The clinical expertise informing Alpha medical comes from Lau’s chief medical director Mary Jacobson, an obstetrician and gynecologist.Īlpha Medical is hoping to fill a growing gap in primary care service. She’s a consulting faculty member at Stanford Engineering and a former vice president of Data at Timeful, which was acquired by Google in 2015. Lau is one of Alpha Medical’s two co-founders, and her expertise is primarily in the data world. “We’re in lots of conversations with health plans, we have some very small employer contracts that are inbound - actually that’s how we started thinking about it in the first place.” “We’ve started talking to health plans and employers to bridge the gap,” says Lau. It will also allow the company to expand from direct to consumer services to B2B services. This new round will allow the company to train and locate providers who can manage even more conditions (the most recent addition was polycystic ovarian syndrome). It also helped the company increase the number of conditions its providers can manage, from about three to 60. The previous round of funding helped the company accelerate its coverage: the company grew from offering services in about 10 states to 46, including D.C., Lau estimates. It includes participation from SpringRock Ventures, Margo Georgiadis, Outcomes Collective Growth Capital, FMZ Ventures, Samsung Next, Chamaeleon, AV8 Ventures and GSR Ventures.
Alpha medical series#
It brings the company’s total funding to $35 million, counting a Series A round that gleaned about $11 million. The remaining 20% or so needs to be in person,” Lau says.Īlpha’s new funding may not be a mega-round, but it fits within the trend. “But when you look at the grand scheme of things, we think about 80% of stuff can be done online. There are exceptions to this you might be referred to a lab for testing, or to another primary care provider if a condition can’t be managed online. “We do all of this online, asynchronously.” “We give you a primary care physician who is fluent ,” co-founder and CEO Gloria Lau tells TechCrunch. This type of telehealth is sometimes called “store and forward” - patient health records can be viewed by a physician on an online platform, rather than during a real-time visit.
For a $120 yearly fee (not covered by insurance) you can make an account, supply your medical history and patient intake forms, and are assigned a PCP with whom you’ll communicate via an online platform. Since then, the company has created a network of 30 staffed primary care providers (PCPs in industry shorthand), who treat female patients online, without phone or video calls. It’s another company situated squarely in the crosshairs of a pandemic-fueled boom in telemedicine investment, though Alpha Medical’s approach has one notable difference: you won’t be logging on to any Zoom calls.Īlpha Medical was founded in 2017. Alpha Medical, a telemedicine company focused on women’s healthcare, closed a $24 million Series B round on Tuesday.
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