Telehealth Startup SteadyMD Acquires BlocHealth to Expand US Reach

Keerthi Vedantam

Keerthi Vedantam is a bioscience reporter at dot.LA. She cut her teeth covering everything from cloud computing to 5G in San Francisco and Seattle. Before she covered tech, Keerthi reported on tribal lands and congressional policy in Washington, D.C. Connect with her on Twitter, Clubhouse (@keerthivedantam) or Signal at 408-470-0776.

Telehealth Startup SteadyMD Acquires BlocHealth to Expand US Reach
Courtesy of SteadyMD

SteadyMD, a Westlake Village-based telehealth startup, has acquired health care credentialing platform BlocHealth, it announced on Tuesday. The deal makes SteadyMD the first telehealth platform to offer both clinicians in all 50 states as well as licensing and credentialing services for those health care providers, according to the company.


“We can so much more efficiently handle broadly the demand in telehealth when our clinicians are licensed in a lot of states,” SteadyMD co-founder and Chief Operating Officer Yarone Goren told dot.LA. “That was really the rationale for the deal.”

Financial terms of the transaction were not disclosed. Both companies will continue to operate under their existing names.

Founded in 2016 by Goren and CEO Guy Friedman, SteadyMD says it has raised $35 million to date, including a $25 million Series B round led by Lux Capital last year. The startup has looked to tackle an ongoing primary care physician shortage by making it easier for patients to access out-of-state doctors whose expertise is matched to their health and lifestyle. The company has since grown to expand its business-to-business (B2B) offerings, allowing it to provide other telehealth ventures with infrastructure and streamlining the licensing process for customers like Lemonaid Health, the San Francisco-based telehealth startup acquired by 23andMe in November.

Telehealth—once a niche product dedicated mostly to online therapy—has expanded to nearly every facet of health since the pandemic. But as most clinicians are required to be licensed and follow guidelines in the state where a patient sought treatment, platforms like Florida-based BlocHealth allow physicians, nurses and therapists to apply for licenses across different states—letting them access patients across state lines, including in areas that may have a clinician shortage.

“In a sense, we're creating capacity by bringing clinicians online and then by getting them licensed in more states,” Goren said. “I think we're creating a lot of efficiencies. The primary care shortage is not overstated, but it usually relates to in-person visits.”

With more health care providers and patients embracing telehealth, investment has poured into the rapidly growing sector—not only on the point-of-care side, but on the B2B side, as well. Tech giants like Google have ramped up their health care cloud offerings to make telehealth platforms more secure, while startups that help clinicians transition to the telehealth model have lured millions in investment dollars.

https://twitter.com/KeerthiVedantam
keerthi@dot.la

Subscribe to our newsletter to catch every headline.

Cadence

10 Viral TikTok Tech Gadgets To Buy This Holiday Season

Decerry Donato

Decerry Donato is a reporter at dot.LA. Prior to that, she was an editorial fellow at the company. Decerry received her bachelor's degree in literary journalism from the University of California, Irvine. She continues to write stories to inform the community about issues or events that take place in the L.A. area. On the weekends, she can be found hiking in the Angeles National forest or sifting through racks at your local thrift store.

10 Viral TikTok Tech Gadgets To Buy This Holiday Season

Part of TikTok’s evolution over the years includes becoming another outlet for consumers to purchase popular gadgets. The app generated $821 million in global consumer spending across the App Store and Google Play in the first quarter of 2022 alone.

And since the holiday season is among us, it’s time to get some gifts checked off your list. So here’s 10 tech gadgets that went viral on TikTok that you can buy for your loved ones.

Read moreShow less

LA Tech ‘Moves’: Disney Taps Bob Iger for CEO, Former Meta Exec Joins DeSo

Decerry Donato

Decerry Donato is a reporter at dot.LA. Prior to that, she was an editorial fellow at the company. Decerry received her bachelor's degree in literary journalism from the University of California, Irvine. She continues to write stories to inform the community about issues or events that take place in the L.A. area. On the weekends, she can be found hiking in the Angeles National forest or sifting through racks at your local thrift store.

LA Tech ‘Moves’: Disney Taps Bob Iger for CEO, Former Meta Exec Joins DeSo
LA Tech ‘Moves’:

“Moves,” our roundup of job changes in L.A. tech, is presented by Interchange.LA, dot.LA's recruiting and career platform connecting Southern California's most exciting companies with top tech talent. Create a free Interchange.LA profile here—and if you're looking for ways to supercharge your recruiting efforts, find out more about Interchange.LA's white-glove recruiting service by emailing Sharmineh O’Farrill Lewis (sharmineh@dot.la). Please send job changes and personnel moves to moves@dot.la.

Read moreShow less

This Week in ‘Raises’: Swell Energy Lands $120M, Modyfi Draws in $8M

Decerry Donato

Decerry Donato is a reporter at dot.LA. Prior to that, she was an editorial fellow at the company. Decerry received her bachelor's degree in literary journalism from the University of California, Irvine. She continues to write stories to inform the community about issues or events that take place in the L.A. area. On the weekends, she can be found hiking in the Angeles National forest or sifting through racks at your local thrift store.

This Week in ‘Raises’: Swell Energy Lands $120M, Modyfi Draws in $8M
This Week in ‘Raises’:

As funding in Los Angeles continues to slow down, Swell Energy still managed to raise fresh funding to accelerate the company's mission to deploy 26,000 energy storage systems in homes and businesses across the United States.

Read moreShow less
RELATEDEDITOR'S PICKS
LA TECH JOBS
interchangeLA
Trending