Evaluating only Pager Health’s profile at its peak — without knowing the outcome — the model ranked Unit economics as the #1 likely cause. That’s exactly how it died.
Key Events Timeline
FOUNDING
Pager Health founded
DOWN ROUND
Down round or bridge financing
SHUTDOWN
Silent Shutdown: Pager Health ceases operations
Full Analysis
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Documented cause
Pager launched as an on-demand house-call platform for doctor visits in New York City, raising $45M to bring healthcare to smartphones. After multiple pivots — from on-demand to telehealth coordination to health navigation for insurers — the company could never achieve the per-member-per-month economics that health insurers demanded. Pager shut down operations in 2023 after exhausting its runway despite reaching health plan partnerships.