PeopleOne Health Secures $32.3 Million in Series B Funding to Revolutionize Preventative Care
In a significant development for the healthcare landscape, PeopleOne Health, a hybrid care provider dedicated to preventative care, has successfully closed a Series B funding round, raising up to $32.3 million. This round was led by GV (Google Ventures) and included participation from notable investors such as Glen Tullman, CEO of Transcarent. The funding is set to bolster PeopleOne Health’s mission to enhance healthcare accessibility and quality for employees across the United States.
What is PeopleOne Health?
Founded in Pennsylvania, PeopleOne Health is an employer-focused, value-based primary care provider that offers a comprehensive range of services. The company provides patients with hybrid access to a variety of healthcare professionals, including primary care physicians, mental health providers, physical therapists, diagnostic experts, nutritionists, social workers, and pharmacists. This integrated approach ensures that patients receive holistic care tailored to their individual needs.
One of the standout features of PeopleOne Health’s model is its financial structure. Employers fully cover the costs associated with the company’s services, meaning employees face no copays, deductibles, or coinsurance. This innovative approach not only alleviates the financial burden on employees but also encourages them to seek preventative care without hesitation.
Expansion and Accessibility
PeopleOne Health currently operates brick-and-mortar locations in Pennsylvania and has recently expanded its footprint by opening its first health center in Florida. This expansion is part of the company’s broader strategy to enhance accessibility to quality healthcare services. In addition to in-person visits, PeopleOne Health offers virtual care options, ensuring that employer members can access healthcare services conveniently, regardless of their location.
The recent funding will be instrumental in supporting PeopleOne Health’s growth in both existing and new markets. The company plans to expand its client services and enhance business development efforts, ultimately aiming to reach more employers and their employees.
Transforming Healthcare Delivery
Cathy Friedman, executive venture partner at GV, emphasized the importance of PeopleOne Health’s mission in her statement regarding the funding. She noted that despite advancements in healthcare, both patients and providers still encounter significant challenges. PeopleOne Health is addressing these issues by providing accessible, affordable, and high-quality preventative care that not only improves health outcomes but also enhances the overall healthcare experience.
Friedman described PeopleOne Health’s model as "forward-thinking," highlighting its potential to reshape how care is delivered and received. This innovative approach aligns with the growing demand for more integrated and patient-centered healthcare solutions.
Strategic Partnerships and Future Growth
PeopleOne Health’s journey began with the merger of primary care provider Empower360 and coaching platform Spark360 in 2021. This strategic move allowed the company to combine resources and expertise, paving the way for a more comprehensive care model.
In 2022, PeopleOne Health announced a strategic partnership with the Pacific Business Group on Health (PBGH), a nonprofit organization representing 40 private employers and public entities. This collaboration aims to provide employers with an alternative primary care option, allowing them to offer a subscription-based care delivery model that prioritizes preventative care.
Earlier this year, the company further expanded its reach by partnering with RosenCare, a Florida-based healthcare provider. Together, they plan to establish primary care health centers across Florida, reinforcing PeopleOne Health’s commitment to making quality healthcare accessible to more individuals.
Conclusion
As PeopleOne Health embarks on this new chapter with substantial funding and strategic partnerships, it stands poised to make a significant impact on the healthcare landscape. By focusing on preventative care and offering a unique financial model that eliminates out-of-pocket costs for employees, PeopleOne Health is not just transforming how care is delivered; it is setting a new standard for what healthcare can and should be. With its innovative approach and commitment to improving health outcomes, PeopleOne Health is undoubtedly a company to watch in the evolving world of healthcare.