PeopleOne Health Inc., a value-based primary care provider located across Pennsylvania, said Oct. 24 the company secured up to $32.3 million in Series B funding.
The new capital, led by Google Ventures (GV) and other investors, including healthcare entrepreneur Glen Tullman, will support its mission to improve primary care, the company said.
“The capital, confidence in our model, and, most importantly, support from our investors, mark a major step forward in our mission to transform primary care for Americans,” said Jordan Taradash, co-founder and CEO of PeopleOne Health. “We’re committed to keeping people healthier, and the trust and credibility our investors provide will expedite this journey.”
The funds will be used to reinforce the company’s ability to scale operations, invest in talent and technology, and continue innovating its care model, Taradash said, adding that funds also will be used for business development, expanded client services, and support for the company’s growth in new and current markets.
“Our approach is simple: our doctors see about half the typical patient volume, which allows us to attract top-tier teams who focus on truly caring for patients and delivering quality preventive care,” said Taradash. “With unlimited access to doctors and one of the highest customer satisfaction ratings in the industry, this is what healthcare should look like.”
PeopleOne Health said it focuses on preventive care, which reduces the need for costly procedures, surgeries, medications, and future chronic condition care.
Fully covered by employers, employees enjoy personalized care from a dedicated team of top-tier healthcare professionals with no copays, deductibles, or coinsurance, ensuring they receive the best possible care without the financial burden, said PeopleOne Health.
“Despite the advancements in healthcare over recent decades, both patients and providers continue to face significant challenges,” said Cathy Friedman, executive venture partner at GV. “PeopleOne Health is transforming the landscape by offering accessible, affordable, and high-quality preventive care that improves outcomes and enhances the healthcare experience.
“It’s a forward-thinking model that has the potential to reshape how we deliver and receive care,” she said.
PeopleOne Health currently operates nine primary care centers and offers patients access to a wide range of healthcare professionals, including primary care physicians, diagnostic experts, mental health providers, nutritionists, physical therapists, pharmacists, and social workers.
The company has a strong presence in Pennsylvania and is rapidly expanding to other states, including Florida.