98point6 is ditching its telehealth business to sell software. Here's the presentation it used to raise $30.7 million to fuel its pivot.
Burrell said 98point6 leaned into what set the company apart when choosing to bet big on licensing the technology it built. That way, it'd have the resources to continue growing.
"You'd have to have an enormous balance sheet to do both exceptionally well," he said."The companies that have that kind of balance sheet, like Salesforce or Microsoft or Amazon, are not in healthcare." 98point6 provided Insider with the presentation it used to get $30.7 million from previous backers to propel its new vision. The company removed private financial details from the deck before sharing it.98point6 has transitioned from providing telehealth to licensing its care delivery software to health systems.As of April, 98point6 has signed on four companies and health systems to license its tech, including Transcarent and Washington-based health system MultiCare.
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