Although ladies throughout the U.S. bear menopause every year, solely 20% of OB/GYNs on how to deal with questions associated to this pure transition in life or the right way to deal with problems arising from it.
was based in 2015 to deal with this drawback by erecting ladies’s well being facilities by which 100% of clinicians are skilled in menopause and sexual healthcare. On Monday, the corporate $18 million to broaden its care mannequin and open extra of those well being facilities.
The oversubscribed Sequence A-1 spherical was led by , with participation from and . The spherical brings HerMD’s whole funding to just about $30 million.
HerMD’s headquarters are in Cincinnati, the place it opened its first ladies’s well being heart in 2015. The corporate operates one other three well being facilities in Kentucky, Indiana and Tennessee, and it’s making ready to open a fifth one in New Jersey subsequent week.
“Ladies from 35 states and three international locations traveled to HerMD’s first location in Cincinnati resulting from a scarcity of entry to suppliers who’re skilled in menopause and sexual healthcare and who take insurance coverage. HerMD is fixing this large hole in healthcare by making a affected person care mannequin that provides evidence-based options in brick-and-mortar areas inside an insurance-based mannequin,” mentioned Somi Javaid, the corporate’s co-founder and chief medical officer.
Underneath HerMD’s care mannequin, sufferers can obtain complete ladies’s healthcare through each in-person visits and digital care choices, with an emphasis on menopause and sexual healthcare, Javaid defined.
HerMD’s workers members include OB/GYNs, nurses and nurse practitioners — all of whom are skilled in dealing with questions associated to and/or problems arising from menopause and sexual healthcare. They supply basic gynecologic care, menopause care, sexual healthcare and medical aesthetics providers, in addition to imaging, phlebotomy, minimally invasive surgical procedure and retail merchandise, Javaid defined.
“We’ve solved each side of the well being care dilemma — now we have given suppliers mission-driven work and the time they should follow drugs. We’ve delivered on distinctive suppliers, who’re expertly skilled in an exquisite area for sufferers. On this state of affairs, each supplier and affected person are seen and ship an distinctive mannequin of healthcare that’s revolutionary, not simply repackaged,” Javaid declared.
HerMD affords digital care choices throughout the 4 (quickly to be 5) states that it at the moment operates brick-and-mortar areas. Sufferers could make an appointment for a digital session and from there, their HerMD supplier can create a care plan, Javaid mentioned.
She additionally identified that sufferers can journey to a HerMD location after which proceed their take care of as much as a 12 months nearly. The corporate affords follow-up appointments through digital care as nicely.
HerMD accepts non-public insurance coverage and Medicare. The corporate additionally affords self-pay choices, and there are some services that aren’t coated by insurance coverage, similar to medical aesthetics like laser hair elimination and Botox injections.
Ladies’s well being is an space ripe for innovation, and HerMD is definitely not the one firm in search of to rework the area. Considered one of its fundamental rivals is , a startup offering hybrid main care, OB/GYN providers and psychological well being care to ladies. Each HerMD and Tia settle for non-public insurance coverage, however Tia doesn’t settle for Medicare.
HerMD additionally differs from Tia as a result of it’s physician-founded, Javaid mentioned. She added that HerMD’s care mannequin incorporates information to make sure higher affected person outcomes.
“Our analysis is introduced at main healthcare conferences yearly. Knowledge is the one manner we are going to smash the established order and broaden fashionable minimally invasive care inside an insurance-based providing,” Javaid declared.
She additionally acknowledged that there are telehealth firms that concentrate on menopause care. Some embrace , and . Javaid argued that HerMD is “really one of many solely firms providing this kind of care inside a brick-and-mortar mannequin.”
Photograph: HerMD