What You Should Know:
– Eden Health raises $25M to give employers and commercial real estate owners and operators the ability to offer medical care on-site, near-site, and virtually.
– Eden’s membership model makes high-quality healthcare an affordable benefit for the average employer, with low to no out-of-pocket costs for their employees.
– Since the first signs of the US coronavirus outbreak in early February, Eden Health has worked with Boylan Bottling, Connell, Convene, Emigrant Bank,Golf Magazine, Harry’s, Kramer Levin, Newscred, evidence-based, medically-informed plans and protocols for supporting essential workers and bringing workforces back. And they’ve embedded dedicated, on-demand doctors (called Medical Directors) in the C-Suites of several customers.
Eden Health, a New York City-based national medical practice, today announced it has raised $25 million in Series B funding led by Flare Capital Partners with participation from principals from Stone Point Capital, a private equity firm that focuses on the financial services industry including the HR benefits, insurance and real estate sectors. Existing investors who participated in the Series B round include Greycroft, PJC, Max Ventures and Aspect Ventures. The oversubscribed round brings Eden Health’s total raise to $39M.
Founded in 2016, Eden Health is known for its innovative direct-to-employer healthcare delivery model, bringing in-person and virtual healthcare together to deliver an exceptional patient experience to the employees of mid-market companies. Eden Health empowers employers to supercharge their benefits packages whether or not they are self-insured. Designed to meet the needs of companies of all sizes, Eden Health lets them fill gaps in their employees care with a fully integrated healthcare option.
Eden Health membership services are not tethered to open enrollment, meaning employees and their families can join at any time and begin using services immediately. And one of Eden Health’s core services is insurance navigation, to make sure employees get the care they need without surprise costs Although Eden Health’s approach is direct-to-employer, its mission is to ensure that superior care is as widely available as possible.
Eden Health’s medical practice provides members with a dedicated Care Team. Care Teams are composed of highly credentialed clinicians delivering evidence-based, top-quality care. Each Care Team offers digital care around the clock, same-day in-person primary care, behavioral health services and benefits navigation. Employees interact with the same dedicated Care Team, regardless of whether they are communicating virtually or in-person. Where necessary, Eden Health consults specialists to determine needs, before connecting employee members with fully-vetted, cost-effective in-network specialists.
Over the past four years, Eden Health has become a trusted benefits partner for more than 33,000 employees, spanning more than 100 employers across a broad range of industries, including finance, retail, real estate and technology. Since the very first signs of the US coronavirus outbreak in early February, Eden Health has worked with Boylan Bottling, Connell, Convene, Emigrant Bank,Golf Magazine, Harry’s, Kramer Levin, Newscred, and others to roll out evidence-based, medically-informed plans and protocols to support workforce health. It has guided employers, property owners and workers through the outbreak using real-time monitoring, proactive outreach, and team-based care. And as employers and property owners began to phase workforces back into offices and worksites, Eden Health introduced a comprehensive back-to-work program spanning COVID-19 screening, virtual primary care, PCR testing, on-site antibody testing, immediate triage and patient consults.
Through the crisis, Eden Health customers have also chosen to embed dedicated Eden Health Medical Directors into their c-suites to manage employee population health. Thanks in large part to early monitoring and proactive protocols to slow the spread, Eden Health employers have been able to maintain high levels of productivity, deploying essential workers safely while protecting their health and the health of fellow employees.