*By Christian Smith* The medtech start-up Heal has raised $20 million with plans to expand its house-call service to more cities in the United States. The company announced its latest round of funding Tuesday, bringing the amount that the three year-old company has raised to more than $69 million. Heal's co-founder and CEO Nick Desai said he wants to use the new capital to expand and improve the technology that doctors can use to treat patients. "The secrete sauce of Heal thus far has been to lower the operating costs of everything from booking and billing compared to a traditional office so that our doctors can do house calls," Desai said Tuesday in an interview with Cheddar. "Now we want to innovate technologies for the in-home care so that doctors have more data and more intelligence with which to deliver more precision care to patients." The new investment comes from Bascom Ventures, Inflection Capital, IRA Capital, RLJ Equity Partners, Trans-Pacific Partners, and others including BET founder Robert Johnson, who told Cheddar he got involved with the start-up to help reach minority communities. "It brings health care to people who in many cases are under-served because of their neighborhood, because of their economic status, or other factors that deprive them of the quality health care that most people would like to have," Johnson said. As health care costs continue to rise across the country, Heal said it's looking to offer a more affordable option. The company has said its tech platform lowers operating costs and medical bureaucracy by 65 percent, leading to lower prices for patients. Heal is one of a handful of health care start-ups that are looking to change the traditional patient-practice structure, where doctors see an average of 40 patients a day. One Medical is a primary care start-up with a membership model that cuts costs by limiting the number of patients its doctors see daily and using video consultations instead of in-office visits. Doctor On Demand, another new primary care option, [recently raised $74 million](https://techcrunch.com/2018/04/25/video-consultation-service-doctor-on-demand-raised-74-million-so-everyone-can-see-a-doctor-anytime/) to expand its video consultation service capabilities. Though these tech-based care providers only make up a small part of the health care market, major insurance companies are getting on board. Heal is an in-network PPO option for Blue Shield of California, Health Net, Anthem Blue Cross, Aetna, United Health Care, CareFirst, and other plans. Outside of an accepted healthcare plan, patients can see a Heal doctor at home for $99. Since launching in March 2015, Heal doctors have made more than 60,000 house calls. The service is available in most major cities in California and in Washington, D.C., and Northern Virginia. For the full interview, [click here](https://cheddar.com/videos/doctor-house-call-start-up-heal-expanding).

Share:
More In Technology
Software Firm GitLab CFO Discusses First Earnings Report Since IPO
GitLab CFO Brian Robins joined Cheddar's "Closing Bell" to discuss the single platform software development app's first earnings report since going public in October. The company frames itself as a one-stop-shop for businesses to transition into software development to manage in-network chat, video conferencing, and meeting scheduling among other applications. GitLab saw Q3 revenue jump 58 percent and was able to add a number of new customers since its IPO.
Bitcoin Plunges to a Low Near $43,000 Over the Weekend
Bitcoin had a tough last few days. In just a 24-hour period spanning early Friday morning to early Saturday morning, bitcoin's price went from about $57,000 to $47,000. Patrick McCconlogue, CEO of Overline, joins Cheddar News discuss bitcoin's plunge.
'100 Thieves' Raises $60 Million in New Funding
The leading gaming organization and lifestyle brand 100 Thieves just raised $60 million in new funding closing its Series C. This new round of funding has raised the valuation of the organization to about $460 million. John Robinson, president and COO of 100 Thieves, joins Cheddar News to talk about what's next for the company.
Actor Jesse Williams on Empowering BIPOC Careers Through the Assemble Platform
Online platform Assemble is looking to provide career instruction and inspiration to Black, Indigenous, People of Color (BIPOC) of all age groups for access to industries they might not have been privy to prior. Actor, activist, and one of Assemble's three co-founders, Jesse Williams, and CEO Cortney Woodruff joined Cheddar's "Between Bells" to discuss the Assemble mission and what people can expect from the program. "There's a lot of jobs that folks don't know even exist in the first place, and what we know is that there are incredible innovators at the peak of their field that are Black and brown – in every single field," Williams noted.
After Bitcoin Plunges Over the Weekend, Investors Prepare for Unpredictable Week for the Markets
Between uncertainty over the Omicron variant, and the possibility of a sooner-than-expected taper from the Fed, it was an especially volatile week for the markets. The release of the November jobs report on Friday, with job growth coming in way lower than estimates also caused movement on the market. Frances Stacy, Director of Strategy at Optimal Capital explains why all of this, combined with Bitcoin’s huge drop over the weekend, could make for another rough week for investors.
Instagram Rolls Out New Teen Safety Updates
Ahead of Instagram head Adam Mosseri's congressional hearing on the mental impact of the social platform on teens, the company announced a number of updates aimed at teen safety.
Load More