User:MichaelGrossmanjr/sandbox
| Company type | Private |
|---|---|
| HealthJoy | |
| Industry | software[1] |
| Founded | Chicago, Illinois, United States (2014)[2] |
| Founder | Justin Holland Doug Morse-Schindler[1] |
| Headquarters | Chicago, Illinois , United States |
Key people | Justin Holland (CEO & Co-Founder), Doug Morse-Schindler (President & Co-Founder), Rick Ramos (Chief Marketing Officer), Brad Aaron (COO) |
Number of employees | 250[1][3] |
| Website | healthjoy |
HealthJoy is a software company based in Chicago, Illinois[4][3] that navigates employer-sponsored health insurance for enterprise and corporate employees.[5][6][7][8]HealthJoy functions as mobile app with access to telemedicine, a digital wallet, and other tools.[9][10][11]
History
HealthJoy was founded by Justin Holland and Doug Morse-Schindler in 2014. The company began as a direct-to-consumer service to navigate healthcare-related programs for Affordable Care Act health insurance plans.[4] In April 2016, HealthJoy raised $3 million in seed funding from angel investors.[8]In early 2017, HealthJoy pivoted to a business-to-business model, working with employers providing their employees healthcare insurance. HealthJoy has raised capital through a series of funding rounds. Its investors include U.S. Venture Partners (USVP), Social Capital, Health Velocity Capital, Chicago Ventures, EPIC Ventures, and Sidekick Fund.[5] During the August 2017 Series A round, Chicago Ventures led the series with a total round of $3 million, according to the Wall Street Journal.[7][12]
The Series B round raised $12.5 million with U.S. Venture Partners leading the investment round. Health Velocity Capital led the company’s $30 million Series C round in February 2020.[13][14] In 2019, the company launched HealthJoy EAP, a mental health support project for corporate clients' employees seeking help for anxiety, depression and addiction and other mental issues.[10][15]
In March, 2020, HealthJoy added additional sources to its mobile app related to the information about Coronavirus disease (COVID).[16][17][18]
References
- ^ a b c Crunchbase: HealthJoy business profile
- ^ Bloomberg: HealthJoy, LLC
- ^ a b HealthJoy company's website
- ^ a b TechCrunch: HealthJoy raises $12.5M Series B to help employees make the most of their healthcare benefits
- ^ a b MedCityNews: Benefits assistant HealthJoy raises $30M
- ^ Albany Business Review: How Albany's largest health insurance agency is making it easier for customers to keep costs down
- ^ a b WSJ Pro Venture: HealthJoy Raises $3 Million to Bring AI to Health Benefits Navigation
- ^ a b Chicago Tribune: Virtual health care guide HealthJoy raises $3 million in seed funding
- ^ Bulletin: HealthJoy wants you to talk to an A.I. chatbot when you wake up sick at 2 a.m
- ^ a b EBN: HealthJoy expands with launch of EAP
- ^ Entrepreneur: This Startup Is Lowering Companies Healthcare Costs With AI
- ^ ChicagoBusiness: Chicago Ventures, GoHealth and kCura founder Sieja back this startup
- ^ TechCrunch: Created to help employees figure out health benefits, HealthJoy raises $30 million
- ^ AmericanInno: Chicago Startup HealthJoy Raises $30M to Hire 200
- ^ Illinois Technology Association: Created to Help Employees Figure Out Health Benefits, HealthJoy Raises $30 Million
- ^ EBN: HealthJoy launches instant coronavirus resources on their mobile app
- ^ EBN: HealthJoy launches streamlined access to telemedicine in wake of COVID-19 pandemic
- ^ Yahoo Finance: HealthJoy launches its revamped employee benefits assistance platform