Addressing a gap in comprehensive virtual healthcare for women, Visana Health announced today that it has raised $10.1M in a seed funding round. The round, oversubscribed and co-led by Flare Capital Partners and Frist Cressey Ventures, also saw participation from InHealth Ventures, Oxeon Partners, Pixel Perfect Ventures, Venture Investors, among others. Visana’s investors and the organizations they represent comprise over 30 of the nation’s leading healthcare organizations. They recognize that evidence-based, digital platforms like the one Visana offers are the best way to provide the comprehensive, clinical, and value-focused care women so desperately need.
The company distinguishes itself as a virtual-first women’s health clinic, focusing on a whole-person care model catering to a broad range of women’s health issues. These range from menstruation to menopause, and also include conditions such as endometriosis, fibroids, PCOS, and UTIs. Operational in all 50 states, Visana collaborates with health plans and employer benefit plans to provide its services. Their team comprises Visana-trained doctors and nurse practitioners committed to delivering top-tier longitudinal medical care.
Highlighting the complexities of women’s health, Visana’s data shows that their average patient presents with over three co-morbidities. These represent high-cost cases that necessitate detailed and coordinated care. With its value-based approach, Visana has showcased improved patient outcomes, with a 4:1 return on investment for its health plan and employer partners.
“Most women’s health solutions focus narrowly on maternity and fertility, missing the mark for the 90% of women who aren’t actively building a family,” said Shelly Lanning, co-founder and president, Visana. “We built Visana to provide women with in-depth care for all phases of life.”
The typical clinical model for women’s healthcare today leads to underdiagnosis, delayed treatment, and ineffective, expensive procedures. Visana offers the first and only tech-enabled clinical model that enhances patient care by seamlessly integrating high-touch technology and data-driven insights that lead to more efficient diagnoses, personalized treatment plans and improved health outcomes, including a reduction in the number of unnecessary costly surgeries. Visana’s evidence-based clinical care team model was developed by Chief Medical Officer Dr. Barbara Levy, a renowned and experienced physician who is a passionate advocate for health equity and building care teams that improve the quality of women’s health across all phases of life.
“Our enterprise partners are committed to providing quality care to women, but are experiencing point solution fatigue and frustration at the lack of meaningful improvement in patient outcomes. They view Visana as a complete solution that is uniquely able to engage women where they are and deliver evidence-based care in a seamless model that is proven to reduce costs,” said Joe Connolly, co-founder and CEO, Visana. ”We plan to use this funding to develop and build on existing relationships with national health plans and Fortune 500 companies that need a comprehensive solution for women’s healthcare to support the well-being of their female employees and beneficiaries, and contribute to a healthier, more productive workforce and community.”
