A recent press release announced, Twine Health has closed its series A financing totaling $6.75M, propelling the company's mission to make its health coaching platform the linchpin of value-based care.
Twine is coming off a foundational 2015 having engineered its platform for large-scale commercial deployment, performed clinical pilots with unprecedented outcomes and made key management hires in marketing and sales. Going into 2016, Twine is poised to achieve rapid adoption of its health coaching platform by care delivery organizations that are assuming financial risk for the health of their population, according to the release.
Institutional investors in the round include Khosla Ventures, Provenance Venture Forum, and Tower Capital Partners. Also participating in the round are industry veterans Andy Palmer, James Pallotta and Henri Termeer, according to the release.
Twine CEO John Moore spoke of the secrets to success, "Our clinical partners have bought into true health coaching. To us, that's having care teams who work with patients to set goals and provide continuous support to reach those goals. The key to successful health coaching is an empathetic human touch from someone who understands the psychology of health behavior change. Twine's philosophy is to revere the art of that health coach. Instead of trying to replicate or replace that human touch, we build technology that allows health coaches to scale their reach to superhuman proportions and empowers patients to build maximal self-efficacy."
To read the press release in full, click here.