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 score system.
- Amwell powers telehealth
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Cigna Becomes First Plan to Reimburse for Behavioral Health Coaching Via Ginger
What You Should Know:
- Cigna just announced that they’re the first national plan to reimburse for behavioral health coaching, a new covered benefit available now to 14M members through Ginger. Essentially, Cigna customers with employer-sponsored or individual and family (IFP) insurance plans (14M of their 16M members) can access Ginger’s behavioral health coaching, therapy, and psychiatry services as an in-network benefit.
- During the pandemic, Cigna saw a significant
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Digital Therapeutics Startup Kaia Health Raises $75M to Optimize MSK & COPD Care
What You Should Know:
- Digital therapeutics company, Kaia Health, has raised $75M Series C round (total: $125M) to expand clinical capabilities and transform the treatment path for Musculoskeletal (MSK) and Chronic obstructive pulmonary disease (COPD) care in the U.S. and Europe.
- The Series C round was led by an unnamed leading growth equity fund with support from existing investors, including Optum Ventures, Eurazeo, 3VC, Balderton Capital, Heartcore Capital,
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Caresyntax Raises $100M to Expand Digital Surgery Platform in Key Markets
What You Should Know:
- Caresyntax, a Boston-based enterprise-level digital surgery platform delivering actionable insights to make surgery smarter and safer, today announced that it has closed a significantly oversubscribed $100 million Series C funding round led by PFM Health Sciences LP, which also included participation from Optum Ventures, Intel Capital, Lauxera Capital Partners, Vesalius Biocapital Partners, Arno Capital, Rezayat Investments, as well as current investors IPF Partners,
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Direct Pay Healthcare Marketplace Sesame Nabs $24M to Expand its Nationwide Telehealth Offerings
What You Should Know:
- Sesame, a New York City-based direct-pay healthcare company, announced that it has raised an additional $24 million, bringing Sesame’s total capital raised to just under $50 million since its founding in 2019. New investments come from Giant Ventures, Industry Ventures and Coefficient Capital, along with existing investors like General Catalyst.
- Founded in 2018, Sesame’s platform connects patients and providers directly, providing clear, affordable prices
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Narrow Margins, Low Patient Volumes Fuel Ongoing Financial Instability for Hospitals
What You Should Know:
- Narrow margins, low patient volumes, and high costs fuel ongoing financial instability for U.S. hospitals, health systems, and physician groups, according to two new reports from Kaufman Hall.
- U.S. hospitals and health systems saw mixed performance in March, as national COVID-19 metrics plateaued early in the month before climbing steadily again with increased spread of COVID-19 variants, as shown in the latest issue of the National Hospital
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Abbott Launches New AI-Powered Coronary Imaging Platform in Europe
What You Should Know:
- Abbott announced that its new imaging platform powered by Ultreon 1.0 Software, is now CE Marked in Europe. This first-of-its-kind imaging software merges optical coherence tomography (OCT) – an imaging tool that provides physicians a comprehensive view inside an artery or blood vessel – with the power of artificial intelligence (AI) for enhanced visualization.
- The new Ultreon Software can automatically detect the severity of calcium-based blockages and measure
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TytoCare Launches Telehealth Solution in Italy via Multimed Partnership
What You Should Know:
- TytoCare has partnered with Multimed, a leading distribution and commercialization company providing medical devices, surgical instruments, robotics and safety devices, who will exclusively introduce TytoCare to the Italian public healthcare market.
- The Italian healthcare system expressed significant demand for TytoCare’s telehealth platform as a solution to help fight the rapid outbreak of COVID-19 that plagued the country at the onset of the pandemic.
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Glytec Raises $21M to Fix Hospital Insulin Management
What You Should Know:
- Glytec announced $21M in funding today from Silicon Valley Bank, Savitr Capital and others to help address the challenge that 90% of hospitals in the U.S. face with insulin management.
- Glytec’s insulin management solution, eGMS helps providers track blood glucose data, detect and alert patients in glycemic disarray, provide personalized insulin dosing regimens, and get patients into target blood glucose range
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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 million of value payable upon the achievement of defined revenue milestones following the closing.
- The
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