Twentyeight Well being, a ladies's digital well being care firm, has secured $10 million in Collection A funding and launched new Medicaid partnerships with Aetna, AmeriHealth and Molina, the corporate introduced Tuesday.

New York Metropolis-based Twentyeight Well being operates in 43 states and presents telemedicine consultations, dwelling deliveries and entry to suppliers for companies akin to contraception and herpes remedies. The corporate accepts industrial and Medicaid insurance coverage and presents self-pay choices. The title is derived from the 28 days in a lady's menstrual cycle, in keeping with Bruno Van Tuykom, CEO and co-founder of Twentyeight Well being.

The corporate's $10 million Collection A spherical was led by Seae Ventures and included participation from Influence America Fund, The Social Entrepreneurs' Fund, RH Capital, Influence Engine, Gratitude Railroad and Townhall Ventures. To this point, Twentyeight Well being has raised $25 million.

“Elevating $10 million on this financial local weather is not any small feat and displays each the resilience and relevance of Twentyeight Well being's mission,” Arianne Kidder, associate at Seae Ventures, stated in an announcement. “With Medicaid spending $200 billion yearly on ladies's well being for girls of reproductive age, we see actual potential within the firm's platform and method. However this isn't simply in regards to the market alternative; it's about supporting an organization that tackles an pressing drawback in a wise, scalable and quality-driven method.”

Twentyeight Well being will use the financing to assist progress, put money into payer partnerships and make extra acquisitions. The corporate has already acquired affected person belongings from SimpleHealth and develop into a part of The Capsule Membership.

The startup additionally introduced new Medicaid partnerships with Aetna, AmeriHealth and Molina. Van Tuykom informed MedCity Information that Twentyeight Well being is seeking to serve all ladies, together with these on Medicaid, those that have industrial insurance coverage and people who are uninsured or underinsured. It at present accepts Medicaid in about 30 states and virtually each industrial plan.

In the end, Twentyeight Well being hopes to have the “biggest impression on entry to well being care for girls,” Van Tuykom stated. It goals to serve ladies in all states from contraception by way of menopause and supply extra companies akin to skincare and psychological well being care.

“That’s our North Star,” says Van Tuykom. “In apply, because of this we’re in 43 states, we wish to get to 50 states. We proceed to broaden services and products in order that our customers can have 50%, 70%, 90% of their wants coated by Twentyeight. There’ll all the time be issues which might be extra acceptable in individual, however there’s a lot we will do as a digital supplier. We wish to make Twentyeight obtainable and related to each girl within the nation.”

There are additionally a number of different digital corporations within the ladies's healthcare area, together with Maven Clinic and Hers. Van Tuykom stated Twentyeight differentiates itself by serving Medicaid and the underserved inhabitants, though it's value noting that Maven Clinic additionally works with Medicaid plans.

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