Healthworx participates in Getlabs Series A; adds at-home labwork company to investment portfolio
Telehealth services have grown exponentially in response to the COVID-19 pandemic. Consumers are more willing to use virtual platforms to access care providers; providers have embraced digital platforms; and regulatory changes have allowed greater access and reimbursement for services.
While telehealth technology solutions continue to drive health care innovation, in-person contact remains necessary for some services, including testing. Healthworx recently participated in the latest investment round for Getlabs, a Miami, Florida-based startup that empowers patients to book a certified phlebotomist to draw their lab tests at their home or office. Healthcare organizations can also dispatch Getlabs' medical professionals to their patients to collect the diagnostic tests they need.
Healthworx participation in the $20 million Series A funding reflects its commitment to invest in leading edge innovative healthcare companies. The round was led by Emerson Collective and Minderoo Foundation, with participation from Tusk Venture Partners, Labcorp, Healthworx, Byers Capital and individual investors.
Rapid expansion efforts and the hiring of additional types of skilled medical professionals will be funded by the latest investment round. Getlabs has scaled its coverage from 6% of the U.S. population to 45% since September 2021. It’s current goal is to offer services to 90% of the U.S. population.
Historically, telehealth companies have been limited to treating simple conditions that do not require diagnostic testing. To expand to virtual primary care and treat complex conditions including cardiology, diabetes, and fertility, telehealth services need ways to collect diagnostic information in-person. Getlabs expands the scope of telehealth services, as patients will have additional, convenient options to access testing for routine care and early screening for a range of chronic and acute conditions.
Getlabs works by digitally connecting its employed and nationally certified phlebotomists to patients for lab collections at their home or office, then delivering the specimens to the leading diagnostic laboratories, including Labcorp, Quest Diagnostics, and Sonora Quest for testing. It’s easy-to-use API allows patients and providers to easily schedule services. With its API and nationwide workforce of in-person medical professionals, Getlabs bridges the virtual care gap for telehealth providers to make informed decisions and deliver higher-quality care remotely.
The company has served tens of thousands of patients to date, and will continue to expand its offerings with additional building blocks for providing remote care such as imaging, immunizations, physical exams, and other essential healthcare services.
Healthworx is excited to have Getlabs as a part of its high-impact investment portfolio of companies that are driving the healthcare industry forward.
For more news and information on Getlabs visit the Getlabs website or this article featured on Techcrunch.