Aware Health has secured $3 million in seed financing round to speed up the development of its advanced orthopedic diagnostic platform to help reduce employee musculoskeletal care costs for employers.
Musculoskeletal issues are some of the most common yet most costly to employers. Aware Health seeks to change this long-standing problem with new value-based musculoskeletal (“MSK”) solutions that help in the early detection of such conditions before they become severe.
Co-founded in 2020 by Heidi Ojha and Jim Jenkins, the company’s latest round was spearheaded by Boomerang Ventures, with significant contributions from Bright Ventures, Tidal River Fund, Suncoast Ventures, Techstars, Impulsum Ventures and angel investors.
Revolutionizing Musculoskeletal Care with Modern Technology
Aware Health is disrupting the traditional health insurance models using modern direct-to-employer approaches, making healthcare costs affordable and easily manageable. The company offers research-backed orthopedic care for partners and employees.
Through its teleconsultation platform, the company enables employees and their families to access urgent care, cognitive functioning therapy, and tele-rehab based on their current situation, helping employees recover faster, stay productive, and prevent the situation from worsening to the point where individuals require extensive medical care.
The company offers employers a monthly subscription model based on a pay-per-member rate. The company’s platform leverages advanced algorithms to help clinicians diagnose various orthopedic conditions accurately without the need for imaging and expensive surgeries.
The new funding will help Aware Health to expand its services to more companies across the US amid the increasing demand for effective and affordable musculoskeletal care.