- Wheel, a digital health company building the infrastructure required for virtual care to realize its full potential, announced it raised $13.9 million
Wheel (previously known as Enzyme Health) — a digital health company building the infrastructure required for virtual care to realize its full potential — announced it is raising $13.9 million in Series A funding. This round of funding was led by CRV with participation from Tusk Venture Partners and Silverton Partners.
And Wheel provides healthcare companies with the tech-enabled platform required to scale virtual care offerings compliantly and access to a flexible workforce of specialized virtual care clinicians thus creating a new way of working and of delivering virtual patient care.
“We created Wheel to change the way healthcare works – because, ultimately, happier clinicians make healthier patients,” said Michelle Davey, CEO and co-founder at Wheel. “With a clinician-shortage crisis looming, virtual care can make a tremendous impact on patient access and care delivery. At Wheel, we believe that by building the infrastructure that powers healthcare’s digital revolution and championing clinicians on the front lines of patient care, we will create the momentum needed to move the industry forward,” she added.
For clinicians who are passionate about providing quality patient care and want more freedom and balance in their careers, Wheel creates a simpler connection for more virtual opportunities with meticulously vetted companies as well as specialized training in Webside Manner.
“Making virtual care services safe and accessible is crucial to public health, and that requires protecting not only patients, but the practicing clinicians who make healthcare possible,” added Rafid Fadul, MD, Chief Medical Officer at Wheel. “We’re creating a new workforce configuration that improves outcomes for everyone: clinicians, companies and patients.”
Wheel was founded by Davey and co-founder and Griffin Mulcahey (Chief Compliance & Strategy Officer) in 2018 with the goal of addressing a significant unmet need in the emerging digital health sector by providing a marketplace for companies to find qualified clinicians.
And after working with companies across the industry, a deeper need for innovation became clear — which is to build the infrastructure required for a new way of working and delivering patient care thus making clinicians more efficient and empowered through education and training and ensuring the right clinician could be matched with the right patient on-demand.
“The telehealth market is shifting rapidly from simply replicating doctor-patient visits over the phone and web to a broader spectrum of virtual care. While virtual care offerings are booming, it’s often difficult for these companies to recruit, train and manage their clinician network,” explained Kristin Baker Spohn, Venture Partner at CRV. “We invested in Wheel, because they provide companies with a flexible and reliable workforce of clinicians, and the tech-enabled platform to empower these clinicians to practice quality care at scale.”