Revolutionizing Digestive Health: Oshi Health Takes Up $30M In Series B Funding
Digestive disorders affect 1 in 4 Americans and have a high economic burden, driving $135 billion in annual costs. Traditional GI care often leaves patients unsupported between visits, leading to prolonged suffering, high avoidable costs, and long wait times for appointments. But what if there was a way to address these issues and provide comprehensive care for digestive disorders? This is exactly what Oshi Health is aiming for.
Oshi Health, a virtual gastrointestinal care clinic, has recently raised $30 million in series B funding to scale up its technology and meet the growing demand from patients, employers, health plans, and provider groups. This brings their total funding to $59.5 million, and they have partnerships with health platform Solera Health and virtual care company Firefly Health.
Oshi Health is addressing issues including Crohn’s disease and ulcerative colitis, using a comprehensive approach with gastroenterologists, dietitians, behavioral health support, and care coordinators. Their virtual multidisciplinary care resulted in significantly higher levels of patient engagement, satisfaction, and symptom control, as per a prospective study sponsored by Oshi Health.
Moreover, the recent clinical study results are driving accelerated contracting with payers and employers to reimburse access to Oshi Health as a covered benefit. Oshi Health’s services also drove all-cause medical cost savings of $10,292 per patient in just six months, the study found.
The company connects users with an integrated care team consisting of GI specialists including board-certified gastroenterologists, registered dietitians, GI-specialized mental health clinicians, and nurse practitioners. Oshi Health’s approach is to get to the root causes of chronic digestive symptoms and help members understand their own dietary and psychological triggers through iterative treatment and response.
The company’s platform is currently available to over 20 million people as a preferred in-network virtual gastroenterology clinic for national and regional insurers as well as their employer customers. Oshi Health also partners with community GI practices in a collaborative hybrid model to extend access to care, including reimbursed access to dietary and behavioral therapies.
The new funding will accelerate the next phase of Oshi Health’s growth, to scale its clinical team nationwide and forge relationships with health plans, employers, channel partners, and provider groups. “Our investors are collectively funding the change-makers in the most crucial categories of healthcare,” said Sam Holliday, Oshi Health CEO. “They see the transformation opportunity and urgency in digestive care as clearly as we do, and we’re proud to have them back our mission to free millions of Americans from their struggle with digestive symptoms and conditions.”
Oshi Health’s success is part of a growing list of virtual-first companies focused on gastrointestinal care, and the sector is attracting more investment dollars. Ayble Health launched last year with $4.6 million in seed funding, and Salvo Health, a New York-based virtual health clinic focusing on specialty care for chronic gut conditions, nabbed $10 million in seed funding. Oshi Health’s unique care model, which provides comprehensive care and addresses chronic digestive symptoms, is revolutionizing digestive health.
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