Fabric

Fabric

Healthcare technology for care delivery efficiency

About Fabric

Simplify's Rating
Why Fabric is rated
A-
Rated B on Competitive Edge
Rated A on Growth Potential
Rated A on Differentiation

Industries

Consumer Software

Healthcare

Company Size

201-500

Company Stage

Series A

Total Funding

$80M

Headquarters

New York City, New York

Founded

2023

Overview

Fabric Health enhances healthcare delivery through its care enablement platform, which integrates with existing Electronic Medical Records (EMR) systems. This platform automates administrative tasks, helping to reduce the workload and stress for healthcare providers. It supports both virtual and in-person care by streamlining processes such as patient intake, triage, routing, and treatment. Unlike many competitors, Fabric Health focuses on unifying various stages of care to improve efficiency and patient outcomes. The company's goal is to improve operational efficiency and the quality of patient care for healthcare providers through a subscription-based model.

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Simplify's Take

What believers are saying

  • Fabric's subscription model offers scalable revenue from healthcare providers and major health systems.
  • Recent platform updates include integrated lab testing and concierge virtual care, enhancing patient experience.
  • Fabric's acquisition of MeMD expands its virtual care services to 30,000 employers and 5,000 members.

What critics are saying

  • Increased competition from similar AI-driven solutions could erode Fabric's market share.
  • The decline in telehealth popularity post-pandemic may impact Fabric's virtual care services.
  • Integration challenges from the MeMD acquisition may require significant resources and alignment efforts.

What makes Fabric unique

  • Fabric Health integrates seamlessly with existing EMR systems, enhancing healthcare delivery.
  • The platform automates administrative workflows, reducing clinical work time and provider burnout.
  • Fabric's Hybrid AI combines conversational AI with clinician-built logic for effective patient interactions.

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Funding

Total Funding

$80M

Above

Industry Average

Funded Over

2 Rounds

Notable Investors:
Series A funding typically happens when a startup has a product and some customers, and now needs funding to scale. This money is usually used to grow the team, expand marketing, and improve the product. Venture capital firms are frequently the main investors here.
Series A Funding Comparison
Above Average

Industry standards

$15M
$8.2M
Discord
$15M
Canva
$30M
Kalshi
$60M
Fabric

Benefits

Hybrid Work Options

Growth & Insights and Company News

Headcount

6 month growth

↑ 6%

1 year growth

↑ 0%

2 year growth

↑ 4%
Hit Consultant
Apr 10th, 2025
Fabric Launches Concierge Virtual Care With Subscriptions & Integrated Lab Testing

What You Should Know:– Fabric, a leader in care delivery and consumer experience, today announced major updates to its Virtual Care platform, including the launch of a subscription-based care model that brings consumer-grade convenience and continuity to traditional healthcare organizations.– These enhancements enable health systems, payers, employers, and digital health companies to offer more personalized, concierge care at scale—helping them expand access, build patient loyalty, and stand out in an increasingly competitive market. Additional updates include integrated at-home and in-person lab testing, seamless EMR integration, and a reimagined digital experience.Fabric Expands Virtual Care Platform to Power the Future of Connected HealthcareFabric is accelerating the transformation of digital health with an integrated platform that unifies care delivery, automates workflows, and enhances the patient and provider experience. Designed to simplify and standardize healthcare interactions, the platform brings together AI-driven tools, virtual services, and seamless integrations that support faster, more coordinated, and higher-quality care.Trusted by over 30,000 employers, payers, and health systems—including Intermountain Health, OSF HealthCare, MUSC Health, and Highmark—Fabric delivers technology-enabled care models across all 50 states. Backed by leading investors such as General Catalyst, Thrive Capital, GV (Google Ventures), and Salesforce Ventures, Fabric pairs clinical staffing with intelligent infrastructure to support urgent and behavioral health needs virtually.A Scalable Platform to Meet Growing DemandAs healthcare organizations confront mounting capacity constraints, staffing shortages, and rising costs, Fabric’s latest advancements are designed to strengthen competitiveness at the front door of care. By embedding virtual capabilities directly into existing systems, Fabric enables partners to deliver more responsive, accessible, and cost-effective services.Recent product innovations include:Integrated Nationwide Lab Testing : Providers can now order and review lab results directly within the Virtual Care platform. Patients have the flexibility to complete testing either at home using mailed kits or at partner lab locations nationwide

Health Technology Insights
Apr 9th, 2025
Fabric Launches Concierge Virtual Care with Subscriptions and Labs

Fabric, a leader in care delivery and consumer experience, announced major updates to its Virtual Care platform, including the launch of a subscription-based care model that brings consumer-grade convenience and continuity to traditional healthcare organizations.

PR Newswire
Feb 12th, 2025
Fabric Introduces Hybrid Ai For Safe, Accessible Healthcare, Named Industry Leader By Frost Sullivan

Fabric Unveils Hybrid AI, Purpose-Built for Healthcare Settings: the new technology combines multiple AI capabilities to create intuitive, patient-friendly experiences while prioritizing safety and clinical effectiveness. Built into Fabric's integrated solutions, Hybrid AI helps healthcare organizations improve patient access, enhance patient engagement, and ensure safer, more effective care.Named Leader in Conversational AI: Frost & Sullivan recognized Fabric as a market leader in enterprise conversational AI, citing its transformative platform-based solutions that streamline workflows and redefine care experiences.NEW YORK, Feb. 12, 2025 /PRNewswire/ -- Fabric , a leader in healthcare technology, is transforming care delivery with its Hybrid AI. By combining advanced conversational AI and physician-built clinical logic, Hybrid AI enables healthcare organizations to confidently adopt AI solutions that ensure seamless, safe, and effective patient experiences. This technology powers Fabric's integrated platform, which includes an AI assistant, symptom checking, virtual care, care pathways, provider search, and scheduling. Recognized by Frost & Sullivan as a leader in conversational AI, Fabric is setting new standards by building AI-powered solutions for the demands of healthcare.Fabric Hybrid AI seamlessly combines conversational AI with clinician-built logic to deliver safe, effective, and high-quality patient interactions—answering broad medical questions while supporting clinical decision-making.Fabric's data reflects the measurable impact on healthcare outcomes and operations through its use of Hybrid AI:900,000+ sessions of triage, navigation, and self-scheduling through Fabric's AI-powered solutions in 2024.of triage, navigation, and self-scheduling through Fabric's AI-powered solutions in 2024

Hit Consultant
Feb 12th, 2025
Fabric Introduces Hybrid Ai For Safe, Accessible Healthcare

What You Should Know:– Fabric, a leader in healthcare technology, is transforming care delivery with its Hybrid AI. By combining advanced conversational AI and physician-built clinical logic, Hybrid AI enables healthcare organizations to confidently adopt AI solutions that ensure seamless, safe, and effective patient experiences.– This technology powers Fabric’s integrated platform, which includes an AI assistant, symptom checking, virtual care, care pathways, provider search, and scheduling. Recognized by Frost & Sullivan as a leader in conversational AI, Fabric is setting new standards by building AI-powered solutions for the demands of healthcare.Fabric: Redefining Healthcare with Hybrid AI-Powered AutomationFabric delivers intelligently connected care solutions that standardize, automate, and unify healthcare experiences, enabling seamless consumer interactions and empowering clinicians to provide faster, higher-quality care. Its comprehensive platform includes an AI assistant, patient engagement tools, a provider directory, virtual care services, and workflow automation designed to streamline care delivery. Additionally, Fabric offers flexible virtual staffing models through its 50-state clinical network, leveraging its technology for virtual urgent and behavioral care.Serving over 30,000 employers, payers, and health systems—including Intermountain Health, OSF HealthCare, MUSC Health, Highmark, and Luminis Health—Fabric is backed by investors such as General Catalyst, Thrive Capital, GV (Google Ventures), and Salesforce Ventures. Its innovative approach to Hybrid AI is driving measurable improvements in healthcare outcomes and operations:900,000+ sessions of triage, navigation, and self-scheduling completed through AI-powered solutions in 2024.sessions of triage, navigation, and self-scheduling completed through AI-powered solutions in 2024

PYMNTS
Dec 31st, 2024
From Omnichannel To Open Banking: Pymnts’ Most Quotable Quotes Of 2024

Here at PYMNTS our main focus is exactly what the name says. But to our CEO Karen Webster’s credit, she saw that the digital shift that was happening in banking and the payments sector would be so dramatic that it needed to be set against the rest of the economy for context and comparison. For example, how do you discuss changes in open banking without considering how consumers and businesses shop and communicate?. The answer is you can’t. The Connected Economy methodology was born out of that instinct and knowledge and it defined 10 pillars that spanned banking, working, having fun, staying healthy and more. All share several touchpoints with payments and those touchpoints were reflected in our coverage this year of the Connected Economy

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