We are proud to announce MDLIVE's growth investment led by experienced telehealth investor, Health Velocity Capital; by existing partners Cigna Corporation and Health Care Service Corporation (HCSC); and with participation from Novo Holdings A/S and industry Ventures.
MDLIVE closes strategic growth investment
for continued expansion of the industry's most comprehensive virtual health platform. MDLIVE focuses on delivering high-quality, convenient, cost-effective multi-specialty virtual access to care. It is one of the nation's largest and fastest growing companies addressing this opportunity to over 27 million Americans. Marty Felsenthal, Health Velocity Capital Managing Partner, states, "We believe telehealth is a platform play with customers wishing to access virtual primary care, behavioral health care, dermatology, and, in the future, virtual post-discharge services, virtual chronic condition clinics... With more than a decade of experience in this sector...[we] believe MDLIVE to be the nation's leading next-generation telehealth platforms."
Frequently Asked Questions
Q: What are the implications of this funding?
A: We look forward to using this funding to help further accelerate our industry-leading consumer and clinician experience as well as accelerate the growth of the company.
Q: What is especially notable about this strategic financing deal?
A: This is the first direct investment by either Cigna or HCSC into a telehealth company. It is a testament to the outcomes we have delivered for them and their belief that the future of healthcare is going virtual.
Q: How does this affect our relationship with these companies?
A: This will help us better align our vision and mission with HCSC and Cigna, as well as improve our focus on incorporating the “Voice of the Customer” into all our processes.
Q: What are examples of future telehealth services that this fundraising can potentially help develop in MDLIVE?
A: Patient access to: post-discharge services, virtual chronic condition clinics, connected devices, and a myriad of other use cases from a single source.