Virta Health

Virta Health

Reverses type 2 diabetes through personalized care

About Virta Health

Simplify's Rating
Why Virta Health is rated
A
Rated A on Competitive Edge
Rated A on Growth Potential
Rated A on Rating Differentiation

Industries

Biotechnology

Healthcare

Company Size

501-1,000

Company Stage

Series E

Total Funding

$362.8M

Headquarters

Denver, Colorado

Founded

2014

Overview

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 with type 2 diabetes and prediabetes, as well as healthcare providers and enterprise partners like employers and health plans. Unlike traditional diabetes management approaches, Virta Health aims for complete reversal of the condition. They operate on a performance-based business model, meaning they only receive payment from enterprise partners if they achieve successful outcomes for their patients. This aligns their financial incentives with patient health improvements. Their goal is to reverse type 2 diabetes in 100 million people, making them distinct in the healthcare market by prioritizing long-term health solutions over mere management of the disease.

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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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Funding

Total Funding

$362.8M

Above

Industry Average

Funded Over

5 Rounds

Notable Investors:
Series E funding typically includes additional rounds after Series D if the company needs more capital. The business is usually stable, and these rounds are typically used for further expansion or to address market challenges.
Series E Funding Comparison
Above Average

Industry standards

$100M
$245M
Stripe
$250M
Reddit
$1250M
Epic Games
$1500M
Airbnb

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

Growth & Insights and Company News

Headcount

6 month growth

-4%

1 year growth

-3%

2 year growth

-5%
Business Wire
Jan 10th, 2025
Virta Health Announces Record and Accelerating Growth at a Scale of More Than $100M in Annualized Revenue, Driven by Sustainable Weight Loss and GLP-1 Solutions

To help employers, health plans, and pharmacy benefit managers deliver best-in-class outcomes with or without GLP-1 medications, Virta recently launched Responsible Prescribing, an expansion of its SWL suite.

Hit Consultant
Aug 6th, 2024
Physicians Reveals Glp-1S For Weight Loss Are Overprescribed And Unsustainable

Physicians Reveals GLP-1s for Weight Loss are Overprescribed and Unsustainable by Jasmine Pennic 08/06/2024 Leave a Comment What You Should Know:  – A large majority of physicians feel GLP-1s are being overprescribed, according to a new survey from Virta Health, a leader in type 2 diabetes reversal.  – The Virta Health survey was conducted in partnership with Beresford Research and included 300 primary care providers, endocrinologists, and obesity specialists across the United States sheds light on the medical community’s views on the rapidly growing class of GLP-1 medications, often hailed as “miracle drugs” for weight loss.  Key Findings Reveals Skepticism About Weight Loss Drugs The key findings reveal significant concerns about the long-term efficacy, potential side effects, and overall impact of these medications on public health:  – Doubtful about long-term efficacy: Most physicians believe GLP-1 medications are not sustainable beyond two to three years and should not be used as a long-term solution. – Overprescription concerns: A large majority of physicians feel GLP-1s are being overprescribed and that lifestyle interventions should be prioritized. – Need for stricter guidelines: Physicians advocate for increased oversight through prior authorization and greater provider involvement in prescribing decisions. – Patient misconceptions: Many doctors report that patients have unrealistic expectations about the effectiveness and safety of GLP-1 medications. – Potential for increased healthcare costs: The widespread adoption of GLP-1s is expected to drive up healthcare costs due to increased demand and limited supply. – Concerns about health equity: Physicians are worried about the potential for increased health disparities as GLP-1 medications may not be equally accessible to all patients

Business Wire
Feb 29th, 2024
Virta Health Announces First-Of-Its-Kind Peer-Reviewed Study Proving Its Approach Is An Effective Off-Ramp From Glp-1S For Sustained Weight Loss

Following GLP-1 deprescription, weight did not significantly increase at 6 or 12 months post deprescription, compared to many well-known drug trials (in red) where patients regain up to 2/3rds of weight loss after discontinuing the drug. (Graphic: Business Wire)Following GLP-1 deprescription, weight did not significantly increase at 6 or 12 months post deprescription, compared to many well-known drug trials (in red) where patients regain up to 2/3rds of weight loss after discontinuing the drug. (Graphic: Business Wire)DENVER--(BUSINESS WIRE)--Virta Health has released first-of-its-kind, peer-reviewed data demonstrating the company’s approach to personalized nutrition therapy results in sustained weight loss after the discontinuation of glucagon-like peptide-1 receptor agonists (GLP-1s), including Ozempic. Published today in Diabetes Therapy, the data demonstrates Virta is a powerful and sustainable off-ramp from GLP-1s.These outcomes stand in stark contrast to other real-world results of GLP-1 weight loss treatments. Discontinuing the medications has been shown to lead to rapid worsening of blood sugar and weight regain, even when accompanied by physical activity and calorie restriction. Additionally, as many as two out of three people on GLP-1s stop within a year and quickly regain the weight they lost, underscoring the need for an effective medication-free alternative and off-ramp from the medications to achieve sustainable results.The study assessed weight loss in two groups of Virta members with type 2 diabetes: those for whom (a) GLP-1s were fully deprescribed and (b) GLP-1s were continued

BioSpace
Feb 29th, 2024
Virta Health Announces First-of-its-Kind Peer-Reviewed Study Proving Its Approach Is an Effective Off-Ramp From GLP-1s for Sustained Weight Loss

DENVER-(BUSINESS WIRE)- Virta Health has released first-of-its-kind, peer-reviewed data demonstrating the company's approach to personalized nutrition therapy results in sustained weight loss after the discontinuation of glucagon-like peptide-1 receptor agonists (GLP-1s), including Ozempic.

Medgadget
Sep 29th, 2023
Virtual Rehabilitation and Telerehabilitation Systems Market is expected to witness a CAGR of 19.2% during the forecast period | Coherent Market Insights.

August 2022 - Reflexion Health acquired HealthySteps, a digital physical therapy provider.

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