Antidote Health is a telemedicine service provider, $12 million has been raised In the seed fund.
This round of financing was led by angel investors, including iAngels, Well-Tech Ventures and Flint Capital.
The company was established in January Provide inspired care models Provided by the Israeli healthcare system. Antidote Health’s artificial intelligence-driven virtual health maintenance organization connects patients with doctors through chatbots and video calls.
As with the Israeli system, patients pay monthly membership fees, and membership fees for Antidote Health start at $29 per month. The company also offers a family health plan. Members pay $59 a month for unlimited visits, zero co-payments for most prescription drugs—until the patient’s 21st visit—and control their medical records. Any family member can use telemedicine services.
The company’s co-founder and president Ben Enosh explained in an email that when patients want to see a doctor, they use the chatbot on the Antidote Health app for an artificial intelligence-driven classification process. After the triage, a video conference with the doctor was arranged. Any treatment expenses covered by the membership plan will be reimbursed using the debit card issued to the member by Antidote.
The company currently has operations in New York, New Jersey, Michigan, Florida and North Carolina. Enosh said it plans to use seed funding to expand to more states, starting with California.
Antidote Health currently has 50 doctors on its platform and plans to increase to 100 by the end of the quarter.
Enosh said that although it currently only provides emergency and primary care services, its goal is to expand its clinical services in the next quarter.
The antidote was launched at the right time for telemedicine services in the United States. The Covid-19 pandemic has exponentially increased the use of telemedicine. Although it has declined since its peak in April 2020, the use of telemedicine is still Still 38 times higher Than before the epidemic.
This surge has prompted the establishment of new companies and a surge in telemedicine funding, as well as global investment Set an all-time high of 5 billion U.S. dollars The second quarter of 2021.
This provides strong competition for Antidote, companies like this 98 points 6 with healthy Provide similar services. But the company may be able to differentiate itself by offering zero co-payments for initial visits and including the entire family in its plan.
Looking ahead, Antidote Health plans to expand nationwide, focusing on low-income or uninsured Americans who cannot afford medical expenses.
Photo: Abscent84, Getty Images
