Form Health
Overview
Form Health is an innovative digital health startup founded in 2019 by Evan Richardson and headquartered in Boston, Massachusetts. It specializes in offering personalized, science-backed weight loss programs primarily through telemedicine services. With a focus on individualized care, Form Health employs a team of Board Certified Doctors and Registered Dietitians to deliver tailored weight loss plans. The company has raised $64.9 million over time, gaining notable traction in the rapidly expanding field of digital health and obesity care.
Recent Developments
- July 2024: Form Health secured $38 million in its Series B funding round, led by Sound Ventures, along with participation from M13, SignalFire, and NextView Ventures. This funding is aimed at enhancing the company’s telehealth technology platform and recruiting additional healthcare professionals to expand its services.
- 2023: Form Health continued to strengthen its enterprise partnerships, working with major employers and health plans to extend its reach. These partnerships are crucial for providing cost-effective, science-based obesity care while offering meaningful ROI for partner organizations.
- December 2023: Increased focus on patient safety led to Form Health's active stance against unregulated compounded medications being prescribed in telehealth, highlighting its commitment to using only FDA-approved, evidence-based treatments.
- 2023: The company was involved in significant media discussions around medical ethics in telehealth, emphasizing the importance of patient safety and evidence-based medication in treating obesity.
Company Information
| Attribute | Information |
|---|---|
| Founding Date | 2019 |
| Headquarters | Boston, Massachusetts |
| Founders | Evan Richardson |
| Revenue | Not publicly disclosed |
| Profits | Not publicly disclosed |
| Key Investors | Sound Ventures, M13, NextView Ventures, SignalFire |
| Industry | Digital Health / Telehealth |
| Number of Employees | 111 |
| Services Offered | Telemedicine-based weight loss programs |
Early History
Founded in 2019, Form Health was born out of the need for a medically supervised, digital approach to weight loss that is grounded in scientific research. Evan Richardson, leveraging advanced telehealth technology combined with innovative obesity treatments, launched Form Health to address the rising obesity epidemic. The company's initial focus was on creating a flexible, virtual care model that offers regular video visits and constant communication between patients and providers, establishing a new standard of care for weight management.
Company Profile and Achievements
Form Health has quickly positioned itself as a leader in digital health for obesity care. Its model focuses on individualized treatment plans that incorporate diet, exercise, behavioral changes, and when suitable, FDA-approved weight loss medications. These interventions are supported by advanced telemedicine technology:
- Telehealth Integration: Patients engage in frequent video visits and unlimited messaging with their care team, fostering a tailored and supportive environment.
- Comprehensive Programs: Each program is designed considering the individual's medical history, lifestyle, and health goals, enhancing patient engagement and outcomes.
- Proven Outcomes: Studies show Form Health patients achieve an average weight loss of 16% over 18 months, with significant improvements in related health markers.
- Insurance Accessibility: The service is broadly accessible due to insurance coverage, lowering financial barriers and making effective care attainable for a larger population.
Current Operations and Market Position
Currently, Form Health operates nationwide through its robust telemedical platform, pioneering in science-based obesity treatment with a patient-centric approach. The company is known for its substantial impact on employer healthcare costs and patient health outcomes. Continuing to expand its clinical partnerships and enterprise collaborations, Form Health remains a key player in the telehealth obesity management space, catering to a growing market fueled by a heightened awareness of the need for effective weight management solutions.
Conclusion
Form Health stands as a transformative force in digital health with its focus on personalized obesity care. By integrating cutting-edge technology with compassionate clinical guidance, it not only improves patients’ quality of life but also addresses significant healthcare cost burdens. With substantial backing from prominent investors, its trajectory suggests a strong, impactful future in expanding the reach and efficacy of telemedicine in chronic disease management.