Using a mix of machine learning and computer system vision, Yes Health claims it can cut expenses and enhance adherence for behavioral-based treatments targeting diabetes, obesity and other persistent conditions. Those claims, and the company’s technology-based
method, has netted the business a brand-new $6 million in financing led by Khosla Ventures.
The business’s innovation automates client’s reporting requirements by enabling them to take a picture of their meals rather than entering their daily food consumption into a system. The company’s software acknowledges meals from the images and converts that details into data that physicians and clients can utilize to monitor their development.
If the ease of use for clients is one selling point, then the business’s automated messaging service is another. Using computer-generated triggers rather of human assessments lowers the cost of the service and eventually the price that folks have to pay.
Established by Alexander Petrov, a former PayPal executive who is, himself, pre-diabetic, Yes Health takes the therapies that have actually been originated by companies like Virta Health and Omada and makes them simpler for patients to manage.
“The biggest difference is that we have a level of customization that then translates into engagement that is very distinct,” states Petrov. “We are doing it through what we call an image-based in-the-moment technique … We record, evaluate and share data not simply through text but through images.”
The business, which launched six years ago, is working with Blue Guard of California and other healthcare partners. Yes Health has 10s of countless paying members, according to Petrov, and the vision is to reach millions of people.
Yes Health sells through both healthcare strategies and direct to customers– and the market the company intends to address is big. Roughly 34 million Americans had diabetes in 2018, according to information from the CDC, and another 88 million are considered pre-diabetic. The cost of looking after these conditions in the U.S. is an amazing $327 billion each year. Healthcare expenses for these patients can also reach more than 230% of the average American’s healthcare expenditures.
These issues handle brand-new significance offered the COVID-19 epidemic. Conditions like diabetes or obesity are connected to increasing chances of death from COVID-19 infection, according to reports.
“Americans are more mindful than ever about their health, and digital health has actually turned into one of the most crucial markets for development,” stated Samir Kaul, founding partner and handling director of Khosla Ventures, in a declaration. “Yes Health is proven to take on challenging and costly persistent conditions through an AI-augmented and all-mobile solution, aligning it with our company’s thesis in healthcare.”
Article curated by RJ Shara from Source. RJ Shara is a Bay Area Radio Host (Radio Jockey) who talks about the startup ecosystem – entrepreneurs, investments, policies and more on her show The Silicon Dreams. The show streams on Radio Zindagi 1170AM on Mondays from 3.30 PM to 4 PM.