Firefly Health Raises $40M to Expand Virtual Primary Care Platform

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What You Should Know:

Firefly Health, a virtual-first healthcare company with a mission of delivering half-priced healthcare that’s twice as good, has announced that it has recently closed $40M in Series B financing, led by Andreesen Horowitz (a16z). a16z General Partner Julie Yoo will also join the Firefly Health board.

– Led by former athenahealth CEO Jonathan Bush, Firefly cracks the primary care code through supreme convenience, proactive support, and intelligent navigation. Every patient is assigned a dedicated care team for continuous, evidence-based virtual and in-person coaching and support. The company’s partnership network also includes on-site access to urgent care providers, home care providers, well-renowned specialty care organizations, such as Dana Farber and Joslin, as well as many specialty partners. 

– This funding has come at an ideal time to support employers at a time when healthcare costs continue to drastically increase, to help them find a way to center their healthcare strategy more efficiently.

– The company plans to use the latest round of funding to launch a new health plan offering, powered by its comprehensive primary care approach, later this year to further empower navigation and incentivize members and sponsors with direct savings. Through a highly customizable benefit design, the Firefly Plan will reward intelligent choices around lifestyle and care navigation with direct savings to members and employers.