Navigation Links
First Stop Health Secures an Additional $1.6 million in Capital to Accelerate Growth
Date:3/1/2017

First Stop Health, the telemedicine company generating the highest utilization in the industry, today announced its latest funding round of $1.6 million. First Stop Health has raised total capital of $7.2 million to date. Funds raised in this round will be used to accelerate the company’s growth.

First Stop Health co-founder and CEO Patrick Spain (co-founder and former CEO of Hoover’s) and co-founder and Chief Medical Officer Dr. Mark Friedman led the latest round of investment. They are joined by a dozen other long-time individual and family office investors and a new group of investors with operational experience in the employment benefits industry.

“So much money has been thrown into telemedicine, frequently with little improvement – much less any transformation to show for it,” Spain said. “First Stop Health has proven that it can grow rapidly by delivering value both to its employee members and their employers by providing the highest utilization in the telemedicine industry and guaranteeing its clients a positive ROI.”

Over the past two years, First Stop Health has leveraged its capital to expand its sales and marketing efforts, scale its customer care operations, and build out a technology platform that has allowed the company to delight a rapidly increasing membership base (400% growth in 2016). In 2017, the company will use its new capital to deepen its industry-leading engagement, expand strategically into adjacent services in telehealth, and expand its sales and technology capacity.

“While companies such as Teladoc, MDLive and Doctor on Demand are competitors, First Stop Health takes a completely different approach to the market,” said First Stop Health President David Guttman. “Our fundamental belief is that by focusing on delivering a delightful experience to our members, we can deliver hard dollar savings to their employers – our clients – and guarantee it in writing. No other player in our space has been able to match our performance.”

The dirty secret in telemedicine is that although more than 70% of Americans insured by larger employers are paying for and have access to telemedicine, fewer than 1% of Americans have ever taken advantage of a telemedicine consultation. This creates an enormous opportunity for a company like First Stop Health, which is focused on deep employee engagement and delivering measurable results for its clients.

First Stop Health’s business model focuses on engagement and boasts utilization rates averaging 6 times higher than the industry as a whole.

“I am extremely proud that First Stop Health provides a truly patient-centric solution that benefits the patient in both cost and convenience, allows employers to provide a health benefit that demonstrates an immediate ROI, and relieves stress on an overburdened primary care system,” said Maria Opdycke, COO of First Stop Health. “As the healthcare industry searches for ways to deliver consumer-centric healthcare, a high utilization telehealth benefit like ours delivers on the promise.”

About First Stop Health
Chicago-based First Stop Health is a convenient and affordable telemedicine and advocacy provider available to employees through their employers. It offers immediate, 24/7/365 phone and online access to its U.S.-based national physician network that aims to delight members with advice, diagnosis, and treatment – including prescriptions. First Stop Health also helps manage and reduce major medical claims. Connect with First Stop Health on LinkedIn, Facebook and Twitter @firststophealth.

Media Contact:
Maria Opdycke
773-791-5385
maria(at)fshealth(dot)com

Read the full story at http://www.prweb.com/releases/2017/02/prweb14084796.htm.


'/>"/>
Source: PRWeb
Copyright©2017 Vocus, Inc.
All rights reserved


Related medicine news :

1. Bright Pink® Celebrates Their First Decade Of Saving Lives With 10th Anniversary Week
2. Introducing Dialog Magazine – The First National Publication to Tackle the Empathy Problem by Engaging Readers in Interactive, Intergenerational Dialogue
3. The First “Meditation for the Modern World” Concept Announces Franchising Coming Soon
4. New Predictive HCC Risk Adjustment Solution Helps HMO Increase Revenue Capture by 2.5 Million in First 6 Months
5. THR Technologies Introduces First Instantaneous CBD Delivery System
6. First-Ever Heart Valve Disease Awareness Day Puts Condition in National Spotlight
7. Delaware Health Information Network Builds EHR Interoperability in the First State
8. Chigurupati Technologies Launches First Globally Disruptive Tech Out of India
9. Patient Group MIB Agents Organizes the First-Ever Osteosarcoma Research Conference to Improve Outcomes for Kids.
10. Dentist’s Money Digest® to Release First Issue on February 15
11. New Webinar Introduces DrugDev Spark™, First Unified Clinical Operations Suite, with Proven Solutions Including Site Selection, Activation, Payments, Engagement, eConsent
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:10/16/2018)... ... October 16, 2018 , ... ... it will host the proceedings of the 4th Annual International HPV Vaccine Education ... that runs Wednesday, May 22, 2019, through Friday, May 24, 2019, with a ...
(Date:10/13/2018)... PHOENIX (PRWEB) , ... October 12, 2018 , ... At ... pleased to announce they will be attending this year’s National Healthcare CXO Fall Summit ... event to discuss key Patient Access and Patient Experience challenges with leading healthcare providers. ...
(Date:10/13/2018)... ... October 12, 2018 , ... Convoy of Hope’s Disaster Services Team ... has a distribution site set up to serve hurricane survivors with water, food, baby ... Up to 50 additional truckloads of supplies are in motion to Florida. , ...
(Date:10/13/2018)... ... 13, 2018 , ... The National Fitness Foundation, the official ... Burley as its new Vice President of Partnerships & Marketing. , ... the mission of the President's Council by generating private sector investments and partnerships ...
(Date:10/11/2018)... ... October 11, 2018 , ... The ... are leading scientists in their fields recognized by DuPont Nutrition & Health for ... relevant to the future of food, nutrition and health. , This year’s medalists ...
Breaking Medicine News(10 mins):
(Date:10/20/2018)... ... October 19, 2018 , ... In an age where women are truly rising ... Selling Author, Forbes Riley , truly shines as a role model and a ... Forbes along with 7 other outstanding women will be honored as Tampa Bay's Most ...
(Date:10/18/2018)... ... October 18, 2018 , ... Ensurem, LLC, an ... insurance, announced today the launch of the first 100 percent digital application for ... its mission to streamline the insurance industry. , The e-application offers consumers the ...
(Date:10/17/2018)... COLOMBO, Sri Lanka (PRWEB) , ... October 17, 2018 , ... ... the export products and services, Sri Lanka Tea Board, and Coconut Development Authority are ... France from October 21 to 25, 2018. Widely billed as the world’s largest food ...
Breaking Medicine Technology: