NEW YORK — Oshi Health, a virtual company focused on gastrointestinal (GI) healthcare, has raised $60 million in Series C funding led by Oak HC/FT with participation from existing investors Bessemer Venture Partners, Flare Capital Partners, Frist Cressey Ventures, CVS Health Ventures, and Takeda Digital Ventures.
Oshi Health is now available in all 50 states to more than 40 million people as an in-network virtual GI clinic and has a growing roster of in-person GI practice partners across the country. The company’s whole-person care model is helping patients reach lasting symptom control faster and at a lower total cost of care. Oshi has partnered with innovative benefit leaders from employers such as Dayforce, Koch Inc., Mariner, the Nielsen Company, and TE Connectivity to drive awareness and impact within their populations, with dozens more employer programs launching by year-end.
This new capital will help extend the company’s market leadership and momentum, by adding partnerships with more provider groups, growing payer coverage, servicing new employer partners, and expanding into Medicare populations beginning in 2025.
“Digestive health is an urgent and under-resourced category, and Oshi stands out for its unique ability to provide proven clinical care that delivers faster relief for patients and significant savings for employers and health plans,” said Nancy Brown, General Partner at Oak HC/FT. “We are thrilled to support a team that is transforming value-based models within the virtual health space.”
“Digestive health issues are a crippling reality for millions of Americans and a financial burden for their employers and health plans,” said Sam Holliday, Oshi CEO. “We have proven the transformative ability of our model to fill the gaps in care and create value for everyone involved, and we are excited to have the support of healthcare’s leading investors as we scale to free millions of people from their suffering.”
Gastrointestinal care is a widespread need: 2 out of 3 Americans experience digestive symptoms every week and 25% of people live with a diagnosed GI condition, driving $136 billion in annual costs. In traditional GI care, patients lack support between visits and are left on their own to decipher complicated symptoms and coordinate their own care. For many, symptom control remains elusive, and unmanaged digestive symptoms are the #1 cause of emergency department treat-and-release visits. Escalating costs have made it a top four cost driver for employers and payers alike.
“Digestive health issues are a growing cost in our health plan and there is a shortage of high-quality, convenient digestive care in the marketplace,” said Matthew Hall, Benefits Strategy Manager at Koch, which relies on Oshi to provide virtual digestive care to its employees. “Oshi’s unique virtual model supports our employees and their families with the time and expertise needed to deliver truly transformative digestive care on their own terms. I’m excited about the partnership between Koch and Oshi and the potential to make a meaningful difference in the lives of our employees.”
