Digital healthcare guidance firm Amino Health raised $80 million in equity and debt financing led by Transformation Capital and Oxford Finance LLC, respectively. The investment validates the company's efforts to make healthcare more accessible and convenient through its solution.
Amino Health's solution connects over 1.5 million members to high-value providers and facilities while ensuring the best cost-effective care. The solution enables members to make informed care decisions based on their condition, providers' ratings, and proprietary costs. Members can also schedule and keep track of appointments on the platform itself.
“While healthcare has evolved significantly over the last ten years, Amino Health has remained steadfast in our commitment to the needs of patients by empowering them with the information necessary to make informed healthcare decisions. This investment and financing validates our core belief that putting people first has value in healthcare, and the need for pioneering technology solutions that support this endeavor is not only important – it’s imperative. In a crowded, highly regulated market, this funding will fuel Amino’s continued growth, product innovation and ability to facilitate deep integrations with enterprise partners to support more patients at scale,” said David Vivero, CEO and co-founder of Amino Health.
Despite unstable digital health investments, this funding round comes as a testament to Amino Health's successful model. The company plans to invest funds into product innovation and further growth.
Originally a direct-to-consumer product, Amino Health currently runs through an enterprise subscription model, which brings its configurable consumer solution to the members of participating health plans, third-party administrators, benefits administrators, and concierge care vendors.
In response to recent regulations, Amino Health enhanced its platform to surpass TIC Rule requirements by integrating new pricing data into the navigation experience.