Amino Health, a leading digital healthcare guidance company, has secured $80 million in financing, consisting of both equity and debt. Transformation Capital and Oxford Finance LLC led the funding round. This substantial investment highlights Amino Health’s successful model and will enable the company to expand its technology and maintain its impressive growth trajectory, particularly in the face of declining digital health investment.
Over the past decade, Amino Health has focused on developing a digital navigation experience that intuitively guides its members towards high-quality and cost-effective care based on their specific health plans and benefits. As the health technology market has experienced significant growth with the introduction of new solutions, Amino Health has steadily expanded its reach, serving 1.6 million members. The company boasts an impressive 97% customer retention rate and a net promoter score of 80+. Amino Health’s platform connects members to high-value providers and facilities at a rate three times higher than the baseline population, resulting in cost savings, improved member satisfaction, and better health outcomes.
While Amino Health initially provided a direct-to-consumer product, it now operates through an enterprise subscription model. This approach allows the company to offer its configurable and industry-leading consumer solution to the members of participating health plans, third-party administrators, benefits administrators, and concierge care vendors.
David Vivero, CEO and co-founder of Amino Health, emphasized the company’s commitment to patient needs and empowering individuals with the information required to make informed healthcare decisions. He expressed that the investment and financing validate the value of putting people first in healthcare. The funding will support Amino Health’s continued growth, product innovation, and deep integrations with enterprise partners to reach a larger patient population.
Amino Health’s user-friendly technology platform recognizes the complexity of the healthcare industry and aims to simplify navigation for plan members and the companies that provide health benefits. With market expansion, new regulatory requirements, and an abundance of available data, such as the published negotiated rates mandated by the federal Transparency in Coverage (TIC) Rule, navigation technology has become a critical tool. In response to recent regulations, Amino Health enhanced its platform by integrating new pricing data to surpass TIC Rule requirements. This integration allows the platform to guide members to the highest quality and most cost-effective providers within their networks.
Mike Dixon, managing partner at Transformation Capital, commended Amino Health for its experienced leadership team, technology designed for substantial scale, and partner-driven go-to-market solution. He highlighted the company’s unique position in the market, providing advanced data insights and personalized care recommendations to consumers. Transformation Capital joins previous investors in Amino Health, including North Woodmere Capital, Commerce Ventures, Red Swan Ventures, and WTI. As part of the financing, Mike Dixon will join Amino Health’s Board of Directors.
The significant financing obtained by Amino Health not only underscores the company’s achievements but also positions it for further success. With its innovative approach to healthcare guidance and its ability to adapt to industry changes, Amino Health is poised to make a lasting impact in the digital health sector.
