Virta Health

Virta Health

Reverses type 2 diabetes through personalized care

About

Virta Health focuses on reversing type 2 diabetes through a combination of personalized nutrition, continuous remote care, and behavioral science. Their treatment is designed for individuals diagnosed with type 2 diabetes, healthcare providers, and enterprise partners like employers and health plans. Unlike traditional diabetes management approaches, Virta Health aims to achieve actual reversal of the condition. They operate on a performance-based business model, meaning they only receive payment from enterprise partners if they successfully help patients reverse their diabetes. This aligns their financial success with patient outcomes, encouraging the adoption of their services. Virta Health's goal is to reverse type 2 diabetes in 100 million people, making them distinct in the healthcare market by focusing on long-term health improvements rather than just management of the disease.

Company Stage

Series E

Employees

501-1,000

Industries

Biotechnology, Healthcare

Total Funding

$362.8M

Headquarters

Denver, Colorado

Founded

2014


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Simplify's Take

What believers are saying

  • Virta Health has achieved over $100M in annualized revenue with sustainable weight loss solutions.
  • Partnerships with major payers like U-Haul enhance Virta's market reach and credibility.
  • Growing skepticism about GLP-1 medications boosts demand for Virta's alternative treatments.

What critics are saying

  • Increased competition in diabetes reversal could threaten Virta's market share.
  • Rising popularity of GLP-1 medications may divert clients from Virta's approach.
  • Regulatory changes in GLP-1 prescriptions could impact Virta's business model.

What makes Virta Health unique

  • Virta Health offers a medication-free approach to reversing type 2 diabetes.
  • Their performance-based model aligns financial incentives with patient outcomes.
  • Virta's continuous remote care platform provides personalized nutrition and behavioral support.

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Growth & Insights
Headcount

6 month growth

-5%

1 year growth

-5%

2 year growth

-6%

Benefits

Remote-first work environment

Flexible work hours & time off policy

Health insurance

Paid parental leave

Free Virta treatment & family discount

Internet, home office, learning & development stipends

Employee resource groups

401K & ROTH contribution

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