HealtheMed

Overview
News
Telehealth?
Product stageSegments
Early
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Technology Service Providers
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HealtheMed is a telemedicine company based in Minneapolis, Minnesota, that provides a digital care platform called Clinic@Home to enable Medicaid waivered participants in the state to access healthcare services from their homes. The company's platform consists of a large TV with an attached camera and microphone that allows for two-way synchronous communication with healthcare providers. Clinic@Home offers services such as medication adherence monitoring, medication management, remote patient monitoring, chronic disease management, and access to primary and specialty care through telemedicine visits.

HealtheMed's solution aims to improve medication adherence in special needs populations by 45% to 90%, leading to healthier patients, fewer clinic visits, reduced hospital stays, and significant cost savings for state Medicaid budgets. The company partners with Best Buy's Geek Squad for the installation of its equipment in patients' homes. As of February 2023, HealtheMed was serving 180 clients in Minnesota and had plans to expand to over 1,000 clients by the end of the year.

In April 2022, HealtheMed secured USD 1.2 million in seed funding led by Panoramic Ventures and OCA Ventures to expand its digital care service offerings. In January 2023, the company raised an additional USD 5.7 million in a Series A round from Panoramic Ventures, OCA Ventures, and an undisclosed investor from Texas.


Sources

Disclaimer: This company profile has been generated using data obtained through automated web searches and advanced generative AI technology. While we strive to ensure the accuracy and reliability of our sources, auto-generated information could be outdated or inaccurate and should be verified independently.
HQ location:
1820 Old Highway 8 NorthWest Suite 300, New Brighton Mendota MN USA
Founded year:
2018
Employees:
1-10
IPO status:
Private
Total funding:
USD 13.9 mn
Last Funding:
USD 7.0 mn (Series Unknown; Jun 2024)
Last valuation:
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