$21.3 Million Investment in higi, led by Flare Capital Partners and 7wireVentures, Fuels Opening of Healthcare’s New “Front Door”
- New investment enables deeper integration with retailers, connecting the dots for consumers across store-based services, creating an integrated seamless experience
- Funding fuels further collaboration with healthcare delivery systems, transforming the access model as a new entry point for healthcare services
- Capital enables expanded scope of consumer engagement, companion apps, data insights and learnings integral to personalization, prevention and better health
CHICAGO – (July 10, 2018) – Chicago-based higi, a proven leader in population health enablement, providing consumer-centric, data-driven engagement solutions for providers, payers, retailers and self-insured employers, today announced a new Series C fundraising round of $21.3 million from existing and new investors including Flare Capital Partners and 7wireVentures, among others. This investment allows higi to expand access points, broaden consumer engagement and bring unprecedented insights into population health workflows to change the game on prevention and value-based outcomes.
higi is actively partnering with healthcare organizations and retailers to create a new front door in every neighborhood in America. With over 11,000 FDA-cleared smart health stations, higi offers consumers the ability to build their longitudinal health profile from stations located within 5 miles of 78% of the population and established connections with 80 different health devices and applications. The platform enables consumers to connect their data into population health workflows including electronic health records (EHR) and seamlessly connects the dots in real-time for consumers and their care teams.
“Building on their vast reach and established partnerships, higi is uniquely positioned to enable healthcare organizations improve risk stratification of their patient population and deepen their understanding of people’s health needs in real time – leading to prevention, early intervention and better care at lower costs. This investment will accelerate the company’s growth, and provide the leverage needed to continue building deeper data-driven solutions that can truly close gaps in care. We are excited to be investing in higi, a proven company that has redefined consumer access, created a new model of consumer engagement and partnered with retail pharmacies to become the health destination of choice,” said Michael Greeley of Flare Capital Partners.
“Simply stated, higi is making healthcare easier for people. higi is creating unprecedented access in people’s neighborhoods, giving consumers a trusted health narrative and connecting people to the full scope of the retail store and local healthcare service providers. We see closing the access gap, connecting the dots and changing consumer engagement as a sound investment” said Tom Main of 7wireVentures. “higi increases the scope of consumer information and the frequency of interactions; creating unprecedented insights and changing the game on prevention, early intervention and real time care team adjustments. higi is the new frontier.”
The health and wellness market is deeply immersed in a foundational pivot from treatment to prevention, from patient to consumer and from clinic to retail. Digital disruption is driving personalization, creating real-time always-on business models and changing the value equation. Retailers are becoming a new front door to the health and wellness marketplace and consumers are looking for easier access and greater affordability. higi is perfectly positioned to accelerate this market shift and provide the digital connective tissue for consumers to track, save, and manage their health data in a smart and shareable manner.
“We are pleased to have raised over $21 million during this round. The significant investor interest reinforces higi’s unique position to connect consumers with payers and providers to deliver the services they need. As retailers continue to bring healthcare solutions into their storefronts and consumers are looking for more effective means to manage their health, higi is forging this path by providing convenient and free ways to measure, connect, and act on health information,” said higi CEO, Jeff Bennett. “This is an exciting time for our company to grow with our healthcare customers, and help healthcare systems improve consumer engagement, close gaps in care, lower costs and ultimately improve outcomes.”
Engaging consumers in their health since 2012, higi has been used by an estimated 47 million people, conducting over 271 million biometric tests creating the foundation for deep knowledge about consumer engagement and the translation of the health narrative to prevention, early intervention and real-time care team adjustments. Find out more about higi here.
higi is a population health enablement company that empowers consumers to measure, track and act on their health data. Through a nationwide network of over 11,000 FDA-cleared self-screening stations found at pharmacy retailers and other community locations and over 80 different third-party integrations, higi makes it easier to engage consumers in their health. As the largest repository of standardized biometric data, higi’s population health solutions enable healthcare organizations to better reach targeted populations; collect biometric and other health determinant data to stratify and prioritize consumers; and motivate consumers to take specific actions at a point of care. To date, more than 47 million people have used a higi health station to conduct over 271 million biometric tests. For more information, visit us at www.higi.com.
ABOUT FLARE CAPITAL PARTNERS:
Flare Capital is a team of proven healthcare technology venture capital investors and senior operating executives known for their unparalleled strategic industry resources, insight and total commitment to the success of its entrepreneurs. Flare Capital raised one of the industry’s largest dedicated venture capital funds focused exclusively on early stage opportunities in healthcare technology innovation and is privileged to closely partner with founders and management. Selected investments include Aetion, Aspen Health, Bright Health, Circulation, ClearDATA, Curisium, HealthReveal, HealthVerity, Iora Health, Somatus, Valence Health (acquired by Evolent Health), VisitPay and Welltok. Learn more at www.flarecapital.com and follow the firm on Twitter @FlareCapital.
7wireVentures is an early stage healthcare venture firm based in Chicago, Illinois and founded by Glen Tullman and Lee Shapiro. 7wire supports entrepreneurs who focus on empowering the Connected Informed Health Consumer to create great companies and change the status quo. 7wire believes that mobile, connected platforms, the cloud, and sophisticated insights will improve the efficiency of the healthcare system and improve outcomes for all. Learn more at www.7wireventures.com.