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Tuesday, May 21, 2024

Alfie Well being Raises $2.1M for AI-powered Weight Loss Platform


As extra weight problems care applications acquire consideration as a result of rise in reputation of weight reduction drugs like GLP-1s, one firm is leveraging AI to help sufferers.

New York Metropolis-based Alfie Well being, based in 2022, is a digital weight problems administration clinic that makes use of AI to make suggestions to assist sufferers shed some pounds. These suggestions may embody drugs in addition to way of life modifications like diet and train. It then combines these suggestions with digital visits with Alfie’s suppliers, together with nurse practitioners and medical medical doctors. Now, the startup is trying to scale its enterprise after elevating $2.1 million in seed funding that was introduced final week.

“We use a proprietary AI scientific choice help device that permits us to grasp what underlying points [patients have] that’s inflicting them to realize weight, after which advocate a mix of precision medication and behavioral change that’s distinctive to every affected person to assist them sustainably shed some pounds,” mentioned Alexander Singh, CEO and co-founder of Alfie Well being, in an interview.

The seed funding was led by Y Combinator and Nina Capital. It included participation from Goodwater Capital, Phoenix Funding Membership and a number of other angel buyers.

With the financing, the corporate goals to scale its gross sales and partnerships. It at present works with a cardiology group and a big self-funded employer shopper to offer weight reduction companies to sufferers and workers, Singh mentioned. He declined to call the cardiology group and employer shopper.

Alfie Well being additionally contracts with payers in choose states—together with Maryland, Virginia, New York, New Jersey, California, Texas, Florida and the District of Columbia— in a fee-for-service mannequin. It goals to transition to a value-based care mannequin sooner or later. Sufferers who resolve to pay out of pocket are charged $120 a month.

To be eligible for this system, sufferers must be over the age of 18 and have a physique mass index of 30 or larger, or have a physique mass index of 27 and better together with comorbidities (like sleep apnea and hypertension). To begin, Alfie Well being’s platform gathers sufferers’ medical information with their permission. The corporate additionally has the affected person conduct metabolic lab testing and bloodwork at Labcorp and Quest Diagnostic areas to find out the protection of various drugs. The platform’s AI algorithm makes use of this info to offer a remedy plan that’s tailor-made to the affected person and reviewed by the corporate’s medical group.

Sufferers then have month-to-month digital conferences with a scientific supplier to go over their remedy, in addition to bi-weekly conferences with a well being coach to debate way of life modifications.

Whereas GLP-1s like Ozempic and Wegovy (which assist decrease blood sugar to help weight reduction) are generally provided as a part of remedy, that’s not all the time the case as these medication don’t assist everybody. Singh mentioned it is very important personalize remedy to the affected person.

“Having a program that’s actually centered on not simply the precision of which drugs may match the most effective, but additionally the precision of which behavioral way of life modifications (train, weight loss program, sleep, and so forth.) will work the most effective … is absolutely necessary,” Singh declared. “In the long run, it’s these behavioral modifications together with the drugs which might be delivering sustainable outcomes.”

The funding spherical comes as a collection of corporations are launching applications for sufferers scuffling with weight problems. LifeMD, a direct-to-consumer firm, not too long ago began a weight administration program that gives entry to GLP-1s when thought-about acceptable, in addition to ongoing scientific help and training. Discovered, a weight care firm, additionally not too long ago launched an employer-specific weight problems care program that gives medicine prescriptions, help from suppliers, teaching and an app for meal and exercise monitoring.

Photograph: puhimec, Getty Photographs

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