en.Wedoany.com Reported, Telehealth company eMed has reached a valuation exceeding $20 billion after completing a $200 million Series A funding round. This Miami-based digital health startup's round was led by AON Consulting, with investors including retired NFL star Tom Brady. Brady became the company's Chief Health Officer earlier this year. Other investors include former X CEO and current eMed CEO Linda Yaccarino. eMed is a telehealth company dedicated to providing health management services through its technology platform.
The company stated that it will use the funds to develop its agent AI platform and fund a new "capitated model" aimed at helping employers manage healthcare costs, particularly those associated with GLP-1 diabetes and weight-loss drugs. According to the company press release, GLP-1 drugs are the most requested workplace benefit, yet only one in five companies offers it. eMed's program achieves over 90% member adherence, more than double the industry standard. The company reports that participating employees lost an average of 21 pounds, and 99% saw improvement in at least one key biomarker within six months. As a telehealth company, eMed seeks to enhance the effectiveness of employee health management through technological means.
Tom Brady said: "I believe eMed's empathetic agent AI platform, combined with the strength of its employees and partners, represents a true winning formula. It is on this belief that I have chosen to invest both my time as founding Chief Health Officer and my capital into this company."
Linda Yaccarino told FOX Business: "This funding round confirms eMed's momentum and establishes us as the authority in population health, helping employers get runaway healthcare costs under control and bend the cost curve." As a telehealth company, eMed's new funding will be used to expand platform capabilities to further serve the health management needs of employers and employees.
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