Sharecare offers a suite of digital health and population-health products and has expanded its AI capabilities through acquisitions, notably Healthways' population health business and Doc.AI. The company licenses tools such as Doc.AI's Covid-19 evaluation tool and a mental-health chatbot to health plans, and works with plans on claims analytics and predicting medical events. CEO Jeff Arnold has described the company's aim as building a "Facebook for health" to drive vaccinations, mental-health support, care navigation and next-best-action guidance. Financially, reported revenue declined from $342 million in 2018 to $328 million in 2020, with a net loss of $61 million in 2020 (vs. $39M in 2019 and $55M in 2018). Sharecare projects revenue of $396 million in 2021 and $512 million in 2022, and says sales have picked up since the pandemic slowdown, adding clients such as Delta Air Lines. The company is pursuing a public listing via a SPAC merger while continuing to deepen strategic partnerships with payers like Anthem. Sharecare operates a comprehensive digital engagement and virtual care platform that delivers personalized health content, clinically validated tools, and provider solutions to individuals, employers, health plans, and providers. The platform includes data management tools and artificial intelligence capabilities to identify and close gaps in care and to enable providers to prescribe digital therapeutics and clinical programs through a secure, unified interface. Sharecare plans to co-develop consumer-facing offerings with health system partners and to integrate with electronic medical records to personalize care and improve outcomes. In Summer 2021 Sharecare’s virtual care platform was slated to roll out to Wellstar’s 24,000 team members. To support these strategic partnerships and custom development, Wellstar made a $10 million strategic investment in Sharecare. Sharecare also announced a definitive merger agreement with Falcon Capital Acquisition Corp. on February 12, 2021. Sharecare operates a comprehensive mobile health platform that provides personalized health profiles, evidence‑based programs, coaching tools and connections to health professionals and services. The platform serves individuals and also enables providers, employers and health plans to scale outcomes‑based health and wellness solutions across populations. Sharecare emphasizes data‑driven, frictionless technologies and clinically validated protocols to move users from assessment to action. The company highlights plans to expand its impact on individual and community well‑being, including initiatives focused on Georgia. Sharecare is based in Atlanta and Columbus, Georgia, and says partnerships like the one with Aflac will help accelerate its mission. Financially, the company reports it has raised more than $425 million in total capital since founding. Sharecare is an AI-powered digital health platform that leverages smartphones to give users access to personalized care and health management in a single place. Founded in 2010 and based in Atlanta, GA, the company applies artificial intelligence to aggregated behavioral data in real time to personalize recommendations and predict and influence positive outcomes. Its platform targets employees, health plan members, patients, caregivers and self-motivated individuals, driving daily engagement through a holistic focus on health. Sharecare aggregates a critical mass of behavioral data to deliver tailored recommendations and simplify health management for individuals. The company is led by president Justin Ferrero and was founded by Jeff Arnold and Dr. Mehmet Oz. The article does not disclose revenues or user metrics. Sharecare provides a comprehensive digital health platform that integrates personalization, interoperability and daily engagement to connect people with the healthcare system. The company has focused on population health solutions for large employers and health plans in addition to its provider and consumer offerings. Sharecare has integrated capabilities through building and acquisitions, including its 2016 acquisition of Healthways, and offers programs such as Dr. Ornish’s Program for Reversing Heart Disease. HMSA is rolling out Sharecare’s platform statewide in Hawaii, with ambassadors and employees already onboarded and deployment to all residents expected this summer. Sharecare plans to make the platform available to other health plans and employers and to add additional content, including the Blue Zones Project and Dr. Ornish program later this year. The company has said it is developing immersive health experiences that integrate virtual reality and 360-degree video to improve health engagement.

Total raised

$94M

Funding rounds

10

Latest round

Equity

Latest activity

May 2021