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Antidote Health Raises $12M to Build First Virtual HMO in the U.S.

Antidote Health Raises $12M to Build First Virtual HMO in the U.S.

What You Should Know:

AntidoteHealth, a New York City-based telehealth provider making quality healthcare accessible to all Americans, today announced it has raised $12 million in seed funding to build an AI-based virtual Health maintenance organization (HMO). The seed round was led by iAngels, Well-Tech Ventures, and Flint Capital, along with other angel investors. 

– Antidote is an HMO, which means it cuts out the middleman, connecting simply patients to doctors. By offering a more direct approach to healthcare, Antidote is able to provide individuals premium quality health coverage for as little as $29 per month, making it an accessible alternative for millions of individuals and families. 95% of the most common Rx are included in the subscription as well.

– The company plans to use the seed capital to expand nationwide and fuel its marketing initiatives to further educate potential users of their healthcare options. Antidote Health has 50 doctors and over 30 employees with plans for exponential growth through Q4 of 2021.

– The company launched a 24/7 virtual acute and primary care service across New York, New Jersey, Florida, Michigan, and North Carolina as of January 2021. Antidote plans to rollout to more states continuing through 2022, offering quality healthcare services that are affordable for individuals and families.

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