Heartbeat Health Gains $20 Million to Accelerate Virtual Healthcare

By McKenzie Carpenter Monday, May 10, 2021

Heartbeat Health, a telehealth startup company, announced it raised $20 million to expand its virtual heart health app.

Heartbeat Health.

About Heartbeat Health

Created by cardiologist Dr. Jeff Wessler, Heartbeat Health is a cardiovascular telehealth startup company with an app that assists in preventing and managing cardiovascular disease. The purpose of the telehealth business is to potentially transform cardiovascular care to better address heart disease.

The startup company’s full-service app connects patients, doctors, employers, and long-term care facilities through secure online virtual meetings to share information and collaborate on treatments. The data-powered app allows patients and doctors to use Measure, a remote diagnostic tool, to determine blood pressure, weight, and heart rate.

According to the startup company, 80% of deaths from cardiovascular disease such as heart attacks or strokes can be attributed to preventable health conditions: high blood pressure, high cholesterol, poor diet, and etc. The telehealth business claims its app has served more than 60,000 patients with assistance from remote diagnostic tools and digital heart health programs.

Accelerate Business Growth

Heartbeat Health announced in a press release it raised $20 million in a Series B financing round led by Echo Health Ventures. DaVita Venture Group and other existing investors also participated in this round. The startup company has raised more than $30 million in funding.

Dr. Jeff Wessler, co-founder and CEO of the telehealth business, said in a statement, “We’ve built a remarkable virtual-first platform to standardize and scale cardiovascular care for patients who need it the most. By working with at-risk organizations our model has focused on improving clinical outcomes at lower costs and provides a much-needed data-driven approach to this growing field of virtual care.”

With the new capital, the startup company plans to accelerate business growth by investing more in product R&D and expanding clinical services offered to at-risk organizations. In addition, Jessica Zeaske, partner at Echo Health Ventures, will join the Board of Directors at Heartbeat Health.

This new funding comes over a year after the telehealth business raised $8.2 million in Series A funding.

Heart Disease in the United States

Heartbeat Health could potentially provide life-saving treatments or prevention methods for adults who have or are suspected of having heart disease.

The Centers for Disease Control and Prevention (CDC) reported that heart disease is the “leading cause of death” among men, women, and “people of most racial and ethnic groups” in the US. As a result, one person dies every 36 seconds from cardiovascular disease — approximately every one in four deaths.

More than 800,000 Americans have a heart attack every year, one in five of which are silent heart attacks. A silent heart attack refers to a heart attack where there are no, few, or unrecognizable symptoms, but the damage to the heart still occurs.

Furthermore, the CDC stated that 90% of the nation’s $3.8 trillion in annual healthcare expenditures are for people who suffer from mental health disorders and chronic conditions, such as heart disease.

About the Author

Headshot of McKenzie Carpenter

McKenzie Carpenter is a graduate of Central Michigan University with a B.A.A. in Integrative Public Relations and French. McKenzie has previously worked for small businesses and nonprofit organizations.

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