Though medical debt climbed high over the past decade, it appears that Medicaid expansion can help. States that expanded Medicaid saw average debt drop by 44% as opposed to a 10% reduction in non-expansion states.
About 5.8 million Americans miss or delay their healthcare because they don’t have a ride. It’s time to turn patient transportation from an organizational burden to an asset.
Everside Health Group, a Denver-based direct primary care startup, filed to go public. The company was formed out of a merger between three primary care groups, and primarily works with self-insured employers.
Included Health, a benefits navigation startup for LGBTQ+ employees, recently landed two big clients, Walmart and State Farm. CEO Colin Quinn explained the company’s journey so far and why more benefits leaders are paying attention to LGBTQ+ employees’ health needs.
A randomized, controlled trial of a workplace wellness program found that it made no significant difference in employees’ health outcomes or cost over three years. But employees did have better self-reported health behaviors, about on par with those who participated in the program for a shorter period of time.
Digital health funding broke records again as companies raised a total of $14.7 billion in the first half of the year. Several companies also went public, but those that have gone public since 2020 have recently underperformed the NASDAQ.
Senior-focused primary care provider Cano Health acquired Doctor’s Medical Center for $300 million, which adds around 54,000 new members and 18 medical centers to its roster. This is the second major acquisition for Cano Health in less than a month. The company bought University Health Care for $600 million in mid-June.
A mass email sent to hundreds of One Medical users exposed their email addresses. One Medical has stated it was not the result of a security breach.
In late March 2020, ambulatory visit volumes fell by more than 50% compared to pre-pandemic levels in California, according to a report by the state’s largest nonprofit health information network. Declines in visits were greater among children and adolescents than adults, which is “concerning,” the CEO of the HIN said.
Brightline focuses on providing virtual behavioral health solutions for kids. The startup plans to put the new funds to use by launching a coaching platform for families and to expand its services to more companies and health plans.
Greenlight Guru, a startup building quality management software for medical device companies, raised $120 million in funding from growth investment firm JMI Equity.
Cano Health, which provides primary care services for seniors, bought Miami-based University Health Care for $600 million. University Health Care serves approximately 24,000 Medicare Advantage members, which will bring Cano Health’s membership to around 143,000.
Employee benefits firm Aon is bundling together three digital health solutions as part of a broader musculoskeletal care offering. It’s partnering with Hinge Health, 98point6 and Employer Direct Healthcare.
Lyra plans to build out its mental health benefits for multinational companies through its existing partnership with ICAS. The company recently passed a $4.6 billion valuation.
Glen Tullman’s newest healthcare navigation startup, Transcarent, raised another $58 million in funding. The company plans to use the funds to quickly build out its offering for employers.
Monogram Health, a Tennessee-based startup that offers in-home care services for patients with chronic kidney disease raised $160 million in funding. The startup plans to use the funds to fuel its expansion across the U.S.
The at-home testing startup plans to launch a broader virtual care offering after raising $150 million in funding. It plans to roll out virtual visits and offer prescription medications, in addition to building out its array of tests.
Primary care startup One Medical is buying Iora Health for $2.1 billion. The deal will give One Medical a bigger geographic footprint, and crucially, a bigger presence among people covered by Medicare.
Doximity, the “LinkedIn for physicians,” is preparing for an IPO. In an unusual move, it’s setting aside a portion of its shares for some of its users.
In response to emailed questions, Castor CEO Derk Arts talks about how he formed the clinical trial tech startup to improve the drug development process.
Examine the 3 major challenges associated with device-based remote patient monitoring and learn how a deviceless strategy can overcome them.
Truepill, the company operating behind-the-scenes to help digital health companies with pharmacy fulfillment and telehealth visits, has added a third feature: at home testing. CEO Umar Afridi hopes the trio of services will create a seamless experience for most people’s basic health needs.
As the world of healthcare benefits becomes increasingly fragmented, Cedric Kovacs-Johnson sees a need for benefits administration to keep up. His startup, Flume, recently made its debut with $10 million in funding.
When ChristianaCare’s Graham Cancer Center saw that a significant number of its patients did not have a primary care provider, they decided to take action. Now, any patient that doesn’t already have a PCP is connected to one onsite at the cancer center, expanding the care each patient receives.
7wireVentures, the venture capital firm that backed Livongo and other healthcare technology companies, raised $150 million for a new connected consumer fund. It’s already made two investments in patient navigation startups.
Having access to affirming spaces and living with people who respected their pronouns made a big difference in LGBTQ kids’ mental health, according to a survey conducted by the Trevor Project. Youth living with people who respect their pronouns were half as likely to report attempting suicide than those who didn’t.
According to a survey conducted by Catalyst @ Health 2.0, a whopping 41% of digital health companies said their revenue was above expectations last year. Despite reporting longer sales cycles, most companies still were optimistic about their business prospects going into 2021.
Although it has focused on diabetes management, Founder and CEO Laurence Girard says that the company is growing its telemedicine services to include virtual primary care support for other chronic conditions such as hypertension, mental health and smoking cessation that pair community and clinical components.
Through the partnership, Oula’s patients will be able to deliver their babies at Mount Sinai West, while still working with their maternity care team at Oula.
Startups in the health services field present their solutions to a panel of judges and investors.
General Atlantic led the $110 million funding round, with participation from insurers Centene and AXA Venture Partners. Vida plans to use the funds to build out its network of clinicians, therapists and coaches.
After acquiring startup Doc.AI, Sharecare is going public through a merger with a Mnuchin-backed special purpose acquisition company. In a recent filing, the company disclosed it had received $50 million in backing from Anthem.
Headway, a startup working to build a network of therapists covered by major insurers, raised $70 million in funding. The startup manages claims, credentialing and other administrative work for independent practices.
Mental health is an area that needs to be better integrated into primary care. Learn the best strategies for doing so and the challenges that need to be overcome in this important discussion.
As awareness grows around GI conditions, startup Oshi Health is building a platform to connect people to teams of clinicians and health coaches to better manage their symptoms. Judges picked the startup as the health services winner for MedCity INVEST’s Pitch Perfect contest.
Listen in as our panel discusses how to achieve the right balance to combine the importance of technology while providing human touch to healthcare.
Our panel discusses how pharma companies can ensure patients have access to life-saving drugs or those that significantly improve the quality of life as well as closing the gap with diversity in clinical trials.
As demand for behavioral health services increased during the pandemic, many organizations providing these services cancelled or rescheduled appointments, or laid off staff, according to a report by the U.S. Government Accountability Office.
Sesame, a startup building a cash-pay marketplace for healthcare, raised $24 million. The sudden adoption of telehealth by the broader public led the startup to grow faster than expected.
Executives at large companies feel that the cost of providing employee health benefits will become unsustainable within the next decade, a new survey shows. They want the government to play a bigger role in providing coverage and lowering costs.
Insurer Cigna plans to cover mental health startup Ginger’s coaching services as a covered benefit. Investors are pouring more funds into mental health startups as they companies and insurers alike look for more ways to meet people’s care needs during a challenging year.
Our expert panel weighs in on health systems addressing behavioral issues and supporting the mental health of doctors, nurses and others.
Learn from payers focused on health tech, medical device investors and others on what investment trends to watch for this year.
Covid-19 has renewed interest in diagnostics and a way to deliver care at home. Learn from companies and experts as they address the future of these two developments.
The finalists across health IT, biopharma, medical devices, diagnostics, and health services tracks were judged on criteria that included: completeness of overall plan, business idea, market opportunity, revenue model, and founder(s) experience.
Care navigation startup Accolade struck an agreement to buy telehealth startup PlushCare for $450 million. The goal is to support primary care physicians with information about a patient’s health and benefits, CEO Rajeev Singh said.
The pandemic has highlighted longstanding disparities in how people access mental healthcare. But as more people and policymakers focus on mental health, will this change?
As a country, we must do a better job supporting people and communities throughout their health journey because communities with greater access to information and increased levels of health literacy will ensure better health outcomes.
There should be a discussion about how to address the disproportionate impact Covid-19 has had on Black communities.
Representatives from five health services startups will present their companies to three judges, followed by a Q&A. The judges for the health services track include: Cheryl Chang of BlueRun Ventures; Keith Figlioli of LRVHealth, and Steve Tolle of HLM Venture Partners.
Virtual primary care startup Firefly Health plans to launch a benefit plan after raising $40 million in new funding. The company currently offers virtual and in-person access to a primary care team.
Digital health startups raised a record-breaking $6.7 billion in the first quarter of 2021. Large funding rounds propelled them past previous months.
Healthcare is becoming increasingly unaffordable, with 18% of Americans saying in a new survey that they would not be able to afford the care they need. Respondents also reported cutting back on other expenses to afford healthcare, including money spent on food and utilities.
The startup, which provides primary care services to Medicaid patients, plans to use the funds to expand into new states and add maternity and pediatrics services lines. It also recently launched a vaccination site in conjunction with the New York Department of Health.
Read new developments on healthcare startups such as Seven Bridges, Scipher Medicine, Applied VR and more.
Healthcare delivery is one of the themes at the annual MedCity News virtual INVEST conference, April 19-23. Register today!
A vaccine communication playbook developed by WELL™ Health offers guidance to providers on how to meet the communication challenges to ensure patients get both doses of the Covid-19 vaccine.
Microsoft’s latest eBook offers a look at how technology can help organizations meet patients’ changing expectations and provide personalized care.
Nick Desai, the co-founder and CEO of Heal, announced he would step down on Tuesday. Scott Vertrees, an advisor to the company, will become the company’s new CEO.
While addiction treatment has traditionally focused on the removal of substance use ‘symptoms’ by collecting urine samples and screening for substance use, the complexity of the biopsychosocial framework requires commensurate measurement tooling.
While half of benefits executives said their mental health coverage was adequate, more than half of employees with a diagnosable condition didn’t receive mental health treatment in the last year, according to a recent survey conducted by mental health startup Lyra Health.
DispatchHealth, a startup offering at-home care, raised $200 million in funding. The Denver-based company plans to use it to expand to additional states.
Thirty Madison launched a new telehealth brand for people with seasonal allergies. It’s the latest addition to the company’s growing list of direct-to-consumer brands, which include hair loss, migraines and acid reflux.
Primary care startup Eden Health, which contracts with employers and commercial real estate companies to offer a combination of virtual and in-person services, raised $60 million in funding. The company plans to use the funds to build out its platform and open brick-and-mortar clinics in new cities.
Signify Health, a company that provides services for value-based care programs, went public on Thursday in an upsized IPO. The company’s stock began trading at $24 per share, above its expected range of $20 to $21 per share.
Husband and wife entrepreneurs Gregory and Lauren Hanson talk about their healthcare startup and how they want to help connect companies in search of medical expertise with physicians to advise them.
A new playbook from WELL™ Health offers hospitals a roadmap during this public health crisis for providing efficient and timely patient communication including appointments, virtual care, testing, and more.
Consumer DNA testing company 23andMe plans to go public through a merger with a special-purpose acquisition company started by Virgin Group. As sales of DNA testing kits wane, how will 23andMe drum up new interest for its business?
For the last few years, digital transformation has been the mantra for healthcare-related organizations of […]
Verily’s virtual diabetes platform, Onduo, is expanding to support additional conditions and languages, Onduo’s CEO Vindell Washington shared. How will the company differentiate itself among a growing number of multi-condition platforms, such as Livongo and Omada?
Folx, a direct-to-consumer health startup for LGBTQ patients, raised $25 million in funding. The company, which launched in December and currently operates in 11 states, plans to use the funds to further expand its footprint and expand into sexual health and family planning services.
Concert Health, a San Diego-based behavioral health startup that partners with primary care providers, raised $14 million in series A funding.
The INVEST Pitch Perfect contest is part of our INVEST conference April 19-23, which will be hosted online due to Covid-19, and includes five tracks for startups: biopharma, medical devices, diagnostics, health IT and health services. Read more on how to apply.
Signify Health, a startup that provides in-home healthcare services and value=based payment programs, filed early paperwork for an IPO. The company plans to be traded on the New York Stock Exchange under the ticker “SGFY.”
Benefits navigation startup Accolade acquired second opinion startup 2nd.MD for $460 million. With little overlap between the two companies, the deal is expected to increase Accolade’s total addressable market by $22 billion.
K Health raised $132 million in funding, which it plans to use to expand its platform into pediatric patients. The company has built a symptom-checker app and lets patients text a primary care physician for an additional fee.
The need and demand for access to quality, interdisciplinary therapy will only continue to grow. Early intervention, with consistent, qualified care provided under one roof, can generate better outcomes that will help children and their families change what autism means in their lives.
States will get some much needed support to roll out a coronavirus vaccine. Last week, the Department of Health and Human Services shared it would roll out $22 billion in funding to support state testing and vaccination efforts.
Read about news from healthcare startups including Carrum Health, Aspen RxHealth and more.
Hinge Health, a startup offering virtual physical therapy, recently raised $300 million in funding. The company now has a value of more than $3 billion, the company confirmed.
Healthcare technology companies raised a record of $15.3 billion in 2020, according to a report from Silicon Valley Bank. For the first time, digital health companies surpassed biopharma for the number of deals.
Most Americans plans to use telehealth after the pandemic, according to a survey conducted by the Harris Poll. While most respondents were comfortable using virtual visits, they were also keen on keeping in-person visits with their doctor.
The company, which got started in genomic testing, has quickly expanded its services to include providing Covid-19 testing at businesses and universities. With the new funding, it plans to build infrastructure for more preventive health services.
The Tencent-backed company, which offers a community for clinicians in China and consumer-facing information, raised $500 million in funding.
A video from the conference spotlights startup pitches with Q&A from judges in the Health IT track of the Pitch Perfect contest.
CVS and Walgreens began administering the first doses of Covid-19 vaccines across long-term care facilities last week. But many questions still remain about how it will be administered to the general public.
Hurdle Health, a mental health startup that trains culturally competent therapists, has seen continued growth over the last year. Its founder and others are working to expand access to mental healthcare.
The managed care company picked six mental health apps that it made available to its members over the past two years. It recently published a paper showing patients were more likely to download or use digital health tools when referred by a physician.
ConsejoSano, a patient engagement platform that works with several of the large insurers, raised $17 million in series B funding. The startup’s focus is to better communicate with patients based on their cultural background.
Companies across U.S. industries are working to ensure safety from Covid-19 in their workplaces amid dwindling finances. Personal protective equipment is a crucial part of safety protocols, but more than a quarter of U.S. businesses — including a sizable share of healthcare companies — ask their employees to bring their own.
After a banner year for digital health, characterized by record adoption and investment, what will come next? Partners with Boston Consulting Group’s Digital Ventures shared their predictions for 2021.
Multicare rolled out a hospital-at-home program with Denver-based startup Dispatch Health. The program will free up hospital beds and staff as Covid-19 cases surge across the U.S.
As healthcare systems strive to recover from losses due to the pandemic, patient acquisition and retention have never been more urgent, and patient experience has never been more critical. A new guide from Bright.MD offers a digital checklist on how to improve the patient experience.
Olive AI, a startup automating routine administrative tasks for health systems, raised another $225 million in funding, bringing the total raised this year to $385 million.
Salesforce reimagined a healthcare CRM bringing actionable information into one place to enable improved internal and external collaboration, communication, and smarter, data-based decisions.
Leveraging dedicated personal coaches and individualized content are the key ingredients of a successful health and wellness program.
Lessons that underscore the importance of strong public health infrastructures, community-based care and support for the most needy can be applied to the U.S. today as it navigates the Covid-19 pandemic, two experts say.
WithMe Health, a startup trying to build a new approach to pharmacy benefits, spun off a medication guidance service that can be layer on top of existing PBMs. It also raised $20 million in funding, led by OMERS Ventures.
Spring Health, a startup that offers mental health services as an employee benefit, raised $75 million in funding. The New York-based startup matches employees with therapy and other mental health services.
Lightened telehealth regulations have expanded access to virtual visits for therapy and other mental health surges. But many patients still aren’t having their needs met.
The nonprofit health system, which operates a telehealth platform in 13 states, struck a partnership with Capsule to offer same-day prescription delivery.
The New York based startup is working to build a network of therapists and other mental health providers. It recently raised a $26 million series A round led by Thrive and GV.
With proper guidelines in place, along with more education on less toxic chemicals and the proper use of new technologies, greater outcomes will be achieved as we prepare for future outbreaks.
MedCity News is partnering with the New Orleans Business Alliance to host the executive summit November 16-18. It focuses on population health and highlights where innovation and investment are occurring in the field.
Employers, faced with a plethora of options for return-to-work programs, will still have to consider several factors beyond testing and contact tracing. For instance, how will they communicate for employees to stay home, and will a vaccine be required?
The healthcare startups targeting chronic conditions and population health presenting at INVEST Pop Health November 16-18 span prescription drug delivery to addressing social isolation.
The Veterans Health Administration and health technology company Ontrak will conduct a three-year study examining a new intervention to improve care for veterans at high risk for suicide after they have been discharged from psychiatric hospitals.
Carbon Health, which more than tripled its footprint in the last year, plans to further grow its network of primary care and urgent care clinics with $100 million in new funding.
Amid the Covid-19 pandemic and a growing interest in at-home care, DispatchHealth has published new data showing that its hospital-at-home program did not result in unexpected deaths, serious adverse events or patients being subsequently admitted to a skilled nursing facility.
Although the Covid-19 pandemic has had a significant impact on healthcare delivery, in many ways it has underscored the need for a healthcare system that can help patients easily navigate healthcare concerns as well as price transparency.
To prepare for this next wave, healthcare systems and community mental health organizations must find ways to scale resources to efficiently screen patients for behavioral health conditions, match them with the right resources and then monitor their progress over time
The pharmaceutical company will use Seqster’s system to speed up onboarding for clinical trials and to improve patient engagement.
CMS’ interim rule states that Medicare will cover Covid-19 vaccines approved by the FDA, including those receiving emergency use authorization, in a reversal from its usual policy. The vaccine will be made available at no cost to Medicare beneficiaries.
Honor, a San Francisco-based startup that strikes partnerships with home care companies, raised $140 million in a series D round. The company helps manage back-office functions in exchange for a portion of their revenue.
EVisit, an Arizona startup that is building an end-to-end telehealth platform for health systems and physician practices, raised $14 million.
The company, which offers a remote scribe services, secured $25 million in private placement financing and began trading publicly on the OTC markets after a reverse merger with Malo Holdings.
The partnership will combine in-home caretakers with Doctor on Demand’s telehealth services. Some of CareLinx users will be able to access virtual visits for free.
Imagine a world where every patient has access to a care manager armed with comprehensive, real-time data and the tools to take action.
While payers and policymakers took a more narrow-minded perspective on innovation value in 2020, the year 2021 will bring an increased focus on a treatment’s societal value, how innovation interacts with digital technologies, and whether new innovations are able to reduce existing health outcome inequalities.
Facing declining retail traffic, particularly overseas, Walgreens posted a net loss of $1.7 billion for the quarter ending on May 31. The company still has a long road ahead, but analysts said they liked its long-term strategy with VillageMD.
Walgreens plan to open hundreds of VillageMD clinics at its stores in the next five years. It would be the first major move by Walgreens to staff its locations with primary care physicians.
Walmart quietly launched a new health insurance business. The company, called Walmart Insurance, was filed with the Arkansas Secretary of State last month.