Wellth raises $2M

What does Wellth do?

Wellth, is a behavior change platform for health insurers. This company helps people in saving money on health care costs through behavior change. The company pays people for taking care of themselves well.  They provide incentives for health behaviors that can be verified such as checking blood glucose levels, consuming medicines properly etc. The health care is filled with wasteful spending and preventable costs. This company produces real savings in healthcare for ACOs, health insurers and big employers who are self-insured. The company has a science based and data driven approach to produce verifiable health behavior changes. This is the only digital health company that builds complex models of chronic disease models for predicting future outcomes for health care delivery and its costs.

How much Wellth was funded?

The company raised $2M on May 25, 2016 from Koh Founders, I2BF Global Ventures, AltaIR Capital, AXA Strategic Ventures and Beta Bridge Capital.

Previous funding

• $400k on October 31, 2014 from Koh Founders

What is next for Wellth?

As a part of the funding, Manish Agarwal, AXA Strategic Ventures’ general partner, will join the company’s board of directors. The company is excited about its ability to verify and prompt patient behaviors translates into lesser number of hospitalizations, readmissions and reduce the overall medical costs. The company plans on using the latest funding raised for continuing its focus on digital health as a core investment thesis.

More about Wellth

Wellth was founded in 2014 by Alec Zopf and Matthew Loper. It has its headquarters in New York, NY. This company helps risk bearing healthcare providers and insurers in better understanding their populations, improving customer health and retention, reducing the costs, through a mobile first, financial incentive focused behavioral change platform. The company’s aim is helping insure the adoption and success of value based care.

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