HealthiestYou raises $30M for employee wellness, telemedicine app

By Aditi Pai

HYScottsdale, Arizona-based HealthiestYou, which offers a health app through employers, raised $30 million from Frontier Capital.

Employees can use the app to access HealthiestYou's location-aware provider directory to read reviews, ratings and background information, compare prescription pricing for more than 5,000 drugs at more than 100,000 pharmacies, and receive customized alerts that help the employee stay on top of their benefit and savings reminders.

In two weeks, employees will also be able to use HealthiestYou's app to set up video visits with doctors on smartphones, online, and smart TVs.

According to the company, more than 4,000 employers across the United States are using HealthiestYou's offering, which is available as an iOS and Android app, called HY, as well as a web-based service. One such employer is Billings, Montana-based Valley Federal Credit Union.

HealthiestYou, which was founded in 2012, first launched its app this year, in March. Prior to that the bundle of services was made available to paying members online.

"Everything you need is now finally in one place, taking the guesswork out of care decisions," HealthiestYou CEO Jim Prendergast said in a statement at the time. "...Our goal is to reduce the frustration by simplifying many common tasks and by bringing transparency to healthcare. By giving Healthiest You members a wide array of tools on their smartphone, we're like the OpenTable of healthcare."

And last year, in October,  HealthiestYou announced that it had named Pat Sir, who previously served as an executive operating partner at UnitedHealth Group Ventures, as its president.

HealthiestYou is the latest in a growing list of other telemedicine-focused companies that have received funding this year. Some of these companies include Doctor on Demand and MDLive, which each raised $50 million, Carena, which raised $13.3 million, and, which raised $3.5 million.