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| Economy |
| A doctor's office that charges $150 a month and doesn't take insurance just raised $26 million to take its model national |
| 2019-10-11 |
| [News Of The Day] Parsley Health, a medical practice that charges a monthly fee and doesn’t take insurance, just raised $26 million in a round led by White Star Capital. At Parsley Health, a $150-a-month membership provides access to doctors and health coaches, with the goal of treating conditions in a more comprehensive way than traditional primary care. Now, Parsley wants to bring its services to people who can’t get to one of its three locations through a virtual service. Parsley Health, a new kind of doctor’s office that charges a monthly fee and doesn’t take insurance, is planning to take its business virtual. The company, which operates three clinics in New York, Los Angeles, and San Francisco, on Thursday said it raised $26 million to help pull off that expansion. White Star Capital led the Series B round, with FirstMark Capital, Amplo, Alpha Edison Partners, Arkitekt Ventures, and Galaxy Digital joining in alongside One Medical founder Tom Lee and Flatiron Health CEO Nat Turner. In total, the company’s raised $36 million from investors. Parsley Health’s approach of offering care for a monthly fee is similar to direct primary care, a small but fast-growing movement of pediatricians, family-medicine physicians, and internists. This group doesn’t accept insurance, and instead charges a monthly membership fee that covers most of what the average patient needs, including longer visits and some prescription drugs at lower prices. |
| Posted by:Besoeker |
| #5 Sounds fishy. It’s concierge medicine, an alternate method of paying for treatment than the usual insurance game. My previous GP moved to it when he found himself uncomfortable with the level of autonomy he would lose to choose treatments when he looked into hooking up with one of the hospital-linked groups that the insurance companies he dealt with wanted him in. Often enough the doctor finds he can deliver medical care at a cheaper cost because he and his staff do not have to spend hours on the phone arguing with insurance companies, nor wait months for the insurers to get around to paying for services rendered. And he doesn’t have to play silly games shoehorning a patient’s symptoms into the permitted diagnoses in order to get the patient necessary treatment or give up prescribing a necessary treatment because it is not on the approved list. |
| Posted by: trailing wife 2019-10-11 11:58 |
| #4 More and more providers refuse to take insurance. Who could blame them? |
| Posted by: Iblis 2019-10-11 10:38 |
| #3 #1 - moved to Non WOT |
| Posted by: Frank G 2019-10-11 08:29 |
| #2 Sounds fishy. This is non-insurance a la Delta Dental, which is just a moneymaking scheme, not a proper medical outfit. What exactly is covered? Also: is "Nat Turner" really the founder's given name? Sounds like a woke actor's stage name. |
| Posted by: Lex 2019-10-11 05:33 |
| #1 Why in WOT - because traditional providers consider them terrorists? |
| Posted by: g(r)omgoru 2019-10-11 03:24 |