First Stop Health raises USD 6.5m to fuel growth in virtual healthcare

First Stop Health, LLC has raised USD 6.5 million in equity capital to enhance its market position as a provider of virtual healthcare services for the employer marketplace, the company said.

Leveraging its unique member engagement and guaranteed employer savings model, First Stop Health is now poised to further accelerate its growth.

The funding was led by Joe Mansueto, Founder and Chairman of Morningstar, and Rich Gallun, Co-founder and former CEO of benefits platform provider bswift. First Stop Health Co-founders, Patrick Spain, CEO, and Dr. Mark Friedman, Chief Medical Officer, also participated along with many of the company´s existing investors. First Stop Health has raised a total of USD 14.2 million since its founding in 2011.

With the highest telemedicine utilization rate in the industry and putting its fees at risk to do so, First Stop Health is the move toward value-based medicine in virtual healthcare.

To learn more about First Stop Health, visit First Stop Health provides virtual healthcare services for the employer marketplace, including telemedicine and care navigation to members via phone, online video consultation, and iPhone and Android apps.