Digital health startup Better Therapeutics plans to go public through a SPAC merger that would value it at $187 million. The company is currently running a pivotal study to see if its app-based program could be used as a treatment for type 2 diabetes.
What You Should Know: – AKASA (formerly known as Alpha Health), a South San Francisco, CA-based Unified Automation™ company for revenue cycle management in healthcare, announced it has raised $60 million in its series B round of funding. – Founded in 2018, AKASA uses the… Read More »AKASA Raises $60M to Automate Revenue Cycle Operations for Health Systems
What You Should Know: – AppliedVR, a Los Angeles, CA-based company advancing the next generation of digital medicine, today announced $29 million in Series A funding, bringing its total funds raised to date to $35 million. The round, which includes key investors F-Prime Capital, JAZZ… Read More »AppliedVR Lands $29M for VR Platform to Treat Chronic Pain
Komodo, a data analytics startup building out information on patient encounters and outcomes, raised $220 million in funding. It plans to use the funds to build out its platform and further integrate it in users’ workflows.
Viz.AI, a San Francisco-based care coordination startup, raised $71 million in series C funding. The company plans to use the funds to build out its platform beyond coordinating care for stroke.
The agency charged the co-founders of the failed fecal microbiome startup with defrauding investors. The SEC is seeking a court order that would bar uBiome’s co-founders from serving as officers or directors, and require them to give up any ill-gotten gains.
Livongo Founder Glen Tullman is leading a new healthcare venture. Called Transcarent, the patient navigation platform strikes risk-sharing agreements with employers.
In another big tie-up between a telehealth and digital health company, Grand Rounds and Doctor on Demand reached a merger agreement. Grand Rounds CEO Owen Tripp will serve as CEO of the combined business.
The positive data for the antibody drug from Vir Biotechnology and GlaxoSmithKline give a clearer picture of how and when these treatments could help. Last week, a different pivotal study testing the same drug in hospitalized patients yielded murkier results.
The digital physical therapy company acquired a startup making a small, adhesive device that use electrical pulses for pain treatment.
Satsuma Pharmaceuticals executives say they now understand why their intranasal migraine treatment failed a pivotal test. But even with a new Phase 3 plan, the company is behind a competitor that could launch its intranasal migraine treatment later this year.
What You Should Know: – bene : studio, a San Francisco, CA-based global digital product consultancy, announced its non-equity, online HealthTech Product Accelerator, starting on April 1st. The accelerator will focus exclusively on the enhancement of the participating companies’ design and technology. – This accelerator… Read More »bene : studio Launches HealthTech Product Accelerator Starting April 1st
What You Should Know: – Portland, Oregon-based Reperio Health announced it has raised $6M in seed funding co-led by Caduceus Capital Partners in Nashville, Tenn., and Rogue Venture Partnersin Portland, Ore., with additional investment from Liquid 2 Ventures and G Ventures, both out of the… Read More »Reperio Health Raises $6M to Expand At-Home Wellness Kits to Employer Market
The amended pact follows a collaboration begun last year when GlaxoSmithKline paid Vir Biotechnology $250 million to team up on potential treatments for Covid-19. The expansion includes an influenza treatment based on Vir’s antibody technology.
What You Should Know: – Syapse raises 68M in equity investment led by Ally Bridge Group (ABG), with Northpond Ventures to expand delivery of real-world evidence through Syapse’s Learning Health Network. – The Syapse Learning Health Network is a global precision oncology data sharing network,… Read More »Syapse Lands $68M to Expand Global Precision Oncology Data Sharing Network
What You Should Know: – Modern Health acquires San Francisco-based mental health startup Kip to expand the data-driven capabilities of its mental health and wellness platform supporting 200+ enterprises globally. – Founded in 2015, Kip connects users with qualified therapists and arms them with the… Read More »Modern Health Acquires Mental Health Startup Kip to Expand Data-Driven Capabilities
What You Should Know: – Illumina and Sequoia Capital will collaborate to build an ecosystem for life science startup companies advancing breakthrough applications in genomics. – Sequoia Capital China Intelligent Healthcare Genomics Incubator, Powered by Illumina will leverage the expertise of Illumina for Startups in… Read More »Illumina, Sequoia Capital China Launches Genomics Incubator in China
Data analytics startup Verana Health struck a partnership with Janssen Research & Development. They’ll focus on exploring better treatments for diabetic retinopathy and macular edema.
Teladoc Health and Livongo Merge The combination of Teladoc Health and Livongo creates a global leader in consumer-centered virtual care. The combined company is positioned to execute quantified opportunities to drive revenue synergies of $100 million by the end of the second year following the… Read More »2020’s Top 20 Digital Health M&A Deals Totaled $50B
What You Should Know: – San Francisco-based digital health startup Pair Team emerges out of stealth with $2.7M in seed funding backed by Kleiner Perkins, Craft Ventures, & YC. – Pair Team provides both a remote team and AI that automates workflows, provides infrastructure &… Read More »Pair Team Emerges Out of Stealth with $2.7M to Automate Primary Care Operations
What You Should Know: – Digital health startup Kleva Health launches FDA authorized saliva at-home COVID-19 test kit and raises $1.5 million in seed funding. – Kleva Health’s At-Home COVID-19 Saliva Test Kit will be available for orders on its website, klevahealth.com, and will retail… Read More »Kleva Health Launches FDA Authorized Saliva At-Home COVID-19 Test Kit for $149
Dr. Pallabi Sanyal-Dey, Associate Professor of Medicine at UCSF & Director of Client Services at LeanTaaS Since the beginning of the COVID-19 pandemic, key elements of hospital operations such as managing inpatient bed capacity, and access to ventilators and PPE have taken center stage. The… Read More »COVID-19: How Hospitals Can Create Better Inpatient Bed Capacity through Math
CommonHealth App Connects to 230 Health Systems to Share Health Data – including COVID Test and Vaccine Status
What You Should Know: – CommonHealth has connected to 230 health systems in the United States, allowing patients to gather, manage and share their health and test data, including COVID test and vaccination status. By the end of this month, CommonHealth will connect to more… Read More »CommonHealth App Connects to 230 Health Systems to Share Health Data – including COVID Test and Vaccine Status
Recent Executive Hires: CVS Health New President, Cleveland Clinic/Amwell Joint Venture Leadership, Others
Neela Montgomery, EVP & President at CVS Pharmacy/Retail CVS Health Corporation names Neela Montgomery Executive Vice President and President of CVS Pharmacy/Retail, effective November 30, 2020. Montgomery will oversee the company’s 10,000 pharmacies across the United States. Montgomery, currently a Board Partner at venture capital… Read More »Recent Executive Hires: CVS Health New President, Cleveland Clinic/Amwell Joint Venture Leadership, Others
What You Should Know: – GE Healthcare announced a new artificial intelligence (AI) algorithm to help clinicians assess Endotracheal Tube (ETT) placements, a necessary and important step when ventilating critically ill COVID-19 patients. – The AI solution is one of five included in GE Healthcare’s… Read More »GE Healthcare Unveils First X-Ray AI Algorithm to Assess ETT Placement for COVID-19 Patients
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.
What You Should Know: – Ontrak acquires LifeDojo Inc, a San Francisco, CA-based comprehensive, science-backed behavior change platform. – The acquisition broadens Ontrak’s addressable market and footprint to lower acuity populations enabling new interventions and remote patient monitoring. Ontrak, Inc., a leading AI-powered and telehealth-enabled,… Read More »Ontrak Acquires Science-Backed, Behavior Change Platform LifeDojo
What You Should Know: – KēlaHealth announced their Series A round (combined seed and Series A) of $12.9M led by Sante Ventures and new innovation VC, Intuitive Ventures. – KēlaHealth, is a surgical intelligence engine that applies a dynamic cycle of patient-specific predictions, stratified interventions,… Read More »KēlaHealth Lands $12.9M to Expand AI-Powered Surgical Intelligence Platform
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.
What You Should Know: – FDA awards AppliedVR Breakthrough Device designation for treating treatment-resistant fibromyalgia and chronic intractable lower back pain – AppliedVR’s EaseVRx program helps patients learn self-management skills grounded in evidence-based cognitive-behavioral therapy (CBT) principles and other behavioral methods. AppliedVR, a pioneer advancing… Read More »FDA Grants AppliedVR Breakthrough Designation for Virtual Reality Chronic Pain Treatment
What You Should Know: – Innovaccer launches its artificial intelligence (AI)-enabled patient relationship management solution to streamline communication between patients and their care teams. – The solution enables providers and member teams to move beyond treating illness to facilitating proactive care by building productive, long-term… Read More »Innovaccer Launches AI-Enabled Patient Relationship Management Solution
Medicare Advantage startup Clover Health will go public in a blank-check acquisition led by billionaire Chamath Palihapitiya. The deal will value Clover at $3.7 billion.
What You Should Know: – NVIDIA and Massachusetts General Brigham Hospital researchers develop an AI model that determines whether a person showing up in the emergency room with COVID-19 symptoms will need supplemental oxygen hours or even days after an initial exam. – The ultimate… Read More »NVIDIA Develops AI Model to Accurately Predict Oxygen Needs for COVID-19 Patients
What You Should Know: – Innovaccer launches a perioperative optimization solution for surgeons to realize clinical and financial goals with patient-risk analysis. – The solution redefines surgical planning and post-surgical recovery with machine learning-based patient stratification for optimized surgery experience and personalized patient care management.… Read More »Innovaccer Launches Perioperative Optimization Platform for Surgeons
Ginger, a startup that provides mental health coaching services to its members, raised $50 million in series D funding.
What You Should Know: – Ginger announces $50 Million in Series D funding to expand access to its on-demand mental healthcare system led by Advance Venture Partners and Bessemer Venture Partners; joined by Cigna Ventures and existing investors. – Company has more than tripled revenue… Read More »Ginger Lands $50M to Expand On-Demand Mental Health Support Platform
Max Mancini, CTO at Collective Health What You Should Know: – Collective Health appoints Max Mancini as its new Chief Technology Officer. – Mancini, who previously held senior roles at Apple and eBay, will lead the company’s exceptional engineering team- overseeing the architecture, design and… Read More »Collective Health Appoints Max Mancini as New Chief Technology Officer
Patient engagement platform Luma Health was designed to help patients schedule appointment with the doctor without having to wait months. With Covid-19, the startup’s vision has expanded.
What You Should Know: – Ciox Health has acquired Medal, Inc., a biomedical Natural Language Processing (biomed-NLP) technology company. – The acquisition will lead Ciox to better and more quickly enable real-world data in support of research that advances patient care. Ciox Health, a leading health… Read More »Ciox Health Acquires Biomedical NLP Company Medal
What You Should Know: – Innovaccer has recently partnered with Central Maine Healthcare (CMH), an integrated healthcare delivery system that serves over 400,000 people in the central, western, and mid-coast regions of the state, to connect providers with their patients through data-driven telehealth, powered by… Read More »Central Maine Healthcare, Innovaccer Partner to Power Data-driven Telehealth Capabilities
The companies will use a combination of more than seven years of medical record data with five years of prospective data on 5,000 MS patients, including real-world outcomes data and MRI images. Other disease areas to be explored include hematology and rare diseases.
What You Should Know: – GYANT raises $13.6M in Series A funding for AI-enabled digital front door solutions to drive meaningful patient-doctor engagement. – The investment will enable GYANT to scale up its product development to meet rapidly increasing market demand and support its exponential… Read More »GYANT Raises $13.6M for AI-Enabled Digital Front Door Solution to Drive Patient-Doctor Engagements
What You Should Know: – Emtiro Health, an innovative population health company in North Carolina has selected Innovaccer to deliver data-powered solutions to enhance the efficiency and effectiveness of care delivery. – Powered by Innovaccer’s FHIR-enabled Data Activation Platform, Emtiro Health will create unified patient… Read More »Emtiro Health Taps Innovaccer to Leverage the FHIR-Enabled Data Activation Platform
What You Should Know – Doctor On Demand raises $75M in Series D funding led by General Atlantic to expand comprehensive virtual care. – Doctor On Demand is seeing record usage this year – up 139% – for COVID-19 screenings, routine health issues, chronic conditions and behavioral health. San Francisco, CA-based Doctor… Read More »Doctor On Demand Raises $75M to Expand Comprehensive Virtual Care Platform