Wellth

Wellth is a health tech company designed to improve treatment adherence using behavioral economics.

Wellth helps you improve quality scores, reduce utilization, and improve member satisfaction by using the right incentive at the right time to motivate members to form life-changing healthy habits.

Wellth was founded in 2014 by Matt Loper and Alec Zopf. The company is headquartered in Los Angeles, California, with an office in New York, New York.

 

Wellth's platform enables patients to perform virtual check-ins, such as taking a photo of their medication. The platform uses the power of behavioral economics with sophisticated machine learning AI to build a custom member experience to motivate the follow-through of healthy behaviors. 

 

Wellth's program goes beyond current efforts to boost adherence with technology, reminders, and coaching solutions using contingency management and loss aversion to create motivation, behavior change and improve population health at scale.

 

Wellth's platform help bridges the gap between individual health needs and quality performance goals. Key customers include, Penn Medicine, Centene, Tokio Marine, AdventHealth, Coordinated Behavioral Care (CBC), Priority Health, ResMed, Blue Cross and Blue Shield of Texas, among others.

 

Wellth is backed by Boehringer Ingelheim Venture Fund, AXA Venture Partners, SignalFire, New York Life Ventures, NFP Ventures, The Social Entrepreneurs’ Fund, CD Venture, Partnership Fund for NYC, Yabeo, and others. The company raised $20M in an oversubscribed Series B round on Mar 31, 2023. This brings Wellth's total funding to $39.1M to date.

 

 

  • Year founded: 2014
  • Funding Info: $39.1M over 6 Rounds (Latest Funding Type: Series B)
  • Yearly Revenue: NA
  • Employee Size: 51-200
  • Business Valuation: NA
  • City/Town: Los Angeles
  • State: California
  • Country: United States
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