Healthiest You

Healthiest You

A telehealth program, a web-based wellness program, and medical prescription discounts for americans.

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$125m

Valuation: $125m

Acquisition
Total Funding000k
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HealthiestYou, founded in 2009 and co-founded by Jim Prendergast, operates as a telehealth and mobile healthcare engagement platform. In July 2016, the Scottsdale, Arizona-based company was acquired by Teladoc, Inc. for a reported $125-$155 million, a transaction consisting of $45 million in cash and Teladoc stock. This strategic acquisition integrated HealthiestYou's consumer engagement tools with Teladoc's extensive physician network, aiming to enhance its foothold in the small- to medium-sized employer market. By 2015, HealthiestYou had generated $10 million in revenue and was serving over 4,000 employer groups across the U.S.

The company's business model is centered on providing a comprehensive virtual care solution, primarily sold to employers who can offer it as a benefit to their employees. Revenue is generated through a per-employee-per-month (PEPM) subscription fee, which employers can fund entirely or share with their employees. This model is designed to redirect insurance claims and reduce healthcare costs for employers by encouraging the use of more affordable virtual care options. The platform is also distributed through a network of broker partners and integrations with human capital management (HCM) and payroll platforms.

The HealthiestYou mobile app provides users with a single point of access to a suite of healthcare services. Core features include 24/7 access to board-certified physicians for general medical consultations via phone or video, who can diagnose, treat, and prescribe medication for common illnesses. The platform extends its services to specialized virtual care, including dermatology, behavioral health with licensed therapists, back and joint care programs, and expert medical second opinions. A key differentiator is its set of consumer-focused tools, such as a provider discovery feature to locate nearby doctors and dentists, a prescription savings engine to compare drug prices, and a tool to compare cash versus insurance pricing for common medical procedures. The app also uses intelligent, location-based alerts to remind members of cost-saving opportunities and available benefits.

Keywords: telehealth, virtual care, employee benefits, healthcare engagement, telemedicine platform, mobile healthcare, corporate wellness, prescription savings, healthcare cost containment, provider discovery, virtual consultations, digital health, Teladoc, medical second opinion, employer health plans, benefits administration, insurance technology, virtual dermatology, behavioral health services, employee wellness programs

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