With first-generation customers from Fortune 500 companies, leading health plans, and third-party administrators, Lyn moves quickly towards a Q1 2022 launch.
SEATTLE, December 06, 2021--(BUSINESS WIRE)--Lyn Health, a pioneering healthcare start-up focused on people with multiple chronic conditions, comes out of stealth today with funding from Summer VC.
Currently, more than 34 million Americans meet the clinical definition of polychronic, growing to an estimated 83 million Americans by 2030. The misalignment between all stakeholders of the healthcare ecosystem—employers, health plans, providers, pharmaceutical companies—causes a unique burden on this vulnerable population, ultimately raising costs, decreasing quality, and diminishing the member experience. Lyn is poised to solve this problem.
"We are failing those who need us most," said Rick Abbott, Co-founder and CEO of Lyn. "My family and I have personally experienced the adversity and anxiety far too often associated with managing multiple chronic conditions. When I was presented with the opportunity to tackle this problem—which I believe is the single largest one in healthcare—I felt a moral obligation to start Lyn. Each and every one of us has someone in our life who would benefit from greater love, empathy and compassion, and our mission at Lyn is to restore hope for our families, friends and loved ones."
Lyn’s Care Circle—a multi-disciplinary team of physicians, clinicians and social workers—takes an individualized approach for each member. It combines virtual primary care, advocacy and navigation, medication management, behavioral health support, and social services access via a single point-of-contact available 24/7/365. Lyn’s frictionless model collaborates with the ecosystem of employers, health plans and providers to augment their current programs, organizing them in a manner that is member-centric, coherent and value-driven.
"A few years ago, I developed a chronic condition and went to the ER multiple times simply because I had no one to go to. What Lyn is building is incredibly valuable for many of us. I am proud to be an investor in the company and I’m excited to see its early traction," said Yinne Yu, managing partner at Summer VC.
ABOUT LYN HEALTH
Lyn is human-centric healthcare created for people with multiple chronic conditions, delivering clinical, advocacy and care coordination services via a single point of contact, 24/7. Leveraging virtual capabilities and in-person resources, Lyn improves quality of care and lowers cost for the polychronic population. The unique business model collaborates with employers, health plans and providers to augment the current healthcare system, not replace it. Lyn is customized, holistic care designed with love, empathy and compassion.
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