Notable private investors from Citadel, Dell, Publix and Starwood Capital supporting the push for innovation in healthcare technology.
Direct Health made the announcement today of its private capital raise of more than $22 million from individual investors including influential executives and board members from well-known global companies that include Citadel, Dell, Publix, and Starwood Capital. Direct Health founder and CEO, Clinton Phillips, indicated this funding represents a Series A capitalization to focus on the future of healthcare for doctors and patients.
Sometimes referred to as the “WhatsApp of Healthcare,” Direct Health has developed a disruptive mHealth technology that allows doctors to care for patients easily and securely right from their mobile phones.
Influential investors include Natie Kirsh of Jetro; Ken Griffin of Citadel; Barry Sternlicht of Starwood Capital; Howard Jenkins of Publix; Amit Bhatia of Swordfish; Brett Moody of Moody National; Antonio Gracias of Tesla; and Austin heavyweight Tom Meredith, formerly of Dell.
The HIPAA-compliant Direct Health platform allows patients to have virtual consults with their personal doctors, therapists and even veterinarians. Such telemedicine visits eliminate the need for as much as 80% of in-office visits that happen today and could drastically reduce the need for non-emergent E.R. visits – ultimately saving time and money for patients and doctors. In its first year since launch, Direct Health has been downloaded by over 2,500 medical providers.
Direct Health, founded in 2016, is focused on building technology that streamlines the patient care experience and is effortless for doctors to use. The mobile app allows doctors to address healthcare needs that can be better handled virtually as an alternative to time-consuming and costly in-office appointments.
“We are blessed and honored to have such great investors on our team,” said Phillips. “Our investors are world-shapers who are passionate about transforming healthcare globally.”
Direct Health has been generating news as winner of the prestigious “A-List” award from the Austin Chamber of Commerce and SXSW in recognition of its innovation as an emerging technology. Founder Clint Phillips, is also a finalist in Texas for the Ernst & Young Entrepreneur of the Year Award.
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