Medicare finally pays for prescription digital therapeutics, and the test begins
Dr. Dereck Mush, MD, MBA
Pelago
Operates a virtual clinic specialized in treating substance use disorders, including tobacco and alcohol.
What they do
The company offers an employer sponsored digital platform designed to address substance use. By combining cognitive behavioral therapy, personalized coaching, medical support, and remote monitoring tools, the program helps members manage or overcome addiction, resulting in lower healthcare costs and improved employee productivity.
The record
- Vertical
- Digital Health
- Sub-segment
- Substance use management
- Product type
- Service
- Stage
- Series C+
- Headquarters
- New York, USA
- Region
- North America
- Founded
- 2017
- Total funding
- $151M raised
Notable investors: Atomico, Kinnevik, Octopus Ventures, Eight Roads Ventures.
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