Pyx Health offers an evidence-based, data-driven loneliness solution that pairs scalable app-based technology with timely, skilled human interventions to improve mental and physical health outcomes. The company serves more than 6 million covered lives, ages 13 to 102, across more than 70 markets in nearly 30 states and works with nearly all major payers as well as government, employer and community health plans. Founded in 2017, Pyx Health positions its product as a non-clinical, science-based approach to address social determinants of health and to reduce healthcare costs associated with loneliness. The company emphasizes health equity and targets vulnerable populations where provider shortages make non-clinical interventions necessary. Pyx plans to accelerate growth and scale its operations with support from its new strategic partner, leveraging technology, human support, and payer relationships. Pyx Health offers a digital platform, a Compassionate Support Center, and an online bot that uses ongoing, evidence-based feedback and pathways to provide emotional support for people suffering from social isolation and loneliness. The platform supports human interventions tailored to individuals' needs, including assistance with social determinants of health such as access to food, housing, transportation, and prescription medication. Pyx has more than doubled its user base and achieved 2,000% growth since 2019 and is contracted with four of the top five national health plans while expanding into the employer market. Its services have been shown to reduce healthcare utilization costs, producing an 11% reduction per member per month in emergency department and inpatient spending and a reported 46% reduction in inpatient costs. Following a strategic investment from Rallyday Partners, Pyx plans to enhance and scale service offerings, recruit additional talent, and accelerate technology development. The company is based in Tucson, Arizona and is led by founder and CEO Cindy Jordan. Pyx Health builds a mobile app (debuted in 2018) centered on a chatbot named Pyxir that engages patients at risk of loneliness or social isolation after hospital stays and other care transitions. Pyxir tells jokes, asks questions, and is designed to run on phones seniors commonly use; the company also operates a call center that reaches out when the app's screening tools indicate additional help is needed. Payers in Medicaid and Medicare refer patients to the service; the app is free to patients with costs covered by payers, though the company declined to disclose payer pricing. The app has nearly 4,000 users; Pyx reports that about 70% of people contacted download the app and 83% use it nearly every day for a month. A case study from a Southwestern health plan of 81 Medicaid users showed a 46% net reduction in inpatient spending versus 200 matched non-users, and a larger 400/400 study is underway. Pyx expects to book $5 million in revenue this year, reported $2.1 million for the 18 months ending in December, and plans to grow headcount from 22 to 40. The company was founded in 2017 and is based in Tucson, Arizona; Cindy Jordan is founder and CEO.

Total raised

$2M

Funding rounds

3

Latest round

Equity

Latest activity

Feb 2020