US-based Forward Health, a healthcare system empowering doctors with technology and data to monitor and assist long-term health, raised US$ 225 million in Series D funding on 11 March 2021.
Investors: The investors include Founders Fund, Khosla Ventures, Softbank and First Round Capital and angel investors – Eric Schmidt, Marc Benioff, Neil Blumenthal, The Weeknd and Ashton Kutcher among others.
Purpose of the funding: The funding will be utilized by the company to expand its healthcare system nationwide. It is also looking forward to introducing new doctor-led programs focused on heart health, COVID-19, stress, anxiety, cancer detection and weight management.
About Forward Health
Founded in 2016 by Adrian Aoun, Forward Health helps healthcare providers transition to the new world of value-based care. It has designed an intelligent system that empowers doctors with new tools like remote biometrics monitoring, app-based care and predictive risk scoring to provide advanced healthcare to patients. Forward Health provides accurate data and clinical measures from both internal and external sources to help in the improvement of patient health in a cost-effective way.
Forward Health is a membership-based platform. It provides unlimited in-person care at its technology-driven clinics. The first-time visits usually last for around 60 minutes, whereas the national average is 15 minutes. After the initial visit, the findings of the member’s health are fed into the member’s health plan. Doctors use continuous biometric and behavioural data monitoring to make personal health programs and prevent members from any future health problems like cancer and heart disease.
Forward Health has locations in Los Angeles, San Diego, San Francisco, New York, Chicago, Seattle, Orange County and Washington, D.C
What the CEO has to say: “The pandemic has further exposed the limitations of traditional healthcare, and the band-aid of telehealth alone does not solve the problem. We’re grateful that our investors have recognized this and are backing a new healthcare system that requires no insurance. In addition to serving as your single-source for every day, primary care, our insight-led care helps identify issues early so you can stay healthy for the long-term.” — Adrian Aoun, CEO and co-founder, Forward Health.
What investors have to say: “I invested in Forward Health because I walked into the Los Angeles location and couldn’t believe what I saw, a state-of-the-art facility that looked like the exact opposite of what you’d expect to see in a typical doctor’s office, with no waiting room and everyone being seen straight away.” — The Weeknd.
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