98point6 received $50 million in financing from the Goldman Sachs Commercial Banking Department for its healthcare -based healthcare services.
This further indicates that Jo Natauri, the leader of the Goldman Sachs Health Investment Department, is also very much in favor of the service provided by 98point6. Many people now like to send text messages and communicate with doctors instead of video chats.
Here's what a patient thinks: I don't like to video chat with my doctor. I prefer to send text messages and pictures, or I can communicate face to face. Because video chat feels weird. As for why there is such a feeling, I am not sure.
According to documents released by the Securities and Exchange Commission, Seattle-based 98point6 has previously received more than 36 million from investors including YIS Capital founder Jeffrey Greenstein. Dollar financing.
98point6 said it will use the funds to develop products, improve service quality and recruit more doctors for the company.
The company's business has covered 37 states, including Washington. It is expected that in the beginning of 2019, the company's business scope will be extended to 50 states.
The company said that by 2025, the United States will need 52,000 doctors to meet patient needs. Given the current lack of doctors in the United States, 98point6, a communication-oriented medical service, is a viable alternative.
“Basic health care is the primary entry point for individuals to adapt to increasingly complex medical systems, providing patient education, encouraging preventive care, and controlling medical costs,†Natauri said in a statement.
This investment is closely related to the arguments put forward by Natauri, that is, medical health investment activities are mainly to control the participation of patients in this process. For this purpose, many large healthcare providers have been acquired, such as Aetna spending $69 billion to acquire CVS.
For Goldman Sachs, this investment project is interesting because 98point6 is a direct competitor to Goldman Sachs' investment partner, DoctorOnDemand.
Earlier this year, the company received $74 million in financing and was known as a strong contender for improving the quality of telemedicine services.
These companies are from the perspective of patients, and hope that they can have more ways to replace the traditional way of seeing doctors. And some companies are from the doctor's point of view, providing doctors with a safe communication tool to understand patients through text and video.
Like other startups addressing health care issues, 98point6 combines algorithm-defined care and natural language processing methods developed by board-certified physicians to help diagnose patients and propose reasonable treatment options.
If the patient does need a specialist, the doctor can refer to it.
Today, 98point6 sells its services through commercial contracts with its customers and healthcare providers, as well as direct-to-consumer marketing. For users who pay for their own pockets, they will have to pay $20 for the first year and $120 for the second year.
It is reported that by the end of this year, the company will have 100,000 patients with Seattle Children's Hospital, Aegis Living and Zones Inc. Wait for the hospital to sign a commercial contract.
“We want to provide basic health care for everyone, and everyone can afford the cost of medical care, thus solving the crisis that nearly one-fifth of the US population does not have access to basic health care services.†Founder Robbie Cape said.
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