K Health
K Health is a privately owned, clinical artificial intelligence company. It provides virtual primary care through health systems and insurers, and via its mobile app.
History
K Health was founded in 2016 in New York City by Allon Bloch, Ran Shaul, Israel Roth and Adam Singolda. Bloch was previously co-CEO of Wix.com, where he's still on the board of directors, and CEO of Vroom.K Health was launched in 2018 as a free medical app for personalized health information. In 2021, K Health acquired text-based therapy company Trusst.
Finances
K Health has raised $380 million in funding and the company was valued at $900 million as of July 2024. K Health investors include Claure Group, Valor Equity Partners, Mangrove Capital Partners, Notable Capital, 14W, Comcast Ventures, Lerer Hippeau, Primary Venture Partners, and PICO Capital Partners. Cedars-Sinai and Elevance Health are strategic investors, and Gal Gadot and her husband Yaron Varsano have also invested. In 2022, the company earned $52 million in revenue, though it is not profitable.Primary care app
K Health's main service is its primary care app. The app includes a chatbot called "K," which asks a series of questions to identify a diagnosis. It uses data from Maccabi Healthcare Services, a health maintenance organization (HMO) in Israel, and Mayo Clinic. The app itself doesn't provide medical advice but connects users with doctors. Its AI offers a list of potential diagnoses, which the doctors can review while chatting with the user online. In 2021, virtual providers became available in 48 states.A 2022 study found that K Health performed moderately compared to other symptom assessment apps. It provided suggestions for 74.5% of clinical vignettes. Its top-3 diagnoses had an accuracy of 36%, which was significantly lower than general practitioners. In terms of urgency advice, K Health provided safe recommendations in 81.3% of cases. This was below the performance of general practitioners, who achieved 97% accuracy.
Partnerships
In 2019, K Health partnered with Elevance Health for the Elevance mobile app, Sydney Health. Anthem also invested in K Health. In 2021, K Health, Elevance Health, and Blackstone Growth began a joint venture called Hydrogen Health to offer K Health through private employers and insurers.In 2020, K Health announced that it began working with Mayo Clinic Platform. In 2022, K Health launched its predictive hypertension treatment model that uses Mayo Clinic data to help doctors personalize treatment. In 2024, K Health entered into a know-how agreement with Mayo Clinic to develop a preventive cardiac solution. Cedars-Sinai launched its virtual care app in 2023, Cedars-Sinai Connect, which was built using K Health's AI.