SAN FRANSISCO, April 15, 2020 / PRNewswire / – Yes Health, a leading digital health provider focused on weight loss, nutritional counseling and prevention of type 2 diabetes, today announced $ 6 million in new Series A funding led by Khosla Ventures. Yes Health is a CDC lifestyle system and behavior change that is fully recognized by CDC which combines personal training with a cellular-based platform that helps members prevent and manage chronic conditions through better diet, exercise and well-being.
Using AI that adds to human health coaching, Yes Health provides personalized therapy for members at the right time directly to their smartphones, and coaching at that time produces up to 12 times the learning moment compared to programs that use telephone or video-based training.
“Americans are more aware than ever about their health, and digital health has become one of the most important markets for innovation,” said Samir Kaul, founding partner and managing director of Khosla Ventures. “Yes Health is proven to overcome difficult and expensive chronic conditions through AI-augmented and all-mobile solutions, aligning them with our company’s thesis in health care.”
According to CDC, about 34 million Americans suffer from diabetes in 2018, and surprisingly 88 million suffer from prediabetes. Type 2 diabetes in particular, which is often caused by obesity, can create significant cost problems for individual patients and the system as a whole. Only diagnosed cases cause the U.S. health system $ 327 billion each year, and patients suffering from diabetes have health care costs that average more than 230 percent of Americans.
These health and cost implications are even more problematic during outbreaks of infectious diseases, because health resources are strained, people cannot exercise or see their doctor easily, and are more difficult to maintain healthy behavior. As a result, digital health has become the recommended way to maintain continuity of care, especially for those with underlying conditions such as diabetes or obesity who are often at greater risk.
“Diabetes and obesity are the main epidemics, but can still be overcome, with their own right that puts tremendous pressure on the US health care system. At Yes Health, we have invested significantly to combine the best of Silicon Valley technology with the loving care of the best. health care professionals to give people back control over their health, “said Alexander Petrov, founder and CEO of Yes Health. “Now, more than ever, it is very important for us not to let one health crisis worsen another health crisis, in vain increasing human suffering and community costs.”
Yes Health serves tens of thousands of people and is offered directly to consumers or through their superiors or health plans. Members on average lose more than five percent of their initial weight, regularly exercise more than 150 minutes per week and increase their nutritional value to “healthy” within 13 weeks.
Because of the unique combination of advanced automation platforms, artificial intelligence and human support, main health plan have started offering Yes Health to their members at no cost because it can scale a large health population with an attractive “economic unit of value”.
Yes Health plans to use these funds to grow its staff, expand its platform and increase the scale of its operations.
About Yes Health
Yes Health is a CDC-approved all-cellular diabetes prevention program, with training now designed to empower people everywhere to start living healthier, happier lives. Our team of doctors, health trainers and engineers has created a platform of high involvement, low-cost lifestyle changes, easy to follow, and successful in preventing type 2 diabetes and weight loss. Yes Health helps people who are responsible for their health – and have fun doing it – by developing healthy habits that last a lifetime. For more information, visit www.yeshealth.com.
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