Omada Health is a San Francisco-based digital health company that provides cardiometabolic digital chronic care programs for employers and health plans. Its core offering combines behavior-change programs with insights-driven coaching across critical clinical areas. The company serves more than 1,700 customers and roughly 550,000 members. Omada said it will use the new funding to accelerate hiring at all levels, advance its technological roadmap for care and coaching personalization, and increase investment in the Omada Insights Lab to further improve health outcomes. Sean Duffy is co-founder and CEO, and the company recently expanded its executive team and board with Taylor Harris joining the board, Nancy Vitale as Chief People Officer and Sunil Kayiti as Chief Technology Officer. Omada Health is a San Francisco, CA–based digital care company led by CEO and co-founder Sean Duffy. It offers personalized digital health programs for diabetes prevention, type 2 diabetes management, hypertension, behavioral health, and musculoskeletal issues. Programs combine professional health coaching, connected health devices, real-time data and personalized feedback to deliver clinically meaningful results. Through the acquisition of Physera, Omada adds a musculoskeletal solution delivered digitally and via telehealth to its suite of programs and will begin offering the musculoskeletal program immediately. To finance the Physera deal and support future growth, Omada raised an additional round of growth capital from Perceptive Advisors; the amount of the acquisition and the financing were not disclosed. Omada Health offers a digital care program combining data-powered human coaching, connected devices, a proprietary technology platform, and tailored curriculum to drive sustainable lifestyle change. The company works primarily through health plans, employers, and integrated health systems to deliver personalized interventions for diabetes prevention and chronic-condition management. Omada has enrolled more than 275,000 participants to date and lists partners including Cigna, Kaiser Permanente, and Blue Cross Blue Shield Minnesota. The Omada Program became a covered benefit for Intermountain employees and their adult dependents in 2019, and the company’s collaboration with Intermountain has produced clinical outcomes and a roadmap for large health systems adopting digital solutions. Led by co-founder and CEO Sean Duffy, Omada announced a $73 million round earlier in 2019 led by Wellington Management, bringing total investment to more than $200 million. The company continues to expand partnerships with large healthcare organizations to scale its digital care offerings. Omada Health delivers an integrated digital care program that combines data-powered human coaching, connected devices, a proprietary technology platform, and tailored curriculum to personalize participants' health journeys. Led by CEO and co-founder Sean Duffy, the company works primarily through more than 600 employers and health plans across all 50 states. Omada has enrolled more than 250,000 participants to date and partners with payers including Cigna, Kaiser Permanente, Health Care Services Corporation (HCSC), and Blue Cross Blue Shield Minnesota. The company will use the $73M funding to accelerate the continued expansion of its digital care program, including support for people with type 2 diabetes, hypertension, anxiety, and depression. The funding is intended to scale its integrated care offerings and broaden reach among employers and health plans. Omada Health builds a data-driven, evidence-based digital behavioral counseling platform aimed at preventing chronic conditions such as type 2 diabetes, heart disease, and hypertension. Its program combines proven behavioral science, professional health coaches, peer groups, connected technology, and design, and is the largest CDC-recognized provider of the National Diabetes Prevention Program. The company has published seven peer-reviewed studies and was the first digital health provider to demonstrate sustainable results over a two-year horizon. Omada has enrolled more than 100,000 participants and reported its largest enrollment quarter in company history. It operates on a pay-for-outcomes pricing model and is preparing to begin offering services to Medicare beneficiaries in 2018 as it expands further into the health plan and health system space.

Total raised

$422M

Funding rounds

11

Latest round

Series E

Latest activity

Feb 2022