#HealthTechDeals Episode 42: Incredible Health, Abridge, Interaxxon, Arine & Keycare
There are surprise profits in an overfunded sector, but then there are funding deals for staffing company Incredible Health ($80m), voice recorder Abridge ($12m), meditation company Interaxxon (Muse Headband) ($9m), medication company Arine ($29) & new virtual care medical group Keycare ($24)–Matthew Holt (Source: The Health Care Blog)
Source: The Health Care Blog - August 19, 2022 Category: Consumer Health News Authors: matthew holt Tags: Health Tech Deals #HealthTechDeals abridge Arine Incredible Health Interaxxon Jessica DaMassa KeyCare Source Type: blogs
“You’ve Gotta Shoot Some Sacred Cows:” MSU Health Care’s CIO On Health Systems & Tech Transformation
By JESSICA DAMASSA
“If I continue to hear how difficult it is for hospitals to make money, I would like for them to see what it’s like to operate a real business. They are overstaffed…they are overpaying…they are not responsible for quality or outcomes…there are no guarantees on their services…they can block competition from entering their markets…they can buy up market share – that’s not a real business.”
Well, lesson learned. If you ask Roger Jansen, Michigan State University Health Care’s Chief Innovation & Digital Health Officer, how he think things are going in US health systems when i...
Source: The Health Care Blog - August 19, 2022 Category: Consumer Health News Authors: matthew holt Tags: Health Tech Hospitals Jessica DaMassa Michigan State Roger Jansen Telehealth Source Type: blogs
Rural America is a Fertile Field for Digital Health
BY ERIC LARSEN and TOMMY IBRAHIM
Eric Larsen
Tommy Ibrahim
Our rural health care system has suffered badly during the COVID-19 pandemic. It entered the pandemic with severe structural weaknesses, including magnified health disparities and inequities, lower rates of vaccination in the general population, and high risk of rural hospital closures. Beginning with these challenges, rural providers have been harder hit by the pandemic than just about any other health care sector.
Juxtaposed against this struggle is the optimism for digital health – one of the few bright spots of the pandemic. We have witnessed ...
Source: The Health Care Blog - August 19, 2022 Category: Consumer Health News Authors: Ryan Bose-Roy Tags: Health Policy Public Health Basset Healthcare COVID-19 digital health Rural America Source Type: blogs
THCB Gang Episode 101, Thursday August 18, 1pm PT- 4pm ET
Joining Matthew Holt (@boltyboy) for the 101st #THCBGang on Thursday August 18 are medical historian Mike Magee (@drmikemagee); patient safety expert and all around wit Michael Millenson (@mlmillenson); delivery & platform expert Vince Kuraitis (@VinceKuraitis); THCB regular writer and ponderer of odd juxtapositions Kim Bellard (@kimbbellard);
You can see the video below & if you’d rather listen than watch, the audio is preserved as a weekly podcast available on our iTunes & Spotify channels. (Source: The Health Care Blog)
Source: The Health Care Blog - August 18, 2022 Category: Consumer Health News Authors: Abdul Ghafar Tags: THCB Gang Kim Bellard Matthew Holt Michael Millenson Mike Magee Vince Kuraitis Source Type: blogs
Stop Talking About the Bubble and Start Telling Your Story
BY MICHELLE SNYDER
Unless you have been off the grid for the past few months (which frankly sounds kind of nice right now), you know that the digital health market has changed dramatically. While not surprising to those of us who have been through the boom-and-bust cycles of the past two decades, it nevertheless has been an awakening for many investors and entrepreneurs.
As an entrepreneur, there are some things you cannot control – the macro-economic climate, supply chain disruptions and narcissist led wars halfway around the world. But what is entirely within your control is how you tell y...
Source: The Health Care Blog - August 18, 2022 Category: Consumer Health News Authors: Ryan Bose-Roy Tags: Economics Finance Health Tech Health Technology The Business of Health Care entrepreneurship MIchelle Snyder Source Type: blogs
Keycare raises $24m & Dr Lyle thinks he ’ s found a virtual care niche!
Lyle Berkowitz has been very well known as a techy doc for years. He’s ran an innovation center at Northwestern, written books, been featured at tons of conferences (including Health 2.0), had a stint at MDLive and was founder and Exec Chair at HealthFinch which was bought by Health Catalyst. But instead of lying on the beach drinking MaiTais, Lyle has decided that there’s room for yet another virtual care play, and today his new company Keycare is announcing a $24m round and a deal with Spectrum Health (Michigan). What is it? It’s a virtual medical group that’s going to be supporting traditional he...
Source: The Health Care Blog - August 17, 2022 Category: Consumer Health News Authors: matthew holt Tags: Health Tech Health Technology Matthew Holt KeyCare Lyle Berkowitz Spectrum Health Telehealth Source Type: blogs
A Dream Day at The Beach
BY MIKE MAGEE
Senator Lindsey Graham (R.,S.C.) is on summer recess. A consummate professional politician, and war hardened lawyer, Sen. Graham has made a career out of flipping on a dime. His moral calculus has been flexible enough to wiggle and weave, and switch sides if cornered.
In a dream, I caught a glimpse of him reading on one of his state’s beautiful beaches. He was juggling a weighty 1215 page classic – Leo Tolstoy’s “War & Peace” in one hand, and a yellow highlight marker in the other.
He looked a bit on edge, maybe because this week a federal judge refused to block a subpoena see...
Source: The Health Care Blog - August 17, 2022 Category: Consumer Health News Authors: Ryan Bose-Roy Tags: Health Policy Politics 2020 Election Donald Trump Lindsay Graham Mike Magee Source Type: blogs
Particle Health, Complete Patient Records & ‘The Business’ of the Information Blocking Rule
By JESSICA DAMASSA
Particle Health’s CEO Troy Bannister stops by to not only talk about the API platform company’s $25M Series B, but to also explain exactly what’s going on in that patient data ‘exchange-standardize-and-aggregate’ space that, these days, looks poised to pop as the 21st Century Cures Act Information Blocking Rule stands ready to make hospitals share data like never before.
Troy calls Particle a “network of networks” and what that means is that their API pulls patient records from organizations and businesses that are already aggregating them (so aggregating the aggregators) to get all ...
Source: The Health Care Blog - August 16, 2022 Category: Consumer Health News Authors: matthew holt Tags: Health Technology Jessica DaMassa WTF Health 21st Century Cures Act API Interoperability Particle Health Troy Bannister Source Type: blogs
Tick Tock (or TikTok) for US Health Care
BY KIM BELLARD
Yes, I know Congress just passed the Inflation Reduction Act, a big step forward in combating climate change that also has some important healthcare provisions (Medicare negotiating drug prices, anyone?), but, come on, TikTok is buying hospitals! I can’t pass that up.
To be more accurate, TikTok’s parent company ByteDance is actually buying hospitals, through two of its health subsidiaries. As first reported by South China Morning Post, and subsequently confirmed as a $1.5b deal by Bloomberg, ByteDance bought Beijing-based Amcare Healthcare, which runs eight women’s and children’s hospitals...
Source: The Health Care Blog - August 16, 2022 Category: Consumer Health News Authors: Ryan Bose-Roy Tags: Health Policy Source Type: blogs
Long COVID cardiac studies: More questions than answers.
BY ANISH KOKA
The NIH recently announced $1.2 billion dollars in funding for research on Long COVID. This is in part because of a faction of scientists that have mined electronic health record databases to find evidence that the long term impacts of COVID on a variety of different organ systems is significant.
I have some concerns when it comes to the cardiac complications discussed related to Long COVID.
One of Dr. Al-Aly’s long COVID papers illustrates the issues with using large datasets to differentiate signal from noise. The authors used the US Department of Veterans Affairs national healthcare datab...
Source: The Health Care Blog - August 15, 2022 Category: Consumer Health News Authors: Ryan Bose-Roy Tags: COVID-19 Health Policy cardiac long covid studies NIH Source Type: blogs
Next-Gen PBM Capital Rx Becomes a Tech Co: Inside New PBA Biz, $106M Series C & Big Plans
by JESSICA DAMASSA
What’s the bigger news coming out of Capital Rx: that the next-gen PBM just closed a $106 million dollar Series C? Or, that the health tech startup’s business model has expanded significantly over the past 18 months, from PBM-only to PBM-plus-PBA, meaning that instead of just servicing the pharmacy benefits management needs of employer groups directly, that now they’re also adding to their business by selling THEIR TECH to other carriers and health systems so they can use it to administrate their benefits plans??
Capital Rx’s CEO AJ Loiacono takes those questions in stride, lets us in on w...
Source: The Health Care Blog - August 12, 2022 Category: Consumer Health News Authors: matthew holt Tags: Jessica DaMassa AJ Loicano PBM Tech platforms Source Type: blogs
HealthTechDeals Episode 41 | Cera, Birdie, Theator, Tebra, Diagnostic Robots
It’s a tale of two markets: on one side we have layoffs, sinking stock prices, and all sorts of trouble, but on the other side we’ve got some good bills passed and some pretty great fundraising! In this episode, Jess and I dive more into the dual nature of the state of health tech. Is it the best of times and the worst of times? We find out, and talk through some recent multimillion-dollar deals: Cera raises $320 million; Birdie raises $30 million; Theator raises $24 million; Tebra raises $72 million; Diagnostic Robotics raises $45 million.
-Matthew Holt (Source: The Health Care Blog)
Source: The Health Care Blog - August 11, 2022 Category: Consumer Health News Authors: Ryan Bose-Roy Tags: Health Tech Health Tech Deals Birdie Cera Source Type: blogs
CNN myocarditis fact check by a Cardiologist (me)
BY ANISH KOKA
A recent CNN article discusses approval of the Moderna Covid-19 vaccine for people ages 6-17. The CDC director acted after its vaccine advisers on the Advisory Committee on Immunization Practices voted unanimously to support the two dose Moderna COVID-19 vaccine for kids in this age group. The goal per CDC director Walensky was to “protect our children and teens from the complications of severe COVID-19 disease”
The elephant in the room that the CDC advisory group addressed is the risk of myocarditis from the vaccines that has been widely reported since April of 2021 by multipl...
Source: The Health Care Blog - August 10, 2022 Category: Consumer Health News Authors: Ryan Bose-Roy Tags: Health Policy Public Health CNN myocarditis Source Type: blogs
Virtual Care Regulatory Round-Up: Dobbs & the ‘Weaponization’ of Digital Health Data
BY JESSICA DaMASSA
How will the reversal of Roe v. Wade impact virtual care and digital health companies from a health data privacy standpoint, particularly as States crack down on the use of telehealth as a mechanism for obtaining abortions and begin to look at digital health data as potential evidence in criminal cases where abortions are illegal?
Health data privacy expert and rightfully-so-self-proclaimed HIPAA Scholar, Deven McGraw, who spent three years as Deputy Director of the Health Information Privacy Office at HHS and currently leads Data Sharing and Stewardship at Invitae, gives us her hot take on what...
Source: The Health Care Blog - August 10, 2022 Category: Consumer Health News Authors: Ryan Bose-Roy Tags: Health Tech Jessica DaMassa Deven McGraw HIPAA Source Type: blogs
Manav Sevak, CEO, Memora Health: Interview & Demo
Manav Sevak is the (young and very smart) CEO of Memora Health. I must admit to thinking that their service was just a patient chatbot, but it’s a lot more than that. It’s digitizing care workflows that touch both patients and of course the clinical care teams that support them–especially outside the walls of the hospital. They also collect a lot of patient data, and then guide their patients through their complex journey. Manav dives deep into the product and shows us a tad of the secret sauce behind the relatively simple front end of the product. Memora raised $40m earlier this year ($50m total) with Tr...
Source: The Health Care Blog - August 9, 2022 Category: Consumer Health News Authors: Ryan Bose-Roy Tags: Health Tech THCB Spotlights Manav Sevak Memora Health transformation Source Type: blogs
