The US healthcare system’s capability disaster has reached a breaking level in neurology, the place 145 million People with continual neurological situations face common wait occasions of 4-6 months to see a specialist, if they will discover one in any respect. This scarcity isn’t simply an inconvenience; it’s forcing tens of millions to cycle by means of emergency departments, endure preventable struggling, and watch treatable situations worsen whereas they wait. Neura Well being tackles this disaster head-on with a complete digital neurology platform that delivers appointments inside seven days, combining board-certified specialists with AI-powered workflows and steady care coordination. The corporate has already served over 43,000 sufferers nationwide, reaching a 73% discount in ER visits and a 66% enhance in sufferers’ world impression of enchancment – outcomes that caught the eye of the American Coronary heart Affiliation’s Go Pink for Girls Enterprise Fund, which made Neura its first-ever funding. With their latest enlargement into reminiscence care addressing the crucial scarcity of cognitive neurologists (only one per million dementia sufferers), Neura is constructing the infrastructure layer that well being methods must handle neurological care at scale.
AlleyWatch sat down with Neura Well being CEO and Founder Elizabeth Burstein to study extra in regards to the enterprise, its future plans, latest $11.4M Sequence A spherical that brings complete funding to $21.7M, and far, way more…
Who had been your traders and the way a lot did you elevate?
We raised a $11.4M Sequence A led by the American Coronary heart Affiliation’s Go Pink for Girls Enterprise Fund, marking the fund’s first-ever funding. Extra members embody Norwest Enterprise Companions, Koch Disruptive Applied sciences, Esplanade Ventures, Pear VC, Correlation Ventures, and E12 Ventures.
Inform us in regards to the services or products that Neura Well being provides.
Neura is addressing an pressing unmet want for sub-specialty, patient-focused neurological assist. 145 million People dwell with a neurological situation, but the typical wait time for an appointment with a neurologist is no less than 4–6 months resulting from a nationwide supplier scarcity (American Academy of Neurology). Neura is closing the entry hole with a first-of-its-kind, complete platform that mixes digital visits with high neurologists and neurological sub-specialists, alongside AI-powered workflows, an intuitive app with built-in symptom monitoring, streamlined care navigation, and personalised training and training.
What impressed the beginning of Neura Well being?
Previous to founding Neura, I led product growth at LinkedIn, Maven Clinic, and Zocdoc, all of which uncovered me to the promise of expertise to do proper by sufferers. In March 2020, I turned affected person myself – I developed a sophisticated nerve entrapment concern. Regardless of having had 7 radiology exams, 3 rounds of bodily remedy, and 10 nerve blocks and epidural steroid injections, I’ve not discovered any efficient reduction. The expertise has uncovered me to the fragmented system, challenges with specialist entry, and lack of integration with well being trackers. After diligently documenting my ache patterns on a Google sheet, I couldn’t discover a specialist to frequently have interaction with me on this knowledge to enhance remedy. I noticed how badly issues wanted to vary for sufferers and for the system at massive.
How is Neura Well being totally different?
Not like level options targeted on only one situation or that provide text-only care, Neura’s care mannequin delivers accessible, complete neurological care constructed for each high-quality outcomes and high-touch assist, whatever the situation. Neura is the one tech-enabled care mannequin to assist the complete spectrum of neurology situations, together with eight main situation classes: headache and migraine, epilepsy, continual ache, concussion, stroke restoration, dementia, and undiagnosed neurological signs.
What market does Neura Well being goal and the way massive is it?
Neura is targeted on sub-specialty, patient-focused neurological assist. Over 145 million People endure from continual neurological situations, and in accordance with the American Academy of Neurology, there are solely roughly 21,000 neurologists throughout america. This exhibits us there’s a large alternative to assist these struggling entry assist, wherever they’re.
What’s your enterprise mannequin?
Neura has solid partnerships with greater than 40 well being plans, together with Aetna, Blue Defend of California, Cigna, Sana, Anthem Blue Cross, TriWest, and Medicare, permitting us to combine seamlessly into the medical system and supply in-network remedy to sufferers. For others, we provide efficiency ensures or extra value-based care agreements.
We’ve additionally partnered with main well being methods like Sentara Well being to increase their bandwidth and deal with the widest array of neurological situations, and have referral partnerships with life sciences leaders corresponding to Theranica and Otolith Labs. These are primarily payment for service agreements.
How are you making ready for a possible financial slowdown?
We’re taking needed precautions for our enterprise, together with minimizing pointless prices and maximizing our income. That stated, we imagine that, as a result of we provide such a vital piece of healthcare, well being plans will proceed to acknowledge and spend money on our providing.
What was the funding course of like?
We had been actually energized and excited by the strategic synergies between Neura and the American Coronary heart Affiliation’s Go Pink for Girls Enterprise Fund. The Go Pink for Girls Enterprise Fund is targeted on situations that have an effect on girls distinctively, in a different way, or disproportionately, so Neura’s concentrate on many of those situations (migraine, stroke restoration, dementia, continual ache) ties in effectively.
What are the most important challenges that you just confronted whereas elevating capital?
One of many largest challenges in elevating capital has been serving to traders actually perceive our go-to-market. It’s not a easy, single-channel mannequin — now we have a multi-pronged strategy that touches sufferers, suppliers, and payers. That’s intentional, as a result of healthcare doesn’t transfer by means of one clear distribution path. Nevertheless it additionally means our story takes a little bit extra time to elucidate.
A number of traders are likely to bucket corporations into acquainted patterns — pure B2B, or D2C, or payer-focused — and we don’t match neatly into any a type of. The problem was displaying how the totally different elements of our mannequin reinforce one another, and why that complexity really creates sturdiness and scale over time. As soon as we discovered traders who actually obtained that, the conversations clicked — they might see the larger image we had been constructing towards.
One of many largest challenges in elevating capital has been serving to traders actually perceive our go-to-market. It’s not a easy, single-channel mannequin — now we have a multi-pronged strategy that touches sufferers, suppliers, and payers. That’s intentional, as a result of healthcare doesn’t transfer by means of one clear distribution path. Nevertheless it additionally means our story takes a little bit extra time to elucidate.
A number of traders are likely to bucket corporations into acquainted patterns — pure B2B, or D2C, or payer-focused — and we don’t match neatly into any a type of. The problem was displaying how the totally different elements of our mannequin reinforce one another, and why that complexity really creates sturdiness and scale over time. As soon as we discovered traders who actually obtained that, the conversations clicked — they might see the larger image we had been constructing towards.
What components about your enterprise led your traders to jot down the test?
Our traders had been drawn to a couple key components that make our enterprise uniquely positioned to steer in neurological care supply. First, we’ve developed proprietary expertise that permits scalable bandwidth extension for clinicians — permitting well being methods to develop entry to high-quality neurological care with out including workers. This expertise isn’t only a workflow device; it’s a deeply built-in platform that helps prognosis, monitoring, and administration throughout the complete spectrum of neurological situations.
Second, we’re the one answer available in the market designed to function a real bandwidth extender for a whole neurology division, not only for one or two area of interest situations. That breadth is crucial for big well being methods, the place neurological sufferers current with all kinds of issues — and the place operational effectivity and medical consistency are important.
Finally, traders noticed that we’re constructing not only a product, however the infrastructure layer that well being methods will rely on to handle neurological care at scale.
What are the milestones you intend to attain within the subsequent six months?
For the subsequent six months, we’re targeted on forging partnerships with further well being plans, well being methods, and clinics throughout the nation and reaching extra sufferers. We’ll additionally proceed to spend money on our medical mannequin and group.
Moreover, we’re constructing the inspiration for long-term medical breakthroughs. Neura is aggregating one of many largest real-world proof datasets in neurology, centralizing outcomes, signs, and remedy knowledge which have lengthy been siloed throughout the healthcare system. This 12 months, we’ll proceed to construct this dataset, pushing towards our long-term objective of discovering life-changing medical options by studying from the expertise of each neurology affected person.
What recommendation are you able to supply corporations in New York that shouldn’t have a recent injection of capital within the financial institution?
If your organization doesn’t presently have a brand new injection of capital within the financial institution, the most effective plan of action is to sluggish your burn and concentrate on scaling profitably. This implies rigorously evaluating spending, extending your runway, and prioritizing actions that generate sustainable income somewhat than speedy, inefficient progress.
In parallel, conduct first ideas consumer analysis — return to the basics of your buyer wants and validate whether or not your enterprise or product is actually distinctive among the many competitors. Deeply understanding your customers and differentiating your providing will place you to develop extra effectively and entice capital below stronger phrases later.
What’s your favourite fall vacation spot in and across the metropolis?
Rockefeller State Park for its magnificence and stroller-friendly paths!
You’re seconds away from signing up for the most popular record in NYC Tech!
Enroll at this time