Overview

Buoy Health provides a digital self-screening tool that helps users assess their health and make informed decisions. The tool allows individuals to evaluate their symptoms and determine the appropriate next steps for care. It is particularly useful for large organizations, such as health plans and healthcare institutions, as it helps reduce the burden on healthcare resources by offering a scalable solution for health risk assessment. Buoy Health differentiates itself from competitors by offering customizable implementations that can be integrated quickly into existing systems, often within 72 hours. The platform is updated daily with the latest medical guidelines from the CDC, ensuring users receive accurate and timely information. The goal of Buoy Health is to provide accessible and reliable health information to individuals and organizations, ultimately improving population health and reducing healthcare costs.

Simplify's Take

What believers are saying

• Increased demand for telehealth post-COVID-19 boosts Buoy Health's platform usage.
• AI in healthcare is growing, enhancing Buoy Health's AI-driven tools.
• The shift to value-based care aligns with Buoy Health's cost-reduction mission.

What critics are saying

• Competition from similar AI-powered platforms could dilute Buoy Health's market share.
• Technological advancements require costly updates to Buoy Health's platform.
• Privacy concerns over health data handling could impact Buoy Health's reputation.

What makes Buoy Health unique

• Buoy Health offers a personalized platform for symptom checking and health navigation.
• The platform integrates with health portals, providing custom configurations for employers.
• Buoy Health updates medical guidelines daily, ensuring up-to-date information for users.

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Funding

Total Funding

$79.3M

Below

Industry Average

Funded Over

6 Rounds

$37,500,000

Series C

Nov 2020

Series C funding is usually for startups that are doing well and are looking for more money to fuel major growth, such as acquiring other companies, expanding into global markets, or launching new product lines. Investors typically include larger venture capital firms and private equity.

Series C Funding Comparison

Below Average

Industry standards

Ind Avg. $50M

$16M

$37.5M

$40M

$50M

$62M

$100M

View all funding stages