Joe Connolly, the co-founder and CEO of Visana Health, a digital platform dedicated to women's health, was driven to establish the company by his mother's struggles within the healthcare system. She battled endometriosis and uterine fibroids, enduring extreme pain during her menstrual cycle. Despite seeking medical help, she felt her symptoms were dismissed, and after 25 years of suffering, she was advised that a hysterectomy was her sole recourse.
Headquartered in Minneapolis, Minnesota, Visana Health aims to assist women like Connolly's mother through its virtual healthcare platform. The platform addresses various conditions such as menopause, endometriosis, fibroids, polycystic ovary syndrome, contraception, urinary tract infections, and more. Their services are accessible across all 50 states, catering to health plans and employers. Following a recent announcement, the company secured $10.1 million in seed funding and is now poised to expand its customer base.
The funding was led by Flare Capital Partners and Frist Cressey Ventures, with contributions from InHealth Ventures, Oxeon Partners, Pixel Perfect Ventures, and Venture Investors. In total, Visana Health has raised over $13 million. Margaret Malone from Flare Capital Partners praised Visana's ability to significantly impact clinical outcomes, while Dr. Bill Frist of Frist Cressey Ventures commended its virtual clinical care model for reducing costs and improving outcomes.
With the newly acquired funds, the company plans to enhance its workforce, attract more employers and payers, and broaden its services. Visana Health generates revenue through value-based care contracts with payers, focusing on demonstrating improvements in patient quality of life. For employers, their compensation is based on per-engaged-user arrangements.
Visana Health connects patients to care teams, including OBGYNs, nurse practitioners, care coordinators, and coaches. Besides reproductive health, the platform offers services like behavioral health and nutrition, tailoring treatment plans to each woman's unique needs. When in-person care is necessary, the company guides patients to suitable facilities through partnerships with physical healthcare providers.
In a field occupied by players like Tia and Maven Clinic, Visana Health distinguishes itself through its emphasis on value-based care and exclusive focus on virtual care. Unlike Tia, which offers both in-person and virtual care, Visana solely provides virtual services and collaborates with payers and employers, not health systems. Furthermore, Visana's clinicians are W-2 employees, unlike Maven Clinic, which outsources its care.
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