Omada Health, a San Francisco, CA-based digital care platform, received an investment from Intermountain Ventures, the strategic investment arm of Intermountain Healthcare.
The amount of the deal was not disclosed.
The investment expands the relationship between the two organizations that began five years ago. In 2016, Intermountain Healthcare and Omada launched an innovative partnership in conjunction with the American Medical Association to deliver digital diabetes prevention services via physician referral. In addition to producing clinical outcomes for enrolled individuals across Utah, the collaboration has provided a roadmap for large healthcare organizations adopting proven digital health solutions.
The Omada Program became a covered benefit for Intermountain employees and their adult dependents in 2019.
Led by co-founder and CEO Sean Duffy, Omada Omada is a digital care program that allows people to achieve their health goals through sustainable lifestyle change. Working primarily through health plans, employers, and integrated health systems, the company delivers personalized interventions for individuals at risk for, or dealing with, type 2 diabetes and hypertension, as well as anxiety and depression.
Combining data-powered human coaching, connected devices, a proprietary technology platform, and curriculum tailored to an individual’s specific conditions and circumstances, Omada has enrolled more than 275,000 participants to date.
Omada partners include Cigna, Kaiser Permanente, Blue Cross Blue Shield Minnesota, and other leading health plans.
Earlier this year, the company announced a $73 million round of investment led by Wellington Management, bringing the company’s total investment to more than $200 million.