MyPhysicianPlan, a healthcare technology company based in New Jersey, announced the closing of its Seed Round. The round was backed by private investors along with a matching investment from the New Jersey Economic Development Authority through the Angel Match Program.
The company stated that the new funding will accelerate its mission to expand access to affordable, high-quality healthcare for individuals and organizations across the United States, including small business employees, gig workers, and international visitors.
MyPhysicianPlan currently provides subscription-based healthcare plans designed to offer accessible primary care, diagnostics, and prescription services. The company operates a digital platform that enables instant member enrollment and immediate payments to providers. According to the company, more than 700 primary care practices across over 30 states are already part of its network. Plans begin at $75 per month and are available for individuals, businesses, and travelers.
The company noted that the newly secured capital will support several growth priorities. First, MyPhysicianPlan will enhance its technology infrastructure and broaden its provider network. Second, the company will integrate with payroll and benefits platforms, facilitating easier adoption by employers. Third, it plans to expand offerings for businesses and travel health programs. Ultimately, it aims to invest in marketing and partnerships to expand its customer base.
MyPhysicianPlan said that demand continues to grow as consumers and employers seek more predictable and transparent healthcare solutions. The company aims to expand nationwide, building on its early footprint and increasing provider participation.
KEY QUOTES:
“This round validates our mission to remove barriers and make quality care affordable for all. NJEDA’s support enables us to scale our technology and partnerships faster than ever.”
Ramdev Regulapati, Co-Founder and CEO
“Our vision is to simplify healthcare with automation and transparency. This investment allows us to expand nationwide, building on our success in New Jersey.”
Gaurav Gupta, Co-Founder and CTO
