Virtual Care Platform

Pager Secures $70M to Expand Virtual Care Navigation & Journey Platform

What You Should Know: – Pager, a New York City-based virtual care navigation and collaboration platform, today announced it has raised $70 million as part of an equity and debt financing round led by Susquehanna Private Equity Investments and included new and existing financial and strategic investors, including an affiliate of Horizon Healthcare Services, Inc., …

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eVisit Nabs $45 Million to Scale Virtual Care Platform

What You Should Know: – eVisit, a Phoenix-based virtual care platform for large healthcare providers, today announced that it has closed a $45M in Series B financing round led by the Growth Equity business within Goldman Sachs Asset Management (Goldman Sachs), with participation from Texas Health Resources, Tom Burton and Steve Barlow (Co-founders of Health …

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Alpha Medical Lands $24M for Women’s Virtual Primary Care Platform

What You Should Know: – Femtech company Alpha Medical, today announced it has raised $24M in Series B funding to expand its market share in women’s virtual primary care. Alpha Medical recognizes that women’s healthcare needs reshaping to include reproductive health, primary and urgent care, and mental health services. – Alpha Medical leverages a unique …

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9am.health Launches Virtual Diabetes Clinic, Raises $3.7M

What You Should Know: –  9am.health, a new San Diego, CA-based virtual diabetes clinic delivering personalized, affordable and kind care directly to consumers, today announced the launch of its unique virtual care platform, which provides comprehensive, affordable and compassionate care to people living with prediabetes or type 2 diabetes. In addition, the company also announced …

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NHS Deploys TytoCare’s Telehealth Solution to 14 Trusts Across UK

What You Should Know: – TytoCare, an NYC-based all-in-one modular device and examination platform for AI-powered, on-demand, remote medical exams, today announced its expanded partnership with the NHS that will see the deployment of TytoCare’s telehealth solution across 14 organizations and 26 projects in Yorkshire and Humber, including Leeds Children’s Hospital, Sheffield Children’s, and nearly …

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Femtech Startup Babyscripts Secures $12M for Virtual Maternity Care Solution

What You Should Know: – Babyscripts, a Washington D.C.-based virtual care platform for managing obstetrics, announced it has raised $12M in  Series B funding led by MemorialCare Innovation Fund, a strategic healthcare investment company, and will focus on the rollout of Babyscripts Virtual Maternity Care solution to providers across the US, as well as the …

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Connect America Acquires Remote Patient Monitoring Platform 100Plus

What You Should Know: – Connect America LLC, a provider of digital health and connected care for seniors and vulnerable populations, today announced it has signed a definitive agreement to acquire 100Plus, the remote patient monitoring (RPM) platform that uses artificial intelligence (AI).  – Connect America, a portfolio company of Detroit-based Rockbridge Growth Equity, is …

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Virtual Health Clinic for Women & Families Maven Reaches $1B Valuation

What You Should Know: – Maven, a New York City-based virtual health clinic for women and families announced it has raised $110M in Series D funding co-led by Dragoneer Investment Group and Lux Capital, with participation from BOND and existing investors Sequoia, Oak HC/FT, and Icon Ventures. Maven also welcomed Oprah Winfrey as an investor …

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Prisma Health Taps TytoCare to Expand its Telehealth Offerings

What You Should Know: – TytoCare has partnered with Prisma Health, the largest healthcare system in South Carolina, to expand its telehealth offerings. – The integration of TytoCare into Prisma Health’s current virtual care offering will allow the health system to diagnose and treat patients remotely with in-depth, physical examinations during video visits. Prisma Health …

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Post-COVID Telehealth in Europe: What Works for Primary Care? – Analysis

The European primary care telehealth market has been transformed since the outbreak of COVID-19 more than 15 months ago. But which countries have developed an ecosystem that is primed for long-term growth that will bring value and improved processes to both healthcare providers and patients? A key starting point is to define the vendors that …

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Vynca Acquires Virtual Palliative Care Provider ResolutionCare – M&A

What You Should Know: –  Vynca, a national leader in advance care planning, today announced the acquisition of  ResolutionCare, a California-based innovator and provider of home-based palliative care and telemedicine. – With the acquisition of ResolutionCare’s comprehensive board-certified, physician-led palliative care model, Vynca is well-positioned to expand its support services to the seriously ill, which aligns well with its …

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Wheel Secures $50M for White-Labeled Virtual Care Platform

Wheel is Powering the Virtual Care Industry from Wheel on Vimeo. What You Should Know: – Wheel, a Austin, TX-based virtual care company, today announced a $50M series B round led by Lightspeed Ventures with participation from existing investors CRV, Silverton Partners, Tusk Venture Partners and J.P. Morgan. The round brings its total funding to …

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Memora Health Raises $10.5M for Virtual Care Delivery Platform, Backed by Andreessen Horowitz

– Memora Health, a San Francisco, CA-based virtual care delivery platform led by 24-year-old Manav Sevak announced a $10.5M round of funding led by Andreessen Horowitz. Additional investors including AlleyCorp, Martin Ventures, Kevin Durant and Rich Kleiman’s Thirty Five Ventures, Sachin Jain, Operator Partners, Edward Elmhurst Health, B Capital, and Aaron Szekel also participated. – Manav was inspired to start the …

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Vida Health Raises $110M to Expand Personalized Virtual Care Platform for Mental & Physical Health

What You Should Know:      – Vida Health, a personalized virtual care platform for physical and behavioral health, today announced it has raised $110M led by General Atlantic and global insurance giants Centene, and AXA Venture Partners. Returning investors include Ally Bridge Group, Yahoo founder Jerry Yang’s AME Cloud Ventures, Aspect Ventures, Canvas Ventures, Guidewell, NGP Capital, and Workday Ventures. – …

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Amwell Integrates Biobeat’s Wearable RPM Devices with Virtual Care Platform

What You Should Know: –  Amwell, who has collaborated with Biobeat, and will integrate Biobeat’s AI-powered wearable remote patient monitoring solutions into its Converge virtual care platform. – The integration will allow clinicians using Amwell’s Converge platform to continuously monitor patient vitals and receive deterioration alerts directly to their mobile phones via Biobeat’s AI-powered, automated real-time early warning …

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Accolade Acquires Virtual Primary Care Platform PlushCare for $450M

What You Should Know: – Accolade, Inc. today announced an agreement to acquire PlushCare, a leading provider of virtual primary care and mental health treatment. – Under the terms of the agreement, the purchase price of up to $450 million will consist of $40 million in cash, $340 million in Accolade common stock, and up to an additional $70 …

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How a Virtual Care Mindset Leads to Greater Patient Acceptance and Sustainable Telehealth Growth

Sandeep Pulim, MD, Chief Medical Officer at Bluestream Health There’s no question that the demand for telehealth and virtual care has grown exponentially over the last twelve months. With that growth has come a fundamental shift in the attitude toward virtual care. No longer do patients and providers take a “let’s try it” approach—now, it’s …

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Oneview Healthcare Launches Cloud-Based Virtual Care Experience Platform

What You Should Know:  – Oneview Healthcare collaborated with long-time client, NYU Langone Health, to roll out a virtual patient engagement platform in response to the challenges of the COVID-19 pandemic.  – CXP Cloud Enterprise powered by Microsoft Azure technology with the use of Samsung tablets, helps engage patients, reduce non-clinical demands on care teams …

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Wellstar Invests $10M to Become First Sharecare-Enabled Health System

Wellstar Health System, one of Georgia’s largest and most integrated healthcare systems, and Sharecare, the digital health company that helps people manage all their health in one place, announced a strategic partnership to collaborate on unique, market-leading innovations in personalized care delivery, population health, and consumer engagement. Through this partnership, Wellstar also will become the …

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Sharecare to Go Public in SPAC IPO Deal, Reaching $3.9B Valuation

What You Should Know: – Digital health company Sharecare and special purpose acquisition company (SPAC), Falcon Capital Acquisition Corp, today announced an agreement to merge to go public on the NASDAQ under the ticker symbol SHCR at enterprise value of $3.9B. – The transaction is expected to be funded through a combination of Falcon’s $345 …

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Verily’s Onduo Virtual Care Solution Expands to Multi-Condition Platform

What You Should Know: – Verily’s Onduo, known for its tech-based solution for virtual diabetes management, is launching a new multi-condition platform that matches the right care to the right consumer at the right time. The expanded virtual care platform is designed to support patients managing type 2 diabetes and hypertension, with plans for further expansion into mental …

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Concentra Transitions Telemed Offering from Amwell to eVisit Virtual Care Platform

What You Should Know: –  Concentra recently transitioned their three-year-old Concentra Telemed® offering from Amwell to the eVisit Virtual Care platform. – The eVisit Virtual Care platform is supporting all of Concentra’s telemedicine requirements, including its industry-leading 24/7/365 Concentra Telemed offering and Concentra Telerehab®, conducting more than 8,000 virtual visits a month. – eVisit was …

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2020’s Top 20 Digital Health M&A Deals Totaled $50B

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 close, reaching $500 million on a run-rate basis by 2025. …

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M&A: EverCommerce Acquires Healthcare Communication Platform Updox

What You Should Know: – Service commerce platform EverCommerce acquires Dublin, OH-based Updox, a healthcare communication platform for in-person and virtual care. –  The acquisition expands EverCommerce’s health services portfolio and enables the companies to further their shared goal of simplifying the business of healthcare and facilitating the growth of healthcare practices. Today, EverCommerce, a …

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Banner Health, WellSpan, Others Invest in Virtual Maternity Care Platform Babyscripts

What You Should Know: – Virtual maternity care platform Babyscripts announced a new round of investments from Banner Health, CU Healthcare Innovation Fund, The Froedtert & Medical College of Wisconsin Health Network, and WellSpan Health – Using internet-connected devices for remote monitoring, Babyscripts offers risk-specific experiences to allow providers to manage up to 90% of …

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Highmark Taps Lark Health for AI-Driven Chronic Disease Management/Prevention

What You Should Know: – Highmark, one of the largest Blues plans, has chosen Lark Health for its chronic disease prevention and management platform. – Members will have access to Lark’s 24/7 AI-based coaching and programs to manage diabetes, hypertension, and prevent chronic conditions. Highmark Inc., America’s fourth-largest overall Blue Cross Blue Shield-affiliated organization, announced …

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Amwell Launches New Offerings to Increase Doctor-to-Patient Virtual Connectivity

What You Should Know: – Amwell just announced some new offerings Amwell Now, Touchpoint Tablet software, and C500 to help increase doctor-to-patient virtual connections as patient and doctor preferences change in light of the pandemic. – The new solutions (a quick-to-deploy video visit offering, new tablet software, and a telemedicine cart) are designed to be …

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Nice Healthcare Nabs $5M to Power ‘Frictionless’ Virtual Primary Care

What You Should Know: –  Nice Healthcare raises $5M in seed funding to power the next phase of growth of its in-home and virtual primary care services. – Nice contracts directly with employers to provide unlimited access to its service under a transparent and capitated rate of $30 – $36 per employee per month. Nice …

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Babyscripts Forms Commercial Partnership with Roche to Develop RPM Programs for Pregnancy

What You Should Know:   – Babyscripts today announced a commercial partnership with Roche Diagnostics, a division of the world’s largest biotech company and a global pioneer in pharmaceuticals and diagnostics.  – Roche will partner with Babyscripts on the development of Babyscripts’ remote patient monitoring (RPM) programs to leverage groundbreaking data science through the next generation of RPM in …

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98point6 Lands $118M to Expand Text-Based Primary Care Platform

98point6 App What You Should Know: – On-demand text-based primary care platform 98point6 raises $118M in Series E funding to further invest in research and development and expand its robust medical practice. – 98point6 offers patients easy access to primary care in the same way they’ve grown accustomed to receiving the majority of services today—on …

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Press Ganey Acquires Doctor.com, Acquires Majority Stake in Binary Fountain

What You Should Know: – Press Ganey advances the healthcare consumerism movement with acquisitions of Doctor.com and a majority stake in Binary Fountain. – Expanded technology platform enables industry-leading management of providers’ online brand and seamless Web-wide patient acquisition and loyalty strategies. Press Ganey today announced the expansion of its market-leading health care consumerism platform …

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Genesis Health Taps Bright.md to Power New Telehealth Offering

What You Should Know: – Genesis Health System has signed a partnership agreement with Bright.md to offer patients in the Quad Cities of Iowa and Illinois access to its Bright.md’s SmartExam solution. – The new virtual care offering offers an affordable way to get care for hundreds of low-acuity conditions, mental health, urinary tract infections, …

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Doctor On Demand Raises $75M to Expand Comprehensive Virtual Care 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 On Demand, today announced it has raised $75 million in …

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