Oshi Health raises $30M in funding from Koch, CVS

Virtual gastrointestinal care company Oshi Health has raised $30 million in series B funding led by Koch Disruptive Technologies and existing investors Bessemer Venture Partners, Flare Capital Partners, Frist Cressey Ventures, CVS Health Ventures and Takeda Digital Ventures, according to an April 11 press release sent to Becker's. 

The company will use the funding to bolster its market leadership and momentum as it works with payers to reimburse Oshi as a covered benefit. Oshi recently secured a partnership with CVS Health insurer Aetna. 

Oshi is currently available to over 20 million people as an in-network virtual GI clinic for national and regional insurers.

Oshi has a staff of GI specialists, including board-certified gastroenterologists, registered dietitians, GI-specialized mental health clinicians and nurse practitioners who work to diagnose, prescribe, treat and coordinate care. 

Oshi currently has a patient satisfaction rating of 98 percent and a medical cost savings of $10,292 per patient over the last six months, according to the release. 

Funding will be used to accelerate Oshi's growth, scaling its clinical team nationwide and creating relationships with health plans, employers, channel partners and provider groups. 

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