What You Should Know:
- Each year, the US healthcare industry spends $39 billion on 9 administrative transactions, according to a new report from CAQH.
- The 2020 CAQH Index also uncovered that by automating these transactions, the industry could save $16.3 billion annually--a 42% cost reduction.
CAQH, released the eighth annual report measuring the progress made by healthcare payers and providers in automating administrative transactions. The 2020 CAQH Index found that, of
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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 and behavioral health.- In addition, Onduo has introduced multi-language support to make the virtual
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Philips Launches Medical Tablet to Expand Remote Patient Management
What You Should Know:
- Philips announced the launch of the Philips Medical Tablet, an end-to-end, easy-to-implement, portable monitoring kit that enables remote access to patient data and allows clinicians to care for patients outside of the hospital.
- Aiming to serve larger patient populations during emergency situations like the COVID-19 pandemic, the Medical Tablet helps reduce exposure and provide continuous, quality patient care.
Royal Philips, announced the launch of Philips
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83% of Consumers Would Feel Safer in Hospitals with COVID-19 Contact Tracing Technology, Survey Reveals
What You Should Know:
- According to a new survey conducted by SwipeSense, 83% of consumers would feel safer at hospitals with COVID-19 contact tracing technology. The survey reveals 73% of consumers feel concerned or extremely concerned about hospital safety -- a 46% increase in their concern since the onset of COVID-19.
- Many hospitals still rely on manual contact tracing for COVID-19 despite this strong patient preference and the fact that antiquated manual methods to
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Highmark BCBS Expands Access to Freespira’s Digital Therapeutic to Help Treat PTSD, Panic Attacks
What You Should Know:
- Health insurer Highmark expands access to FDA-cleared digital therapeutic Freespira proven to reduce the symptoms of panic disorder and PTSD for members in Pennsylvania, Delaware and Virginia.
- The announcement follows a pilot study finding that nearly 9 out of 10 patients using the solution were symptom-free after treatment.
Highmark Inc., the fourth-largest Blue Cross Blue Shield-affiliated organization announced it is expanding access to Freespira’s
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Capital Rx Secures $50 Million to Redefine Prescription Pricing
What You Should Know:
- Capital Rx, the fastest-growing pharmacy benefit manager in the U.S., announced today that it has raised $50 million in Series B financing.
- Following the recent launch of JUDITM, the industry’s first Enterprise Pharmacy Platform, Capital Rx will continue to expand the platform’s capabilities, including leveraging AI to improve clinical care.
Capital Rx, a New York City-based pharmacy benefit manager in the U.S., announced it has raised $50 million in Series B
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Humana Taps DispatchHealth to Power Hospital-Level Care in the Home
What You Should Know:
- Humana Inc. and DispatchHealth, a provider of in-home medical care, today announced an agreement to provide Humana members with access to an advanced level of care in the home – to help enhance patients’ experience and health outcomes. The Dispatch-Humana agreement is believed to be the country’s first program to provide hospital-level care involving a national payer.
- The agreement will provide members living with multiple chronic conditions – such as cellulitis,
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Modern Health Acquires Mental Health Startup Kip to Expand Data-Driven Capabilities
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 tools to track observations, feedback, and outcomes about their mental health journey. By combining therapy with a mobile app that allows patients to engage with resources and maintain
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SWORD Health Nabs $25M for Virtual Musculoskeletal Care Solution
What You Should Know:
- SWORD Health raises $25 million in Series B to accelerate growth of its best-in-class virtual musculoskeletal care solution led by Todd Cozzens, Managing Partner at Transformation Capital and former healthcare investor at Sequoia Capital. Existing investors Khosla Ventures, Founders Fund, Green Innovations, Vesalius Biocapital and Faber also participated. The latest round brings SWORD’s cumulative fundraising to $50 million.
- SWORD Health pairs licensed physical
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Cellino Closes $16M Seed Financing led by The Engine and Khosla Ventures to Automate and Scale Stem Cell Manufacture
What You Should Know:
- Cellino, a Cambridge, MA-based personalized regenerative medicine company developing an AI-guided laser editing platform for autologous cell-based therapies, today announced the closing of a $16M Seed financing round. The round was co-led by The Engine and Khosla Ventures, with participation from Humboldt Fund and 8VC.
- The company’s platform solves a time-consuming, major bottleneck of developing drugs that rely on cell therapy, having to
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