Daily

NEA invests $3M in health IT startup connecting Chinese MDs, patients with US specialists

Fresh from unveiling a $3.1B fund, New Enterprise Associates is the sole investor in a $3 million Series A round by MORE Health. The health IT startup wants to connect Chinese doctors and their patients with U.S. specialists across areas such as oncology, neurology, cardiology and pediatrics. As part of its investment, Xiaodong Jiang, managing […]

Fresh from unveiling a $3.1B fund, New Enterprise Associates is the sole investor in a $3 million Series A round by MORE Health. The health IT startup wants to connect Chinese doctors and their patients with U.S. specialists across areas such as oncology, neurology, cardiology and pediatrics.

As part of its investment, Xiaodong Jiang, managing director for NEA China, will take a seat on the company’s board of directors. NEA has been in the China market for 12 years and has invested about $400 million in 20 companies there.

In a phone interview with MORE Health CEO Hope Lewis, she said she liked that NEA thinks of it as a health IT company and not just a medical tourism service. The centerpiece of the Silicon Valley-based business is a multilingual electronic medical record intended to make medical tourism more efficient.

sponsored content

A Deep-dive Into Specialty Pharma

A specialty drug is a class of prescription medications used to treat complex, chronic or rare medical conditions. Although this classification was originally intended to define the treatment of rare, also termed “orphan” diseases, affecting fewer than 200,000 people in the US, more recently, specialty drugs have emerged as the cornerstone of treatment for chronic and complex diseases such as cancer, autoimmune conditions, diabetes, hepatitis C, and HIV/AIDS.

Its multi-lingual co-diagnosis system includes information such as an assessment of the patient’s condition, treatment plan, doctor notes, data from physical exams, lab result documents and images. It also provides an area for doctors to be added to the team treating the patient and another section shows the discussion thread between physicians. Users can choose to view the record in English or Chinese.

It’s also working with hospitals in the U.S. and China.

Lewis co-founded the company in 2013 with Bo Hu, the CTO. The niche medical tourism business for Chinese patients will be an interesting test of the demand for a service providing a way for people with the means to get away from their overburdened medical system to pay for care in the U.S.

Photo: Flickr user Peasap