Fay is a dietitian startup that offers an online platform that helps patients connect with registered dietitians who deliver personalized nutrition and lifestyle to their patients. The startup has recently raised a funding amount of $25 million from General Catalyst and Forerunner ventures. Founders of grow therapy, Maven clinic, and 19884 also participated in the round. Here, we are talking about Fay, A Dietitian Startup, Secured $25 Million From General Catalyst And Forerunner Ventures.
Samy Faycurry heard from his mom and sister about how poorly Americans eat and their struggle with nutritional counseling. He saw how almost half of the adults in America are affected by chronic conditions like unhealthy diets. To resolve this issue, he developed a platform that connects Registered Dietitians with insurance providers and patients. Later on, Mark Stefanski joined him as CTO. Fay offers RDs with a franchise model used by various healthcare providers, and it has gained popularity in this sector. This model provides dietitians and therapists with the tools for running practices, filing claims with insurance, getting connected with patients, and receiving payments.
The founder of this startup, Faycurry, mentioned that insurance companies love this platform because their patients get healthier, and dietitians love it as they make 5 times more money as independent workers than in a hospital. The reason behind this platform was to address the challenges faced by nutritional counselors and improve the overall health of Americans affected by diet-related conditions. The startup currently offers 1k+ RDs on its platform, offering services for the price of a regular payment to people under insurance providers, including UnitedHealthcare, Aetna CVS, Blue Cross, Cigna, and more.
The investor of Fay and a partner at Forerunner Ventures, Nicole Johnson, mentioned that they were impressed by how quickly this startup raised revenues while using very little capital. This highlights the confidence of investors in this dietitian startup and its potential. According to Johnson, The startup plans to expand the market, and Fay is planning to provide food for patients.
Fay offers a platform with an in-network registered dietitian who bills an individual’s insurance on their behalf so that the users won’t have to worry about it. Fay offers completely customized care to its users with little to no money. This startup is helping people eat better and live better by connecting them with dietitians covered by their health insurance.
CONCLUSION
Fay is a dietitian startup that offers an online platform that helps patients connect with registered dietitians who deliver personalized nutrition and lifestyle to their patients. The startup has recently raised a funding amount of $25 million from General Catalyst and Forerunner ventures. Founders of grow therapy, Maven clinic, and 19884 also participated in the round.
The startup offers RDs with a franchise model used by various healthcare providers, and it has gained popularity in this sector. This model provides dietitians and therapists with the tools for running practices, filing claims with insurance, getting connected with patients, and receiving payments. Fay offers a platform with an in-network registered dietitian and bills insurance for an individual on their behalf so that the users won’t
have to worry about it. Fay offers completely customized care to its users with little to no money. This startup is helping people eat better and live better by connecting them with dietitians covered by their health insurance.
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