Health Services

Survey: 1 in 5 Americans can’t afford necessary care

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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.

One-size-fits-all addiction treatment must be replaced

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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.

Signify Health goes public in upsized IPO

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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.

FlipMD creates physician consultant hub

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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.

4 takeaways from 23&Me’s planned SPAC deal

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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?

What is the MedCity INVEST Pitch Perfect experience like?

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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.

Value-based care platform Signify Health files for IPO

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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.”

Accolade to acquire second-opinion platform for $460M

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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.

Under one roof: How to treat autism in children

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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.

Health-tech funding breaks another record in 2020

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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.  

ConsejoSano raises $17M, prepares for vaccine rollout  

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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.

One-fifth of U.S. healthcare employees told to bring their own PPE to work, survey shows

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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… Read More »One-fifth of U.S. healthcare employees told to bring their own PPE to work, survey shows

Medicare to cover all FDA-approved Covid-19 vaccines

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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 raises $140M to grow home-care network

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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.

Augmedix goes public through reverse merger

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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.

How the value of innovation will be redefined in 2021

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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.

GoodRx files to go public

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GoodRx, a digital health startup that helps users track prescription drug prices, filed for an IPO on Friday. The company hasn’t yet priced its shares, but plans to be listed on Nasdaq as “GDRX.”

Uber launches prescription delivery in Seattle, Dallas

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Through a partnership with prescription delivery startup NimbleRx, Uber is offering home prescription delivery in Seattle and Dallas. The two companies plan to expand the partnership to other locations in the future.

Can Walmart change healthcare?

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Walmart caught the healthcare industry’s attention when it began opening primary care centers across Georgia, Florida and Illinois. But without its leader, will the effort still be able to keep its momentum?

Primary care startup Oak Street Health goes public for $328M

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Oak Street Health, which operates primary care centers for Medicare patients, went public on Thursday for $328 million. Its capitation payment model has helped the company continue on where many clinics have struggled during the Covid-19 pandemic.

Report: GoodRx files for IPO

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GoodRx, a startup that makes tools for comparing the price of prescription drugs, is looking to go public, according to a report by Reuters. The company reportedly submitted paperwork to the Securities and Exchange Commission.

Who won the MedCity INVEST Pitch Perfect competition?

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Healthcare startups across health services, health IT, medical devices, biopharma and diagnostics tracks took part in the week-long competition at the conference July 20-24. Here are the winners for the five tracks.

Healthcare deals dip in 2020, but not as much as expected

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Healthcare mergers decreased in the first half of 2020, but not to the extent expected as a result of the Covid-19 pandemic. Reports by Pricewaterhouse Coopers and Kaufman Hall showed a decline in mergers and acquisitions, but still reported sustained interest from buyers

The critical need for community investment

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In comparison to other developed countries, we spend the least amount of money on social care and the most on medical, with the worst overall health outcomes. We must intentionally and strategically reallocate some healthcare dollars to invest in communities.