PeerWell
Founded Year
2015Stage
Acquired | AcquiredTotal Raised
$8.6MAbout PeerWell
PeerWell helps patients with musculoskeletal conditions prepare for surgery or avoid it altogether. It is an extension of the healthcare team that works to lower patient risk, control costs, and improve return-to-work times and collects data that helps workers' compensation insurers, payers, third-party administrators, and providers achieve better outcomes, make informed decisions, and reduce the cost of care. The company was founded in 2015 and is based in San Francisco, California. On June 14th, 2022, PeerWell was acquired by Barvadon Health Innovations.
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PeerWell's Product Videos
PeerWell's Products & Differentiators
Digital Recovery App
Our digital recovery app offers tailored content to help people manage chronic pain or recovery from an injury or surgery.
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Expert Collections containing PeerWell
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
PeerWell is included in 4 Expert Collections, including Insurtech.
Insurtech
4,268 items
Companies and startups that use of technology to improve core and ancillary insurance operations. Companies in this collection are creating new product architectures, improving underwriting models, accelerating claims and creating a better customer experience
Artificial Intelligence
10,958 items
Companies developing artificial intelligence solutions, including cross-industry applications, industry-specific products, and AI infrastructure solutions.
Digital Health
10,585 items
The digital health collection includes vendors developing software, platforms, sensor & robotic hardware, health data infrastructure, and tech-enabled services in healthcare. The list excludes pureplay pharma/biopharma, sequencing instruments, gene editing, and assistive tech.
Telehealth
2,856 items
Companies developing, offering, or using electronic and telecommunication technologies to facilitate the delivery of health & wellness services from a distance. *Columns updated as regularly as possible; priority given to companies with the most and/or most recent funding.
PeerWell Patents
PeerWell has filed 4 patents.
The 3 most popular patent topics include:
- classification algorithms
- machine learning
- anesthesia
Application Date | Grant Date | Title | Related Topics | Status |
|---|---|---|---|---|
8/6/2021 | 7/25/2023 | Machine learning, Classification algorithms, Wireless sensor network, Digital photography, Embedded systems | Grant |
Application Date | 8/6/2021 |
|---|---|
Grant Date | 7/25/2023 |
Title | |
Related Topics | Machine learning, Classification algorithms, Wireless sensor network, Digital photography, Embedded systems |
Status | Grant |
Latest PeerWell News
Dec 14, 2022
Exit Content Preview Looking to build the One Medical for specialty care, Los Angeles-based Commons Clinic has raised $11 million in seed funding, CEO Nick Aubin confirmed to Axios. Why it matters: Commons' potential value-add is helping people avoid costly hospital or emergency room visits associated with specialty conditions such as musculoskeletal (MSK) issues, which is the company's current focus area. Deal details: Vast Ventures led the round and Oxeon Partners participated. Commons plans to raise a Series A in the first quarter of next year, Aubin says. Context: During the pandemic, venture investors poured capital into a handful of virtual MSK companies, but several players are now looking to create a hybrid physical therapy experience. For example: In-personal physical therapy clinic operator Bardavon in June acquired virtual-first MSK startup PeerWell for 8 figures, the parties told Axios exclusively. Virtual MSK provider Sword in November 2021 clinched $189 million in Series D capital steered by Sapphire Ventures at a valuation of $1.8 billion. Hinge Health, another digital MSK company, in October 2021 soared to a $6.2 billion valuation after raising $600 million in Series E funding led by Coatue and Tiger Global. How it works: Commons has been quietly building a physician group by acquiring small local practices. It then partners with independent local in-person facilities and sets up what Aubin calls a "Clear-style airport experience" to guide patients through care while integrating virtual forms of physical therapy. "To compete with the UCLAs and the Sutters of the world, you have to own the full stack," Aubin says. The other side: The challenge for Commons is showing it can compete with the powerful incumbents by carving out its own niche and persuading enough people to pay for its services. "Nobody out there has really put this all together yet," Benjamin Schwartz, an orthopedic surgeon and investor in Commons, tells Axios. Commons is currently working with several employers including Home Depot and Target. One fun thing: Aubin wrote the company's first pitch deck on his phone in April 2021 after watching hospitals throughout the Los Angeles area pause elective surgeries as their rooms filled with COVID-19 patients. "That was an aha! moment for me, realizing elective surgeries are key to maintaining that hospital-industrial complex," Aubin says. "Patients don't want to go to hospitals for this care anymore." What's next: Aubin hopes to see Commons as a well-established ambulatory health system in five to eight major markets within the next decade. Beyond MSK, other areas he's considering for potential expansion include cardiology, urology, gastroenterology and surgical gynecology. "I’m in the business of taking cost out of less efficient systems," Aubin tells Axios. "If you’re not hurting hospital systems, you’re not swinging big enough." Axios on facebook
PeerWell Frequently Asked Questions (FAQ)
When was PeerWell founded?
PeerWell was founded in 2015.
Where is PeerWell's headquarters?
PeerWell's headquarters is located at 330 Townsend Street, San Francisco.
What is PeerWell's latest funding round?
PeerWell's latest funding round is Acquired.
How much did PeerWell raise?
PeerWell raised a total of $8.6M.
Who are the investors of PeerWell?
Investors of PeerWell include Bardavon Health Innovations, Arian Foster, XSeed Capital, Charlene Frizzera, Travis May and 18 more.
Who are PeerWell's competitors?
Competitors of PeerWell include Omada Health and 4 more.
What products does PeerWell offer?
PeerWell's products include Digital Recovery App.
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Compare PeerWell to Competitors
Omada Health operates as a digital behavioral medicine company. The company helps to protect patients from chronic conditions like heart disease and type two diabetes. It offers behavioral counseling by using insights about social networking, gaming, and behavioral sciences. It primarily serves sectors such as employers, health plans, benefit consultants, and health systems & providers. Omada Health serves the It was founded in 2011 and is based in San Francisco, California.
CareSpace is a technology company focused on the healthcare sector, specifically in the domain of virtual physical therapy. The company offers a platform that provides virtual therapy tools, enabling patients to engage in rehabilitation and performance improvement programs remotely. The platform also integrates third-party applications and offers personalized care pathways, while ensuring data security and privacy. CareSpace was formerly known as RISEcx. It was founded in 2012 and is based in Wilsonville, Oregon.
TheraNow is a company focused on virtual physical therapy and musculoskeletal (MSK) care in the healthcare sector. The company offers an all-in-one solution for delivering virtual physical therapy care, and artificial intelligence-enabled virtual MSK care. TheraNow primarily serves medical practices, healthcare systems, employers, and health plans. It was founded in 2017 and is based in Tyler, Texas.
Re.flex is a company that focuses on digital health, specifically in the domain of musculoskeletal physical therapy. The company offers a digital solution for physical therapy, utilizing patented sensor technology to provide real-time feedback and guidance for patients undergoing rehabilitation for conditions such as knee pain and osteoarthritis. The primary sectors the company serves include the healthcare industry and the physical rehabilitation sector. It was founded in 2015 and is based in Romania.
Exer is a health technology company that specializes in motion health data. The company offers mobile applications that allow patients to perform motion assessments at home, generating precise, objective data. These applications also enable health professionals to run in-person motion assessments, providing them with data that can help identify problems early. Exer's primary customers are in the healthcare sector, including doctors, surgeons, physical therapists, clinics, and assisted living facilities. It was founded in 2019 and is based in Denver, Colorado.
WizeCare provides patients access to better care, acting as the touchstone of rehabilitative medicine. It enables healthcare providers to deliver intelligent and accessible physical therapy services. The company offers clinicians access to authentic diagnostics and predictive analytics tools, generating care pathways for patients, bringing a standard of care, and revolutionizing the rehabilitation practice for all stakeholders. It was formerly known as video therapy. The company was founded in 2012 and is based in Hartford, Connecticut.
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