Telehealth startup has closed on a $10 million Series A round led by Austin-based聽.
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launched Remedy in early 2016 with the goal of providing 鈥渃onvenient and affordable access鈥 to medical care from a patient鈥檚 home, or serve as 鈥渁n Uber for house calls.鈥 The Austin-based company initially started out providing on-demand house calls before pivoting to a traditional telemedicine model that starts first with virtual visits and then can be escalated to an in-person home visit if needed. The company also operates a walk-in clinic in its home base of Austin to which it can also refer patients. Remedy鈥檚 platform also includes 24/7 access to nurse triage and lab test visits.
Remedy currently provides its telehealth services in Texas and California but has plans to expand into other markets, according to Gabrysch. The Series A takes its total raised to a , according to 附近上门 data.
Dr. Gabrysch had worked as an emergency room physician in Austin for several years before he and his wife,, moved to Ethiopia in 2011. There, he served as chief medical officer for a 150-bed teaching hospital and realized how wasteful Americans could be of the resources available to them.
鈥淚 had seen people coming to the ER with non-emergency issues because they couldn鈥檛 get into their primary-care doctor,鈥 he told me in 2016 when I interviewed him for an . 鈥淚 also would often help out friends or family that didn鈥檛 have insurance or had high deductibles by going over to treat them or their children. We thought, 鈥榃ouldn鈥檛 it be cool to offer this to everyone?鈥 鈥
The company has served 鈥渢ens of thousands鈥 of patients since its inception, according to Gabrysch. Its focus is on working with self-funded employers (including a Fortune 500 company), which make up a large part of its business. Remedy plans to use the new capital to expand to other states as well as broaden its technology platform, do some hiring, and open additional walk-in clinics.
鈥淲e want to scale and to grow as much as possible going to be in as many states as we need to be,鈥 Gabrysch told 附近上门 News.
I asked him how Remedy differentiates itself from the host of other telemedicine startups out there, and Gabrysch said he believes it 鈥渙ffers a broader suite of services.鈥 It also does not outsource its care to third parties, and instead hires providers to work as Remedy employees.
Sant茅 Ventures Managing Directors Dr. Joe Cunningham and Doug French are joining Remedy鈥檚 board as part of the financing.
鈥淎fter reviewing numerous telemedicine companies in recent years, we feel confident Remedy can scale beyond traditional primary care delivery and is well-positioned to dramatically lower costs and improve outcomes for high-cost procedures and chronic disease management,鈥 said Cunningham, in a written statement. 鈥淭he market potential for coordinated care delivery and chronic disease management from a telemedicine platform is the next evolution of this technology.鈥
Last month, we reported on how , an Austin-based healthcare and life science-focused venture firm, had raised $250 million in its third fund.
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