Parsley Health CEO Robin Berzin

Parsley Health, a medical practice that charges a monthly fee and doesn’t take insurance, just raised $26 million in a round led by White Star Capital.
At Parsley Health, a $150-a-month membership provides access to doctors and health coaches, with the goal of treating conditions in a more comprehensive way than traditional primary care.
Now, Parsley wants to bring its services to people who can’t get to one of its three locations through a virtual service.
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Parsley Health, a new kind of doctor’s office that charges a monthly fee and doesn’t take insurance, is planning to take its business virtual.

The company, which operates three clinics in New York, Los Angeles, and San Francisco, on Thursday said it raised $26 million to help pull off that expansion.

White Star Capital led the Series B round, with FirstMark Capital, Amplo, Alpha Edison Partners, Arkitekt Ventures, and Galaxy Digital joining in alongside One Medical founder Tom Lee and Flatiron Health CEO Nat Turner. In total, the company’s raised $36 million from investors.

Parsley Health’s approach of offering care for a monthly fee is similar to direct primary care, a small but fast-growing movement of pediatricians, family-medicine physicians, and internists. This group doesn’t accept insurance, and instead charges a monthly membership fee that covers most of what the average patient needs, including longer visits and some prescription drugs at lower prices.

The boost in funding comes as investors are pouring hundreds of millions into companies looking to shake up the way patients go to the doctor’s office.

Read more: Meet the 8 companies changing how doctors get paid and building the future of medicine

Taking Parsley’s model virtual

Founded by Dr. Robin Berzin in 2016, Parsley Health is focused on functional medicine, which takes a more comprehensive …read more

Source:: Business Insider


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