Los Angeles-based Heal, which offers an app-based physician house call service, has raised $14.8 million in Series B funding from Fidelity Management and Research Company. The company just announced $26.9 million in Series A funding a little less than two months ago, and this latest round brings their total funding to at least $54.8 million.
Heal, which launched last year, will use the new funding to accelerate growth – more robust marketing efforts to reach more patients, hiring more board-certified and licensed physicians, and creating more technology innovation. Additionally, Heal will look to other geographic markets.
The company currently only offers services in California and has delivered house-call care to more than 10,000 patients throughout the state. It is in-network with Blue Shield of California, Anthem Blue Cross of California, Cigna Healthcare, Aetna and United Healthcare, and patients can either access the service through an in-network copay or an all-inclusive, flat rate of $99.
Patients can use the Heal app to request a doctor seven days a week from 8 a.m. to 8 p.m. for non-emergency situations like colds, flu, rashes, fevers or sports injuries, or for wellness physicals. They can also use the app to get a primary care doctor if they don’t currently have one, and physicians can meet patients at their home, office, or hotel room.
“Heal has experienced strong demand from the investment community and is humbled to have Fidelity Management and Research Company reaffirm our vision,” Nick Desai, CEO and cofounder of Heal, said in a statement. “We look forward to working with them as we advance our movement to fundamentally improve healthcare in America.”
The company also announced a new board member: Richard Gephardt, former House Majority and Minority Leader from Missouri’s 3rd Congressional District and a two-time presidential candidate (Democratic party, 1988 and 2004). Gephardt, who became a lobbyist after his political career, founded the Atlanta-based consultancy firm Gephardt Group, of which he is currently president and CEO.
“During my time in Congress and more recently through my public affairs work, I have been committed to improving healthcare for all Americans,” Gephardt said in a statement. “What Heal is accomplishing is transformative and they have the potential to move the needle forward for healthcare in a positive way. The key to a better healthcare system is to increase quality by bettering the relationship that physicians have with their patients; Heal is doing just that. I’m excited to join the board and help Heal reach more Americans.”
