founded in 2015 by Peter Foley, the company offers over 30 different health tests covering areas such as sexual health, women's health, men's health, general wellness, and Covid-19. LetsGetChecked's testing process involves customers ordering a kit online, collecting their sample at home, and mailing it back to CLIA-certified and CAP-accredited laboratories for analysis. Results are typically available within 2-5 days through a secure online portal. The company utilizes biomarkers to analyze health conditions and employs highly accurate testing methods like NAAT PCR and electrochemiluminescence arrays for certain tests. In November 2023, LetsGetChecked achieved a significant milestone when the FDA granted marketing authorization for its Simple 2 Test, the first at-home test for chlamydia and gonorrhea. The company has expanded its services to include telehealth consultations and prescription delivery, aiming to provide a comprehensive healthcare solution. LetsGetChecked operates its own manufacturing facilities and laboratories, allowing for quality control throughout the testing process. As of 2024, the company has delivered over 7 million tests and serves more than 30 markets globally.
Key customers and partnerships
LetsGetChecked has partnered with over 300 corporate customers to provide testing services and biometric screening solutions. The company has also collaborated with major retailers and healthcare providers. In 2023, LetsGetChecked announced a partnership with PatientsLikeMe (PLM), a community health network, to offer PLM members access to testing at discounted prices. Additionally, the company has worked with UnitedHealthcare, Optum, HSA Store, FSA Store, and CVS Pharmacy. LetsGetChecked's services are available nationwide in the US, the UK, and most EU countries, with co-headquarters in Dublin and New York.

Cortica provides diagnoses for autism, ADHD, developmental delays, and developmental differences. They offer in-home, in-clinic, and telehealth services. Their services include gene sequencing, metabolic testing, electroencephalography, nutrition evaluation, medication management, ABA therapy, parent coaching, speech-language therapy, occupational therapy, physical therapy, music therapy, and more.

Kindbody is a fertility clinic network and family-building benefits provider for employers offering comprehensive virtual and in-person care. Kindbody's clinically-managed program includes fertility assessments and education, fertility preservation, genetic testing, in vitro fertilization (IVF), donor and surrogacy services, and adoption. Employers partner with Kindbody to provide their employees with financial, medical, and emotional support as they pursue parenthood. Kindbody is the trusted fertility benefits provider for more than 100 employers, covering more than 2.4 million lives. Many thousands more receive their fertility care directly from Kindbody throughout the country at Kindbody’s network of signature clinics, mobile clinics, and partner clinics.

LetsGetChecked is an at-home health testing platform that connects customers to regulated laboratory testing to better manage and control one's individual health. LetsGetChecked is making healthcare and diagnostics open and patient-led, empowering people to use technology in a simple yet powerful way. This offers consumers greater control over their individual health.  LetsGetChecked is headquartered in New York, New York, with tests covering general wellness, sexual health, women's health, and men's health, and is available nationwide, as well as in Canada and Europe.

Centivo is a new type of health plan administrator that allows self-funded employers and clinicians to join forces and deliver high quality, affordable healthcare to their employees. An alternative to traditional insurance carriers or third-party administrators, Centivo offers the technology, network, claims processing, customer support, and population health management to fully administer health benefits for all or a portion of an employee population.   The Centivo model emphasizes the partnership between individuals and their primary care team as the proper model to coordinate healthcare needs. Centivo’s clinical partners are dedicated to controlling costs and helping members navigate the healthcare system, aided by personalized patient/doctor matching tools. Members are rewarded for working with their primary care team and choosing high-value care and are supported through a user-friendly app and their concierge. Employers get an ally that diligently roots out waste and is accountable for performance. It was formed in 2017 and headquartered in New York, United States.

Embold Health their online search platform, for both mobile and desktop where people can identify provider in medical research and clinical guidelines.

Vera Whole Health specializes in primary care services. They design programs to help people achieve social, psychological, and physical well-being. Their primary care delivers patient-provider relationships through informatics, referral management, care coordination, and health coaching.

Morgan Health is focused on improving the quality, efficiency, and equity of employer-sponsored healthcare. We will focus initially on JPMorgan Chase employees and families, but we will work with a range of healthcare experts and partners, including provider groups, health plans, employers, and other organizations that are advancing in healthcare system improvements.

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