Palta Nets $100M To Scale Healthcare Products

Health and well-being tech firm Palta has introduced it has raised $100 million in a Series B spherical.

Palta’s merchandise ship preventive well being care, providing technological options to a wide range of well being points and life-style fixes.

The firm desires to create extra apps like Flo, which helps ladies monitor their menstrual cycles.

Other apps by the corporate embody Simple Fasting, a weight-reduction plan app, and Zing Fitness Coach, a personalised health app.

Read More: Palta Closes $100m Series B Funding Round Led By VNV Global

“Stemming from my ardour for constructing merchandise which positively impression tens of millions globally, Palta collaborates with those that share our values and imaginative and prescient. Palta Brain platform, the foundational powerhouse that drives our client digital apps, permits for a lot quicker scaling of each merchandise that we envisage internally, in addition to those who come to us from the market. This could be seen clearly in our 10x progress in two years alone,” stated Yuri Gurski, CEO and founding father of Palta.

Gurski additionally stated that the corporate desires so as to add extra well being and health product choices. Gurski added that not solely does having multiple product assist to deal with quite a few completely different ache factors for customers, it additionally makes extra alternatives for studying and cross-pollination.

PYMNTS lately wrote about how the pandemic was the ultimate straw to permitting healthcare to enter the related economic system, letting telehealth companies develop into extra mainstream.

Related: Why It Took A Pandemic To Bring Healthcare Into The Connected Economy

Prior to the pandemic, PYMNTS wrote that there have been solely slight methods for customers to entry to telehealth. Only round 25 p.c of U.S. shoppers in 2018 had used it. By 2019, 77 p.c stated they’d used it, however solely sparingly.

However, the pandemic opened the floodgates for telehealth, with a spike of 154 p.c in comparison with earlier than.

Even as soon as the pandemic lastly recedes for good, telehealth appears to be right here to remain. Convenience performs an element, with many individuals discovering out how straightforward it’s to work a physician’s appointment from house quite than taking the time to exit.



About: Healthcare firms are losing 12 percent of their annual revenues to fraud, waste and abuse (FWA), yet few utilize artificial intelligence (AI) to address these issues due to cost concerns. In AI In Focus: Targeting Fraud, Waste And Abuse In Healthcare, PYMNTS surveyed 100 healthcare executives to learn how AI could actually help firms unlock savings by curbing costly false claims and false positives.

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