FOLX announced a $4.4 million seed when it emerged from stealth in late 2020, followed by a $25 million Series A in February 2021.
The company has now announced a $30 million series B round to provide and expand new services to clients, including behavioral health and mental health services.
I can train anyone on medical protocols, but it takes years of experience and commitment to this community to create in-depth knowledge and connection.
I’d like clinicians who believe in empowering care and have confidence in person-centered care where they are not a leader but a partner.
- Consequently, nearly 4% of the population finds themselves utilizing the emergency department as their primary care destination.
- To remedy this problem, Folx provides virtual primary care services by way of a network of clinicians who are trained to look after LGBTQ community members.
- The Define team has partnered with companies, such as for example Livongo, HIMS, etc and believes that digital health entrepreneurs deserve investors which have proven digital health expertise and experience.
As healthcare burnout reaches epidemic levels, we must consider if technology is creating the problem.
The platform has “close to 10,000” users across nearly 50 states, Douillet Guzmán said.
She added Folx is dealing with employers and payers to obtain its services covered, but users currently receive care under a self-pay model.
New employer offering, building customer care teams and working toward accepting insurance plan.
The LGBTQIA+ population is among the fastest-growing demographic segments in the U.S., with the share of adults who identify as queer or trans increasing from 3.5% to 7.1% between 2012 and 2021.
On Thursday, FOLX Health announced its latest product offering — an enterprise service solution that employers can use to offer LGBTQIA+ staff end-to-end primary care, gender-affirming care, care advocacy and community building.
The application of large headings and bold text gives the slides a clean, modern look.
Incorporating statistics and numbers also lend credibility to the claims made by the competitive advantage slides.
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Joining the FOLX Board of Directors is Lee Shapiro, Managing Partner of 7wireVentures, whose deep roots in the employer enterprise will empower FOLX to expand the company’s direct-to-employer offering.
Shapiro previously served being an operator and person in the Board of Directors at Livongo alongside Define Ventures Founder and Managing Partner, Lynne Chou O’Keefe.
Over the same period, 9% of lesbian, gay, and bisexual respondents and 21 % of transgender respondents said a provider had even used harsh or abusive language when seeking medical care.
The business enterprise also hopes to expand into physical locations in the gay meccas, like West Hollywood and SAN FRANCISCO BAY AREA.
FOLX also offers plans to tap into sexual health, wellness care, family planning services, the areas of healthcare which have not been easy to get at for the LGBTQIA+ community.
Beyond revolutionizing the healthcare system for the LGBTQIA+ community, A.G.
Tells Very Good Light that nearly half of the team of practitioners at FOLX are either transgender or gender non-conforming.
This enables for the conversation between patient and practitioner to be respectful and educational, while also significantly reducing anxiety and apprehension of seeking trans-specific healthcare services.
With this capital, FOLX Health will continue expanding its best-in-class platform to service members, self-insured employers and their dedicated employee population.
In addition, almost 1 / 2 of LGBT+ people report they have an ongoing health condition that will require regular monitoring, health care, or medication.
“Overall, the current healthcare system is broken with regards to access for the LGBTQIA+ community but additionally heteronormativity,” A.G Breitenstein tells EXCELLENT Light.
It’s challenging to articulate how transformative Folx is for our community.
We achieve this mindful of the brilliant and brave Queer and Trans people who fought for this moment to happen,” said Cheatham in a statement.
She’s creating a healthcare experience that’s celebratory and dignified instead of one which pathologizing healthcare,” said Cheatham.
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Venture Studio Launches To Create Healthcare Startups With Diverse Founders
With that in mind, she said the company’s only true competitors are the LGBTQ-focused health clinics that are located throughout the country, usually in large cities.
Kara-Marie Hall, RN, BSN, CCRN, is really a rn with over ten years of patient experience and a certification in critical care nursing.
Verywell Health’s content is for informational and educational purposes only.
Our website isn’t intended to be considered a substitute for professional medical advice, diagnosis, or treatment.
Along with the funding, it had been also revealed that Lee Shapiro, Managing Partner of 7wireVentures and former Chief Financial Officer of Livongo Health, will join FOLX Health’s Board of Directors.
“Our individual identities, whether it be socioeconomic status, race, gender… most of these things inform how exactly we interface with the medical industrial complex,” Cheatham said.
Paloma Health is revolutionizing the management and treatment of hypothyroidism through a patient-centered and value-based care delivery model.
Hypothyroid medications will be the most prescribed drugs on the planet and 25M Americans have problems with hypothyroidism.
If this experience is remotely relatable, then we ask you to take a moment to imagine how magnified this might seem for members of the LGBTQ+ community, who constantly feel underserved.
As healthcare organizations comply with the federal EPCS mandate, artificial intelligence and digital identity technologies should be useful to detect, reduce, and remediate drug diversion.
Actually, Folx recently conducted a survey that found 71% of LGBTQ people actively avoided seeking care because of fear of discrimination, according to Douillet Guzmán.
With the aid of LGBTQIA+ leaders and clinicians, entrepreneur and queer health advocate A.G.
Breitenstein (she/they) founded FOLX to create inclusion and equality to healthcare.
With a focus on accessibility, trust, and convenience, FOLX really wants to help the LGBTQIA+ feel respected and included in health care—an industry that has left them marginalized.
Launching today (Dec. 3), FOLX is poised to be the first-ever digital healthcare company specifically designed to provide fully customizable medical plans for the LGBTQIA+ community.
LGBTQ virtual care platform Folx Health recently closed a $30 million Series B financing round, bringing the startup’s total funding up to now to roughly $60 million.
The company will use the money to expand its services, including the addition of clinician-led support groups.
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