Sept 16 (Reuters) - Amazon ( AMZN ) has teamed up with
Fay to provide personalized, insurance-covered dietitian
services through the e-commerce giant's digital health platform,
the nutrition care startup said on Tuesday.
WHY IT'S IMPORTANT
The move makes Fay the first nutrition care provider on
Amazon's ( AMZN ) Health Benefits Connector, which helps enrolled
customers match with digital health companies for health
conditions such as diabetes and musculoskeletal issues, as well
as mental health support.
Fay uses artificial intelligence to match users with
registered dietitians based on their goals and health history.
The startup did not disclose financial terms of the
partnership.
CONTEXT
Amazon ( AMZN ) has been expanding into the healthcare industry for
years, starting with the acquisition of PillPack for $750
million in 2018 and the launch of Amazon Pharmacy in 2020.
The company said it built its Health Benefits Connector, as
nearly one in four U.S. adults remain unaware of the benefits
available to them, even when provided by their employer or
insurers.
Fay recently raised $50 million in a Series B round led by
Goldman Sachs valuing it at $500 million, and operates a network
of over 3,600 dietitians across all 50 U.S. states.
KEY QUOTES
"Nutrition is the single most underutilized lever in
preventing chronic disease - and we believe it should be as easy
to access as ordering from Amazon ( AMZN )," Sammy Faycurry, CEO of Fay,
said.