First Stop Health Secures New Financing

First Stop Health, a flourishing leader in the telemedicine industry, announced today that it has secured $650,000 in additional financing, through a convertible note.

First Stop Health has now raised a total of $7.85 million in equity.

This financing reflects additional investments in privately held First Stop Health by existing shareholders, and was led by co-founders, Patrick Spain, the Chief Executive Officer, and Dr. Mark Friedman, the Chief Medical Officer.

“This investment provides the capital for First Stop Health to achieve continued 3-digit percentage growth in top line revenues,” Spain said. “This rapid growth reflects our focus on providing the industry’s highest utilization, with associated cost savings, to our largely self-insured client base of mid-market enterprises,” he added.

The First Stop Health telemedicine service is purchased by employers for employees and their dependent family members.

“The mission of First Stop Health is to provide easy access to convenient, high quality healthcare at an affordable price,” said Dr. Friedman. “Rather than ration care, as so many believe is the future of medicine, First Stop Health provides unlimited access to care at no cost to the employees and the dependent family members of our clients,” he added.

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