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Wellth
Patient platform for long term care plans
- 21-100 employees
- Healthcare
- B2B
- Personal health
- SaaS
- MedTech
- Culver - West, Culver City, CA
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Company mission
To create habits that last a lifetime.
Our take
When a patient is in hospital, they’re treated by doctors and nurses - people who can operate on you, take tests, check you’re ok and give you your medication until you're better. But what’s much harder to treat is a patient at home, living their life, who has to take regular medication - but doesn’t. Wellth is on a mission to change that.
It draws on the science of behavioural economics to boast over 90% care plan adherence in patients who use its services, and its platform is very simple - financial incentives for looking after yourself. Users post a picture of their medication, their blood sugar readings, or whatever its they should be doing every day, and Wellth’s AI algorithm checks for inconsistencies (and notifies the relevant parties if anything seems wrong), with the patient receiving reward points to be spent in participating establishments.
Its model is a unique one and has been proven to get results, bagging it major healthcare providers as partners such as Axa and Wellcare. Looking forward the company is further investing in is use of AI to expand its platform.
Steph
Company Specialist at Welcome to the Jungle
Benefits
- Mental health perks
- “Take what you need” PTO Policy
- Quarterly volunteer days
- Monthly company bonding events
- Culture Committee that supports employees
- Offices in LA & NYC
- Diversity & Inclusion training
- Annual personal development stipend
- Pre-tax commuter benefits
- 401-K retirement plans
- Medical, dental, vision, and life insurance
- Paid membership to One Medical
Company values
- Our members are our mission
- Solve real problems
- Research everything
- Be thoughtfully confrontational
- “It won't fail because of me.”
- Stay hungry
Funding (last 2 of 6 rounds)
Mar 2023
$20m
SERIES B
May 2020
$10m
SERIES A
Total funding: $37.6m
This company has top investors
Leadership
Alex Zopf
(CTO)Previously worked as a Sales Engineer at Orc Software, Senior Data Engineer at Next Big Sound and Data Consultant at Quartet Health.
Matthew Loper
(CEO)Formerly an Analyst at Health Evolution Partners, UBS Investment Bank, Goldman Sachs and OrbiMed Advisors.