HealthJoy has closed $3 million in funding led by GoHealth and a group of industry angel investors. The company plans to use the funds to accelerate development of its healthcare decision platform and continue expansion into consumer, broker and employer channels.
HealthJoy has developed JOY, a human-supported machine intelligence system that guides members across a wide range of healthcare decisions through personalized engagement. Since launching in 2014, the company has protected over $100 million in out-of-pocket expenses for more than 22,000 users.
“The next chapter involves fully scaling JOY, our machine intelligence, to reach millions of users regardless of insurance coverage mix,” Justin Holland, CEO of HealthJoy, said in a statement. “Healthcare is complex, individualized and localized. Our technologies will accelerate usage of lower-cost digital health services while delivering incredible outcomes to users of all backgrounds worldwide.”
An average family of four can save $10,000 a year using HealthJoy services, including online doctor consultations; healthcare Concierges; dental, vision and prescription savings plans; personalized prescription cost optimization; and medical bill review and negotiations.