Zest Health Secures Funding to Improve Dermatology Care and Savings
Zest Health Secures $13 Million to Enhance Dermatology Services
Zest Health, a pioneering virtual care company specializing in treating patients with inflammatory skin diseases, has successfully secured $13 million in seed funding. This funding marks a significant milestone for Zest Health as it aims to transform the dermatology care landscape through its innovative, value-based approach.
Innovative Solutions to Common Dermatology Challenges
With approximately 40 million Americans diagnosed with eczema and psoriasis, many face prolonged wait times—often exceeding a month—for dermatological consultations. During these inevitable delays, patients frequently experience rushed consultations as dermatologists increasingly rely on cash-pay models that prioritize aesthetic concerns over comprehensive care. In such scenarios, systemic medications are commonly prescribed to hasten visible results, leading to an unintended overdependence on medication.
The Rising Costs of Dermatological Care
This over-reliance on medications has driven an alarming rise in associated spending on dermatological treatments. Reports indicate that the use of biologics—critical therapies for skin conditions—is rising at an annual rate of 15%, culminating in over $40 billion in annual expenditures in the U.S. alone. Zest Health seeks to address these financial burdens by offering a model that prioritizes personalized, preventative care to effectively manage skin issues.
Personalized Care Approach
Zest Health takes a proactive stance toward patient care. By leveraging patient data, Zest customizes prescription regimens, recommends essential over-the-counter solutions, and incorporates lifestyle modifications that lead to meaningful, long-lasting results. Their objective is to provide patients with a high-touch experience that minimizes unnecessary pharmacy expenditures. Remarkably, patients enrolled in Zest Health's programs may save thousands of dollars annually on pharmacy costs while achieving comparable or better health outcomes.
Proven Success and Patient Satisfaction
The impact of Zest's innovative model is profound. Data reveals that over 80% of patients experience significant improvements in their skin conditions, as reflected in metrics such as Body Surface Area (BSA) and the Dermatology Life Quality Index (DLQI). Furthermore, more than 90% of patients reported a preference for Zest's care over previous dermatology encounters, a clear indication of their satisfaction. This success is also evidenced by Zest’s impressive Net Promoter Score (NPS) of 83, demonstrating strong patient advocacy.
A Personal Perspective on Care
Olivia Deitcher, the CEO of Zest Health, openly shares her experience as a psoriasis patient, understanding the frustrations of the current healthcare system. "The status quo fails to deliver ongoing support and lasting relief," Olivia remarks. With Zest Health, she emphasizes a transformative shift in care delivery—offering radical access and bespoke support that empowers patients during flare-ups and beyond, emphasizing the significance of thoughtful, individualized care over simple biologic prescriptions.
Strategic Partnerships and Future Growth
Zest Health's recent funding comes from Roivant Health, which possesses a rich legacy of innovations in inflammatory disease treatments and transformative health solutions. This financial support is set to enhance Zest's existing collaborations with health plans and employers dedicated to tackling the rising costs associated with skin diseases.
Commitment to Quality and Cost Efficiency
According to Alex Gasner, EVP of Roivant Health, many healthcare dilemmas revolve around a challenging balance between quality and cost. However, Zest Health's approach stands as a notable exception, offering a way to enhance care quality while simultaneously driving down unnecessary expenses. Roivant is eager to be part of Zest's journey as they utilize cutting-edge technology to elevate dermatological care into a new era of efficiency and effectiveness.
About Zest Health
Zest Health is dedicated to providing effective, accessible solutions for patients enduring chronic skin issues such as psoriasis and eczema. The company empowers patients through its virtual platform, achieving better health outcomes at reduced costs. Currently, Zest collaborates with health plans and corporate entities in value-based arrangements aimed at enhancing the quality of life for its patients.
Contact Zest Health For More Information
For further inquiries about Zest Health's innovative services, feel free to reach out via email: press@zesthealth.com.
Frequently Asked Questions
What is Zest Health's approach to dermatological care?
Zest Health employs a personalized and virtual model that integrates patient data to deliver tailored treatment plans, reducing unnecessary pharmaceutical spending.
How does Zest Health achieve cost savings for patients?
By offering targeted interventions and minimizing the reliance on high-cost medications, Zest reduces pharmacy expenses significantly for its patients.
What are the patient satisfaction rates at Zest Health?
Over 90% of Zest Health patients reported preferring their services compared to previous dermatology experiences, showcasing high levels of satisfaction.
Who funded Zest Health's recent initiative?
Roivant Health, known for its expertise in inflammatory diseases, provided the $13 million seed funding aimed at scaling Zest's operations.
Why is personalized care important in dermatology?
Personalized care addresses the unique needs of patients, ensuring they receive comprehensive support tailored to their conditions, improving both health outcomes and patient experience.
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