The company is still deciding whether it's going to be cardiovascular disease or diabetes; this service may not be entirely an in-house production of Teladoc.
However, only 7% use a disease management tool, while 50 percent use a fitness/activity tracker device or app.
Retrofit's 52-week virtual offering encourages healthy behaviors and lasting weight-loss results for individuals at risk for type 2 diabetes.
The company's solution is in use by over 500 hospitals and payers to efficiently manage, monitor and engage patient populations of all sizes and risk levels.
The company has developed an end-to-end chronic care management (CCM) and patient engagement solutions, which now serve more than 100 practices.
Said platform administers and streamlines referrals, manages reimbursement and payment, and aggregates data and reporting to drive consumer engagement.
Overall, the company's sites have more than 300,000 members from 8 countries; MyHealthTeams has raised a total of $10.14 million to date.
The capital will help the company expand to meet demand for its platform, strengthening its position in the emerging patient-centered care coordination market.
The product delivers an evidence based individualized care plan for each condition, and assists providers with customizing patient care plans.
By visualizing the habits of individuals and providing continuous support, the company believes that it can help promote healthy habits and reduce costs.