Draft:Buoy Health
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Buoy Health Inc is a Boston-based digital health company.[1] It has database of over 18,000 clinical encounters, which includes symptoms, risk factors, and diagnoses from 5 million patients.[2] In November, 2020 it received funding of $37 million from Cigna, Humana, Optum and United Health.[3]
History[edit]
It was founded on August 1st, 2014, by Andrew Le, a Harvard Medical School and MIT graduate, and his friend Eddie Reyes.[4] Le started Buoy Health to address the misinformation and confusion that often arises when people search online for symptoms and health concerns.[5] Le claimed that Buoy's Covid symptom checker was accessible to 190 million people when the company rushed to include COVID-19 symptoms in the program in January 2020.[6]
Funding[edit]
In 2017, it raised $6.7 million in a round co-led by Fidelity Investments.[7] Bill Hambrecht lead a $15 million funding round for Buoy Health in 2019.[1] In its 2020 funding round, a Series C investment, the company raised $37 million.[8] The round was co-led by the venture arms of major insurers, including Cigna, Humana, Optum and United Health, this investment round valued Buoy Health at just under $200 million.[6]
References[edit]
- ^ a b Rosenbaum, Leah. "Bill Hambrecht Leads $15 Million Funding Round For Buoy Health". Forbes.
- ^ Hartmans, Avery. "This easy-to-use app eliminates the scary feeling of looking up your health symptoms online". Business Insider.
- ^ Dodge, Blake. "We got an exclusive look at the presentation that convinced 3 rival firms to invest $37.5 million in a hot healthcare startup that's using AI to keep patients out of the emergency room". Business Insider.
- ^ Swicki, Bill (26 December 2019). "Health system's online assistant helps patients find the right kind and level of care". Healthcare IT News.
- ^ Leonard, Kimberly. "How a top young healthcare leader convinced investors to bet on an entirely new approach to online healthcare just weeks after his house burned down". Business Insider.
- ^ a b Tozzi, John (10 November 2020). "Startup Buoy Health Raises Funds at Near $200 Million Valuation". Bloomberg.
- ^ Hagen, Jessica (9 August 2017). "Buoy Health gets $6.7M, plans to work with payers, providers". MobiHealthNews.
- ^ Ben-Hutta, Gabriella (10 November 2020). "Digital health company Buoy raises $37.5M in Series C funding". Coverager - Insurance news and insights.
External links[edit]
Category:Medical technology companies of the United States Category:Health informatics organizations Category:Health care companies established in 2014 Category:Health care companies based in Massachusetts Category:Companies based in Boston Category:Electronic health record software companies