Work Here?
Industries
Biotechnology
Healthcare
Company Size
501-1,000
Company Stage
Series E
Total Funding
$373M
Headquarters
Denver, Colorado
Founded
2014
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, 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.
Help us improve and share your feedback! Did you find this helpful?
Total Funding
$373M
Above
Industry Average
Funded Over
5 Rounds
Industry standards
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
Source: Virta HealthWhat You Should Know:– Virta Health, a leader in diabetes reversal and sustainable weight loss through its nutrition-first methodology, has announced early results from its recently launched Sustainable Weight Loss GLP-1 prescribing capabilities.– These outcomes signal a potentially transformative shift in obesity and weight loss management, offering organizations a responsible framework for covering GLP-1 medications while actively reducing reliance and controlling overall costs.Addressing the Growing GLP-1 Cost CrisisAs organizations grapple with the escalating costs of GLP-1 medications, projected to exceed $100B annually, the need for a responsible and cost-effective approach to their coverage has become critical. This urgency is amplified by the fact that 69% of consumers express a preference for losing weight without medication, highlighting the demand for solutions that prioritize sustainable lifestyle changes over long-term drug dependency and its associated financial burden.Delivering Major Cost Savings for PayersExpanding upon Virta’s established Sustainable Weight Loss solution, its Responsible Prescribing approach is designed to empower employers, health plans, and pharmacy benefit managers with a comprehensive strategy. This strategy delivers best-in-class patient outcomes both with and without GLP-1 medications, providing a drug-free alternative, facilitating combination therapy when appropriate, and offering a structured pathway to discontinue medication when clinically suitable. Virta’s approach uniquely positions payers to access the most cost-effective solutions for long-term health improvements, strategically integrating weight loss medications as a component of care rather than the sole focus.Preliminary data from Virta’s current client base demonstrates the significant impact of its prescribing solution:Substantial Reduction in GLP-1 Utilization and Costs: Virta’s Responsible Prescribing has successfully prevented the ongoing use of GLP-1 medications in over 50% of current GLP-1 users¹, leading to significant cost savings for payers. Furthermore, across Virta’s entire Sustainable Weight Loss program, less than 25% of members are currently on GLP-1s, underscoring the effectiveness of Virta’s nutrition-first approach in guiding members toward alternative weight loss strategies.Virta’s Responsible Prescribing has successfully prevented the ongoing use of GLP-1 medications in over 50% of current GLP-1 users¹, leading to significant cost savings for payers. Furthermore, across Virta’s entire Sustainable Weight Loss program, less than 25% of members are currently on GLP-1s, underscoring the effectiveness of Virta’s nutrition-first approach in guiding members toward alternative weight loss strategies
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.
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
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
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.
Find jobs on Simplify and start your career today
Industries
Biotechnology
Healthcare
Company Size
501-1,000
Company Stage
Series E
Total Funding
$373M
Headquarters
Denver, Colorado
Founded
2014
Find jobs on Simplify and start your career today