K Health
| Private | |
| ISIN | 🆔 |
| Industry | Healthcare |
| Founded 📆 | 2016 |
| Founders 👔 | Allon Bloch (CEO), Ran Shaul, Israel Roth, Adam Singolda[1] |
| Headquarters 🏙️ | , |
Area served 🗺️ | United States, Mexico, Israel |
| Services | Mobile patient-to-physician teleconferencing |
| Members | |
Number of employees | |
| 🌐 Website | khealth |
| 📇 Address | |
| 📞 telephone | |
K Health is a primary care telemedicine company based in New York City, New York, that connects patients with doctors.[2][3][4][5] In 2020, the company was active in all 50 U.S. states as well as in Mexico[6] and Israel,[1] and served around 4 million members.[2]
Background
The New York-based startup company K Health[7] was established in 2016 by serial entrepreneurs Allon Bloch, Adam Singolda, Israel Roth and Ran Shaul.[1][8] In July 2018, the company entered the US market by launching a free AI symptom checking chatbot app after securing $12.5 million in funding.[9][10] K Health's main offices are based in New York City and Tel Aviv.[11]
In 2019 K Health started offering remote doctor chats through their network of physicians. In May 2020, the company started a free program for Covid-related concerns,[1][12] and in June 2020 they entered Mexico’s healthcare market.[6][8] In October 2020, the company formed a partnership with Mayo Clinic through the Mayo Clinic Platform to accelerate the deployment of virtual care models by leveraging large deep data insight.[13][14] In January 2021, the company launched K for Parents, a remote pediatric service for children ages 3-17.[15]
Overall, the company has been funded by $200 million in direct investments since its launch in 2016.[3][16] In the last investment series round, the company raised $132 million.[2] Among its main investors are Kaiser Permanente’s pension fund, LTS Investments, GGV Capital and Valor Equity Partners along with 14W, Max Ventures, Pico Partners, Marcy Venture Partners, and BoxGroup.[3][4] In January 2021, K Health was valued at $1.4 billion by Bloomberg News.[2][11] It's been reported that the COVID-19 pandemic in 2020 accelerated the rise of telemedicine services including K Health.[5][17][18]
Business model
The company business model is based on users paying for on-demand access to doctors through one-time visits or a monthly subscription for unlimited access.[13][11][19][20] Primary services include telehealth, doctor visits, AI symptom checker,[21] anxiety and depression treatment, and prescriptions. In particular, K Health uses a chat-based interface on its mobile app to provide on-demand remote medical care.[1]
In media
According to Bloomberg News, "K Health has agreements with the Mayo Clinic and Maccabi Healthcare Services, Israel’s second-largest health-maintenance organization, to feed patient data into the company’s machine learning software."[2][22][13] K Health has been peer-reviewed in the studies related to COVID-19 self-assessment and algorithm-based program for identifying medical symptoms and conditions by research journals, including the Journal of Medical Internet Research and Medicine.[23][24]
References
- ↑ 1.0 1.1 1.2 1.3 1.4 "K Health". CNBC.
- ↑ 2.0 2.1 2.2 2.3 2.4 "Remote Care Startup K Health Valued at Over $1.4 Billion". Bloomberg.
- ↑ 3.0 3.1 3.2 "K Health expands into virtual child care and raises $132 million at a $1.5 billion valuation". TechCrunch.
- ↑ 4.0 4.1 "K Health Gets $48 Million for Digital Health Services". The Wall Street Journal.
- ↑ 5.0 5.1 "Telemedicine's Next Unicorn Could Very Well Be K Health Stock". NASDAQ.
- ↑ 6.0 6.1 "K Health, primera app de atención médica con Inteligencia Artificial disponible en México (Translation from Spanish: "K Health, the first medical care app with Artificial Intelligence available in Mexico")". Saludario.
- ↑ "Jay Z invests in Israeli medical diagnosis game changer K Health". GeekTime.
- ↑ 8.0 8.1 "Llega a México app de consultas médicas virtuales". ABC Noticias.
- ↑ "K Health Launches Symptom-Checking Chatbot With $9.5 Million". The Wall Street Journal.
- ↑ "K Health Secures $12.5 Million, Launches Healthcare App in New York". Haaretz.
- ↑ 11.0 11.1 11.2 "Israel's K Health Starts 2021 With $1.4 Billion Valuation". Jewish Business News.
- ↑ "LSU and K Health team up to provide Louisiana residents free access to doctors". BRProud.
- ↑ 13.0 13.1 13.2 "Symptom checker K Health strikes partnership with Mayo Clinic". MedCityNews.
- ↑ "Million, Partners With Mayo Clinic". Cheddar.
- ↑ "K Health Raises $132M Series E, Kicks Off New Virtual Pediatric Care Platform". Crunchbase News.
- ↑ "Virtual primary care, symptom checker startup K Health closes $132M Series E". Mobile Health News.
- ↑ "K Health raises $42 million at a $700 million valuation". Calcalist Tech.
- ↑ "10 Israeli-Founded Companies Reach Unicorn Status In 1st Quarter Of 2021". NoCamels.
- ↑ "Patients can check symptoms for free, then pay per session, or a subscription, to speak to a doctor". Vator T.V.
- ↑ "K Health CEO and co-founder Allon Bloch on VatorNews podcast". Vator.
- ↑ "K Health raises $25 million for its AI-powered primary care platform". TechCrunch.
- ↑ "Israeli HMO Maccabi taps AI, big data for healthcare innovation". CIO.
- ↑ "Characteristics and Symptoms of App Users Seeking COVID-19–Related Digital Health Information and Remote Services: Retrospective Cohort Study". Journal of Internet Medical Research (published on September 19, 2020).
- ↑ "Research Article: Diagnostic Accuracy Study". Medicine (published in October, 2019).
K-Health
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