NEW PROVIDENCE, N.J., March 21, 2019 /PRNewswire/ -- HENRY The Dentist (HENRY) announced the closing of a $10 million Series A financing, led by Forerunner Ventures, to expand its fleet of mobile dental practices to companies in New Jersey, Pennsylvania, Georgia, New York and additional states across the US. The funding will be used to accelerate growth of new vehicles to meet the demand from companies and patients for HENRY's services. Kirsten Green joins the Board of Directors of HENRY. Existing investors Brand Foundry and Trail Mix Ventures also participated in the financing. The group of investors shares the management teams' view that healthcare delivery is shifting towards a more patient-centric model of care.
HENRY currently services over 70 of the most respected global companies - including ADP, Merck, Vonage, Audible, and CNBC - who are all committed to employee wellness and improved access to healthcare, solving a massive problem for businesses and patients. Research has shown that 36% of Americans have not gone to the dentist in over a year, leading to later-stage healthcare costs and complications. Every $1 spent on preventative healthcare saves $8 to $50 in later-stage care. The primary reasons cited for not using benefits is the inconvenience of finding and going to an in-network dentist as well as the fear that many patients feel about annual checkups.
"At HENRY the Dentist, we're building a brand that is improving the health of employees, by providing greater access to patients' health benefits and significantly improving the patient experience," said Justin Joffe, Founder and CEO of HENRY. "Our corporate clients range across all industries, but most importantly they share a common understanding of the positive effects of taking care of their employees has on their organization."
Collectively, over 60,000 employees work at the offices HENRY visits with their mobile dental practices, seeing 15-30% of employees utilizing the onsite services. By bringing an in-network dentist to employers, HENRY saves an average of 1,080 hours of employee time per year.
"HENRY is reimagining how going to the dentist should be, by elevating the brand experience at every touchpoint before, during, and after their service," said Alexandria Ketcheson, Co-Founder and Chief Brand Officer at HENRY.
HENRY's providers are in-network with all major insurance carriers - including Delta Dental, Cigna, Aetna, MetLife, United, Guardian, and Horizon BCBS - and there is no cost to companies to bring HENRY onsite.
ABOUT HENRY THE DENTIST:
HENRY The Dentist (HENRY) brings a state-of-the-art mobile dental practice to corporate offices, providing employees with convenient in-network dental care with an elevated patient experience. HENRY's practices are equipped with the latest technology and patient amenities, including digital imaging, BOSE noise-cancelling headphones, and HBO & Netflix while sitting in massage-featured dental chairs. HENRY has redefined the dental experience with a patient-centric approach that saves time and improves healthcare outcomes. HENRY is currently available in New Jersey, with expansion in 2019 to Pennsylvania, Georgia, New York and additional states across the US. To learn more about HENRY visit www.HENRYthedentist.com.
SOURCE HENRY The Dentist