This Startup Raised $40 Million To Build A âMini-Kaiser Permanenteâ And Lower Employee Healthcare Costs
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DARELENE DEVITA/FIREFLY HEALTH
Andy Ellner and Jeff Greenberg first met while working at Brigham and Womenâs Hospital in Boston. While the two doctors loved practicing primary care, they realized there was something deeply flawed about a model that required patients to take half a day off of work for an appointment once or twice a year, when what they really needed was continuous engagement in order to change their behaviors. Plus, if you add a specialist to the mix, it could take weeks or even months to navigate referrals and get an appointment.
Press release content from Business Wire. The AP news staff was not involved in its creation.
Firefly Health Closes $40M Series B Led by Andreessen Horowitz (a16z)
April 7, 2021 GMT
WATERTOWN, Mass. (BUSINESS WIRE) Apr 7, 2021
Firefly Health – a virtual-first healthcare company with a mission of delivering half-priced healthcare that’s twice as good – today announced that it has closed $40M in Series B financing led by Andreessen Horowitz (a16z). Existing investors F-Prime Capital and Oak HC/FT also participated in the round. As part of the round, a16z General Partner Julie Yoo will join the Firefly Health board.
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Watertown, Massachusetts-based Firefly Health has closed its $40 million Series B funding round, led by Andreessen Horowitz.
The health navigation and concierge platform also got backing from previous investors F-Prime Capital and Oak HC/FT.
Along with the funding, the company has added a16z General Partner Julie Yoo to its board of directors, which is led by Jonathan Bush, cofounder and former CEO of athenahealth.
WHAT THEY DO
Firefly boasts that it delivers “half-priced healthcare that’s twice as good” through its platform.
When people sign up for the platform, they select a comprehensive care team that includes a primary care physician, nurse practitioner, health guide and behavioral health specialist. The care team is available whenever the patient needs them through video visits or via in-app chat.
Anne Schrager February 26, 2021Updated: March 18, 2021, 7:17 am
Cynthia Ling Lee in “Blood Run” as part of the Deborah Slater Dance Theater Studio 210 Residency Performance. Photo: Diana Chen, Deborah Slater Dance Theater
The month of March is typically dedicated to honoring mighty women and shining a light on the impactful ways they have brought change and contributed to the improvement of equal rights through the ages.
Women’s History Month is celebrated across the U.S. and around the world and corresponds with International Women’s Day (March 8). Bay Area organizations plan to recognize the celebration with a variety of virtual performances, activities and lectures aimed at highlighting women’s and girls’ power all month long.