Pyx Well being Gets Strategic Investment from Rallyday Associates | Company

TUCSON, Ariz., April 30, 2021 /PRNewswire/ — Pyx Health, a tech-enabled products and services business supplying well being programs and their customers an innovative, scalable answer that properly addresses the nation’s vital loneliness epidemic, announced nowadays that it has obtained a strategic financial commitment from Rallyday Associates, a Denver-based private fairness financial investment organization. The funding will permit Pyx Health to enhance and scale its services offerings, even further enable people today afflicted by social isolation in conjunction with loneliness, recruit supplemental talent and accelerate technological know-how growth.

“Loneliness influences a lot more than 60% of our populace, impacting all ages, genders and socioeconomic statuses,” claimed Pyx Overall health founder and CEO, Cindy Jordan. “This considerable financial investment from Rallyday Associates allows us to even further identify, interact and assist people suffering from social isolation in conjunction with loneliness.”

Pyx Well being has far more than doubled its consumer foundation and achieved 2,000% expansion considering the fact that 2019. The platform’s on the web bot engineering makes use of ongoing, proof-based mostly feedback and pathways to supply psychological support to these struggling from social isolation in conjunction with loneliness and supports human intervention that is tailored to individuals’ personalized demands. These interventions could include things like delivering assistance to handle social determinants of wellness these kinds of as access to satisfactory food items, housing, transportation, and prescription treatment.

The firm’s expert services have been established to decrease healthcare utilization costs and give substantial engagement with its consumers. At this time Pyx Well being is contracted to operate with 4 of the best five national health and fitness ideas, along with regional and company-sponsored plans, and is promptly increasing its choices into the employer current market. Use of Pyx Health’s proactive and private approach to combating loneliness has resulted in an 11% reduction for every member for every thirty day period shelling out for emergency division and in-individual treatment, producing strides in reducing overuse of the healthcare program.

“Long-term loneliness is not merely a feeling, it is a condition that quite generally predicates anxiety and despair and is documented as truly staying more perilous to mortality than obesity or alcohol abuse,” claimed Jordan. “The significantly-reaching effects that this affliction has on our nation is important and our mission is to support anybody and absolutely everyone that is struggling from it. We are determined to transform how social isolation in conjunction with continual loneliness is seen and dealt with all through the health care marketplace.”

The Rallyday Associates expense in Pyx Health and fitness extends further than economic backing. The organization will give expert mentorship and session expert services from accomplished industry business owners who have decades of practical experience and understanding.

“Rallyday Associates was crafted by our founders for founders. Our mission is to offer capital to influenced firms and build potent peer interactions that enable improved results for all stakeholders,” said Nancy Phillips, co-founder and handling spouse with Rallyday. “The vision of Pyx Well being matches properly with our mission. The organization embodies our objective of growing human opportunity, boosting good quality of existence and catalyzing innovation to remedy systemic issues.”

In conjunction with the money financial commitment, digital health and field veteran Scott Johnson will develop into an advisor to the Pyx Health board of directors. He provides far more than 20 a long time of practical experience building, major and scaling healthcare firms to important concentrations of income advancement and profitability. Johnson most just lately served as president and COO of CirrusMD.

“I look ahead to helping Pyx Wellness further boost the wellbeing and top quality of daily life for so many, although reducing the financial and social costs of chronic loneliness,” said Johnson.

About Pyx Overall health

Pyx Health and fitness gives the first loneliness and social isolation technology targeted on aiding the most vulnerable populations. Combining a digital platform with a Compassionate Aid Centre and well timed human interventions, Pyx Wellbeing delivers employers, health strategies, and their members an modern, scalable option that properly addresses the nation’s significant loneliness epidemic. Pyx Wellbeing is strengthening life and reducing inpatient expenditures for health care methods by 46%. Started by Cindy Jordan, Pyx Overall health is based mostly in Tucson, Arizona. Additional details is out there at https://www.pyxhealth.com.

About Rallyday Partners Rallyday Companions, headquartered in Denver, Colorado, is a private equity organization investing advancement capital in founder-led corporations in the health care, education and learning and IT providers industries. Rallyday Partners invests in reduce middle market place growth firms with persuasive secular tendencies, disruptive, scalable business types and audacious management. For far more information about Rallyday, you should take a look at https://www.rallydaypartners.com/.

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