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 many healthcare companies, Virta Health operates on a performance-based model, meaning they only receive payment 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 diabetes reversal over mere management.

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's approach is a sustainable alternative to GLP-1 medications for weight loss.
  • Partnerships with major payers like U-Haul enhance Virta's market acceptance.
  • The growing digital health market boosts demand for Virta's remote care platform.

What critics are saying

  • Increased competition from GLP-1 medications challenges Virta's market position.
  • The performance-based model poses financial risks if health targets aren't met.
  • Dependency on major partners like U-Haul could be risky if they withdraw.

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 successful patient outcomes.
  • Virta's continuous remote care platform provides unparalleled medical and behavioral support.

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Growth & Insights
Headcount

6 month growth

7%

1 year growth

24%

2 year growth

29%

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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