98point6 Secures $86M To Rival Amazon In Healthcare

98Point6 has now officially revealed the nationwide availability of its on-demand primary care platform.

The company revealed that the service, which delivers the personalized consultation, treatment and diagnosis of patients across the country is available to anyone 18 years and older, no matter if they have the health insurance or not. Users can download the 98Point6 app and subscribe to a Personal fair Plan for an introductory rate of $20 per year, which covers all the primary visits for this year. After the first year of service, the subscription will go up to $120 per year.

While the people have been keen on participating Amazon launching a healthcare service via the Amazon Prime, the e-commerce giant has yet to make the exact move. But the former head of the Amazon Prime, Rob Schweitzer, has been leading and heading the product at 98Point6.

“Healthcare is really hard,” Schweitzer told CNBC. “But I do believe that people shouldn’t have to make decisions about whether they should go see a doctor when they need one, or go buy groceries for their family.”

Schweitzer and CEO Robbie cape, a Microsoft veteran who created the Cozi, have even teamed up on 98Point6, which uses machine learning and automation to help the doctors optimize and complete tasks that don’t require any of the direct interaction with the patient.

The company has also revealed that about more than 50 self-insured employers have signed up for the service as of now and that it now has 160000 members. It is now licensed to practice medicine in all the 50 states plus Washington DC.

Apart from that, 98Point6 recently secured $50 Million from the Goldman Sachs merchant banking division, with the rest from the individual investors including the BlackRock CEO Larry Fink, Costo Founder Jim Sinegal former Goldman Sacs CFO David Viniar and Frazier Healthcare Partners Managing Partners Nader Naini. The company as of now has secured $86 Million in total.

“There are younger generations of people who don’t want to spend their time going to the doctor but are so comfortable using technology,” said Viniar. “And there are people in this country who live far from the doctor’s office, or can’t afford it.”