Hinge Health announced $400 million Series E financing to expand its digital musculoskeletal (MSK) clinic. Tiger Global and Coatue Management led the round, with Alkeon and Whale Rock acquiring ownership as part of a $200 million secondary investment. In 2021, Hinge Health more than doubled its customer base year over year to over 575 enterprise customers. Over $1 billion has been invested in Hinge Health. Hinge Health reduces MSK pain, surgeries, and opioid use by pairing advanced wearable sensors and computer vision technology with a comprehensive clinical care team of physical therapists, physicians, and board-certified health coaches.
The company is building a patient-centered Digital Musculoskeletal (MSK) Clinic™. Its Digital MSK Clinic is now used by four in five employers and 90% of health plans with a digital MSK solution. The company plans to use the new capital to continue investing in new ways to improve access and outcomes, create exceptional consumer experiences, and avoid unnecessary surgeries.
Employers and health plans partner with Hinge Health to provide members access to a comprehensive clinical care team and an advanced technology portfolio:
- Computer vision and motion sensors for exercise therapy and motion assessments.
- Hinge Health Enso, a groundbreaking wearable technology for noninvasive and nonaddictive pain relief.
- HingeConnect for bridging the gap between in-person and digital MSK care and enabling near-real-time interventions by integrating health data with 750,000+ in-person clinical professionals.
This was reported by Hinge Health on October 28, 2021.