VirtualHealth

VirtualHealth

Cloud-based platform for integrated healthcare management

About VirtualHealth

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

Industries

Enterprise Software

Healthcare

Company Size

11-50

Company Stage

Series B

Total Funding

$6.8M

Headquarters

New York City, New York

Founded

2019

Overview

VirtualHealth provides a digital solution for integrated value-based care through its HELIOS care management platform. This platform helps manage various healthcare aspects such as care management, disease management, and population health by connecting patients, providers, and payers in one system. HELIOS can function independently or integrate with existing systems, making it adaptable for different healthcare organizations. VirtualHealth primarily serves healthcare providers, insurance companies, and care coordinators, especially those focused on patient outcomes rather than service volume. Their business model operates on a Software as a Service (SaaS) basis, allowing clients to subscribe for access to the platform, which includes regular updates and maintenance. This cloud-native approach enables quick deployment and ensures clients have the latest technology for effective care management.

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Significant Headcount Growth
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Simplify's Take

What believers are saying

  • Increased demand for AI-driven solutions boosts VirtualHealth's partnerships and integrations.
  • The rise of FHIR standards enhances VirtualHealth's interoperability and data management capabilities.
  • Value-based care trends drive demand for comprehensive platforms like HELIOS.

What critics are saying

  • AI integration may expose VirtualHealth to biases in algorithms affecting patient outcomes.
  • Reliance on partnerships could pose risks if synergies or integrations fail.
  • New leadership may introduce strategic misalignment or cultural clashes within VirtualHealth.

What makes VirtualHealth unique

  • VirtualHealth's HELIOS platform offers comprehensive care management and interoperability solutions.
  • The SaaS model ensures clients access the latest technology without upfront investments.
  • HELIOS integrates seamlessly with existing systems, enhancing value-based care models.

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Funding

Total Funding

$6.8M

Below

Industry Average

Funded Over

1 Rounds

Series B funding is typically for startups that have proven their business model and need more funding to expand rapidly—often by entering new markets or adding more products. Investors are usually venture capital firms that specialize in later-stage investments.
Series B Funding Comparison
Below Average

Industry standards

$35M
$30M
Patreon
$45M
Linktree
$65M
Substack
$100M
ClickUp

Growth & Insights and Company News

Headcount

6 month growth

20%

1 year growth

22%

2 year growth

15%
Itiliti Health
Nov 20th, 2024
Itiliti Health Launches Integrated Solution for Prior Authorization Automation Simplifying Compliance and Enhancing Care Management for Healthcare Payers

In response to the evolving regulatory landscape, including the CMS-0057-F ruling and emerging state regulations, Itiliti Health and VirtualHealth have combined their expertise to develop the new HELIOS(R) + Itiliti Health platform.

Business Wire
Sep 25th, 2024
Population Health Analytics Leader HealthEC & VirtualHealth Announce New Partnership

The collaboration brings together VirtualHealth's award-winning care and population health management platform, HELIOS(R), with HealthEC's advanced population health analytics capabilities.

Herald Chronicle
May 2nd, 2024
VirtualHealth and MDI Health Technologies Announce Partnership with AI Features to Optimize Medication Management

VirtualHealth(R) is excited to announce a new partnership with MDI Health Technologies (MDI Health), a leader in AI-powered medication management solutions.

Business Wire
May 2nd, 2024
Virtualhealth And Mdi Health Technologies Announce Partnership With Ai Features To Optimize Medication Management

NEW YORK--(BUSINESS WIRE)--VirtualHealth® is excited to announce a new partnership with MDI Health Technologies (MDI Health), a leader in AI-powered medication management solutions. MDI’s technology utilizes AI to reimagine medication management and help leading payors and value-based care providers improve medication treatment, lower costs, and improve clinical outcomes. “MDI’s solution will be an incredible addition to the HELIOS platform. Its comprehensive analysis and AI automation capabilities significantly reduce the total cost of care for at risk populations. MDI can enable payers to scale their impact through auto-generation of personalized, high-impact clinical interventions,” said Sue Powers, Chief Growth Officer at VirtualHealth. “We know how important medication management is to our clients, and MDI’s HIPAA-compliant solution will help HELIOS users save on utilization and Rx spend, reduce the risk of drug-related medical events, and help their clinical teams to be more efficient and effective.”

Business Wire
Apr 25th, 2024
Helios® By Virtualhealth Named Bronze Stevie® Award Winner In 2024 American Business Awards®

NEW YORK--(BUSINESS WIRE)--VirtualHealth is excited to share that its HELIOS platform was named the winner of a Bronze Stevie® Award in the Healthcare Technology Solution category in The 22nd Annual American Business Awards® today. More than 3,700 nominations were submitted this year for consideration in a wide range of categories. “The VirtualHealth team has been working to enhance HELIOS, offering a powerful turnkey solution for care management, utilization management, and data interoperability, with rapid FHIR® transformations and AI-automated prior authorization,” said Adam Sabloff, CEO and Founder of VirutalHealth. “This award is a recognition of our team's innovative work. This next-generation HELIOS platform represents a groundbreaking advancement in streamlining healthcare operations and addressing core challenges for payers including technology alignment, improving coordinated care and provider-payor communication, and achieving seamless organization-wide interoperability.”. What judges had to say about HELIOS:“The industry gap is evident, and VirtualHealth is thinking three steps ahead to bridge the interoperability gap.”“The HELIOS platform by VirtualHealth, with its latest enhancements including HELIOSum and HELIOShub, represents a significant leap forward in healthcare management technology

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