Akos MD

What Akos MD does

Akos MD is a private telehealth and virtual care company founded in 2016, headquartered in Scottsdale, Arizona, and operating through legal entities Instaamed, LLC and Akos MD LLC. The company delivers an integrated virtual care platform targeting self-funded employer groups, providers, and value-based care entities, with services spanning virtual primary care (marketed as the 'Company Doctor'), workers' compensation, on-site and near-site clinics, telemedicine, chronic care management, remote patient monitoring (RPM), and physical urgent care at locations in Glendale and Avondale, Arizona. The underlying technology stack is built around an AI-assisted clinical workflow that captures chief complaints, generates differential diagnosis questions, uses augmented reality to guide patient self-collection of vitals, and delivers a structured work-up to providers. The platform is HIPAA-compliant, supports FHIR-based EHR integration, ingests streaming vital data from Bluetooth and cellular RPM devices with automated out-of-range alerting, and includes the AKos v4 CareConnect patient portal.

Akos MD operates a hybrid revenue model anchored on per-employee-per-month (PEPM) subscriptions paid by employer groups for virtual primary care access, supplemented by value-based care arrangements (including a CMS Direct Contracting Entity role serving approximately 31,000 Medicare lives through affiliated Apricus Health), chronic care management fees, RPM services, and transactional revenue from physical urgent care visits. Distribution combines direct enterprise sales led by Growth Officers, a high-leverage channel partnership with The Alliance (covering 300 self-funded employers and 110,000 lives across the Midwest), benefits broker referral relationships, and a self-serve patient portal. The company has pursued inorganic growth via the November 2021 acquisition of a majority stake in pharmacy platform mChemist and has invested in physical infrastructure through the co-developed Akos Medical Campus in Avondale in partnership with Apricus Health. Founded by Kishlay Anand (CEO) and Swaraj Singh (Chief Innovation Officer), Akos MD operates with 11–50 employees and has disclosed $1M in seed funding from March 2017, with no subsequent funding rounds publicly recorded.

Name

Akos MD

Legal name

Instaamed, LLC

Website

https://akosmd.com

Company type

Private

Founded year

2016

Operating status

Operating

Headcount range

11–50 employees

Ownership category

akta.pro rank

Product category

Virtual Primary Care / Telehealth Services

NAICS

Offices of Physicians (except Mental Health Specialists) (621111)

SIC

Services-Offices & Clinics Of Doctors Of Medicine (8011)

akta.pro primary industry

Primary Care & General Medicine Virtual Care (Employer-Sponsored) (HLALADAA)

akta.pro secondary industry

Pharmacy-Integrated Virtual Care & ePrescribing (Employer Benefit) (HLALADAH)

Keywords

• Virtual primary care
• Telehealth services
• Remote patient monitoring
• Chronic care management
• Workers compensation care

Headquarters

HQ city

Phoenix

HQ country

United States

HQ region

North America

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Value-Based Primary Care (PEPM): Per Employee Per Month (PEPM) subscription model where employers pay a recurring fee for virtual primary care access for their workforce. Tiered pricing structure allows flexibility for different employer sizes and benefit levels.
2. Value-Based Care Contracts: Revenue from value-based care arrangements with CMS, Medicare Direct Contracting, and accountable care organizations. Revenue is aligned with patient outcomes rather than fee-for-service.
3. Urgent Care Services: In-person urgent care services at physical locations in Glendale and Avondale, Arizona, providing walk-in care with on-site testing, X-rays, and immunizations.
4. Chronic Care Management: Provider-led care management program for eligible patients with chronic conditions, generating additional revenue for providers while improving patient outcomes.

Pricing tiers

Go-to-market motion3 records

Distribution channels5 records

Marketing channels6 records

Core offering

Akos MD provides 24/7/365 virtual primary care (the "Company Doctor") to employees of self-funded employers, delivered through the AKOS CareConnect platform and supported by AI-assisted clinical workflows, AR-guided vital collection, and remote patient monitoring. The offering is bundled with workers' compensation care, chronic care management, onsite/near-site clinic deployment, telemedicine consults, and value-based ACO enablement for healthcare providers and Medicare Direct Contracting populations.

Product overview

Akos MD operates as a virtual-first healthcare platform offering an integrated ecosystem of clinical services. The core platform consists of Virtual Primary Care (marketed as the 'Company Doctor') complemented by specialized modules including Workers' Compensation, Telemedicine, Remote Patient Monitoring, Chronic Care Management, and Urgent Care. The AKos v4 CareConnect patient portal and care management platform connects all services through a unified interface enabling RPM data tracking, care coordination, telehealth visits, and population health analytics. The company also operates physical onsite/near-site clinics and urgent care locations in Arizona. Value-based care arrangements are supported through ACO and provider network enablement services. AI capabilities power predictive diagnostics, clinical workflow automation, and anomaly detection for chronic disease management.

Differentiator

Problem solved

Functional benefit

Products and services

• Virtual Primary Care (Company Doctor) 24/7/365 virtual access to dedicated primary care providers offering unlimited virtual visits, prescription services, chronic care management, care navigation, and preventive health programs for employees of self-funded employer health plans.
• Workers' Compensation Program Virtual workers' compensation healthcare delivery reducing medical costs and avoiding unnecessary ER visits through immediate 24/7 access to board-certified occupational medicine providers via smartphone or tablet.
• Onsite and Near-Site Clinics Physical clinic locations offering AI-assisted patient intake, on-site lab tests and diagnostics, and treatment for common workplace injuries and illnesses with integrated virtual provider consultations.
• Telemedicine / Virtual Consults Virtual face-to-face consultations with board-certified providers for diagnosing and treating a wide range of health concerns from acute conditions to behavioral health, including telepsychiatry.
• Remote Patient Monitoring (RPM) Population health monitoring solution enabling healthcare professionals to track patient vitals including blood glucose, blood pressure, pulse, weight, and SpO2 through Bluetooth-enabled devices with real-time alerts and trend analytics.
• Chronic Care Management (CCM) Provider-led care management program for eligible patients with chronic conditions, featuring dedicated care navigators, health goal setting, and coordination to reduce ER visits and improve health outcomes.
• Primary Providers Network Network of board-certified medical professionals providing virtual care services with flexible scheduling, allowing physicians to treat patients on their schedule with no overhead or billing requirements.
• Akos Advisor Value-based primary care platform for benefits advisors featuring integrated virtual care ecosystem, optional onsite medical kiosk, and connected care management system for client enrollment and population health monitoring.
• Urgent Care In-person urgent care services at Arizona locations (Glendale and Avondale) providing 24/7 walk-in treatment, X-rays, lab tests, pre-employment physicals, and immunizations with online check-in capability.
• Value-Based Care / ACO Services Accountable Care Organization enablement services including population health management, 175k annual patient visits, 21 affiliated medical practices, $440m gross revenue management, and 31k Medicare lives served through transparent incentive models and integrated care delivery.

Quantifiable outcome

• 20-30% healthcare cost savings through Virtual Direct Primary Care model
• +7 more outcomes

Named customers5 records

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

AI capability7 records

Feature5 records

Partnerships

Four partnerships are on record, tiered core and minor.

• The AlliancecoreStrategic or Co-development Partner · 17 October 2022Strategic partnership announced October 2022 to deliver Virtual Direct Primary Care to The Alliance's 110,000 covered lives across 300 self-funded employer members. AkosMD provides the complete 'Company Doctor' solution including designated physicians, care navigators, and nurses for comprehensive care coordination. The partnership enables immediate access to Virtual DPC for all Alliance employers with savings of 12-15% or more reported.
• mChemistminorStrategic or Co-development Partner · 25 November 2021AkosMD acquired a majority stake in mChemist as part of strategy to reduce healthcare costs through pharmacy integration and medication management capabilities.
• Apricus HealthcoreStrategic or Co-development Partner · 3 June 2021Co-development partnership for the Akos Medical Campus in Avondale, Arizona. Apricus Health operates the 24x7 urgent care center and provides specialty services including Peak Heart & Vascular, Apricus Imaging Center, and Apricus Surgery Center. The eight-acre campus represents a significant co-investment in physical healthcare infrastructure supporting AkosMD's virtual care model.
• CMS (Medicare/Direct Contracting)coreOthers · 29 April 2021Federal Medicare contract through the Direct Contracting Entity (DCE) program. AkosMD, through Apricus Health, was selected as a Direct Contracting Entity by CMS, enabling value-based care arrangements for Medicare beneficiaries. Serves approximately 31,000 Medicare Direct Contracting lives.

Scale indicators7 records

Recent moves7 records

Expansion highlights5 records

Broad incumbents

• One Medical (Amazon): Membership-based primary care platform with virtual and in-person services, now part of Amazon. Employer-sponsored partnerships and direct-to-consumer membership mirror AkosMD's hybrid virtual + onsite/near-site model.
• Teladoc Health: Largest publicly traded virtual care platform offering employer-sponsored primary care, mental health, and specialty services. Directly comparable to AkosMD's virtual primary care and chronic care offerings for self-funded employers, with substantially greater scale.
• Amwell: Public telehealth infrastructure and virtual care platform serving health systems, insurers, and employers. Comparable to AkosMD on virtual primary care delivery but with a broader enterprise focus and significantly larger scale.

Direct peers

• Marathon Health: Employer-sponsored onsite, near-site, and virtual primary care network. Directly comparable to AkosMD's onsite/near-site clinic plus virtual primary care offering for self-funded employers.
• Included Health: Employer-sponsored integrated virtual primary care, behavioral health, and care navigation platform. Combines Doctor On Demand and Grand Rounds; offers an integrated benefit similar to AkosMD's "Company Doctor" plus specialty navigation, making it a head-to-head competitor for self-funded employer RFPs.
• Crossover Health: Employer-sponsored primary care provider combining onsite/near-site clinics with virtual care. Direct competitor to AkosMD for self-funded employer RFPs emphasizing integrated in-person and virtual access.

Emerging players

• HealthJoy: Employee benefits navigation and virtual care platform sold to self-funded employers. Comparable to AkosMD on the virtual primary care benefit layer and broker distribution motion, though with a stronger navigation focus.
• K Health: AI-driven virtual primary care platform serving consumers, employers, and health plans. Comparable to AkosMD on AI-enabled virtual primary care, particularly for price-sensitive employer populations.
• 98point6: Text-based virtual primary care platform sold primarily through employer and health plan channels. Comparable to AkosMD on employer-sponsored virtual primary care PEPM economics, with similar AI-assisted clinician workflow ambitions.
• Eden Health: Employer-sponsored virtual and in-person primary care, mental health, and care navigation provider. Comparable to AkosMD's integrated employee benefit model but smaller in scale and concentrated in fewer employer accounts.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds1 record

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Akos MD