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Digital Health | News, Analysis, Insights - HIT Consultant

Risky Business of Health Trackers: What Digital Health Leaders Need to Know

by Cristina Varner, Newfront, SVP National Life Science & Healthcare Practice 03/09/2023 Leave a Comment

Risky Business of Health Trackers; What Digital Health Leaders Need to Know

Gone are the days when healthcare information was only available to us at the doctor’s office or through the office's online portals, and that’s in part due to the rapidly growing popularity of wearable technology devices. It’s estimated that 1 in 5 adults in the U.S. use a fitness or health tracker to monitor things such as heart rate, blood pressure, sleep cycle, and stress. But this information is being used beyond just monitoring specific conditions. Take me, for example; I personally use my
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Aiberry Secures $8M for AI-Powered Mental Health Screenings

by Fred Pennic 03/08/2023 Leave a Comment

Aiberry Secures $8M for AI-Powered Mental Health Screenings

What You Should Know: - Aiberry (pronounced “I” + “berry”), an AI-powered mental health screening pioneer today announced that it has secured $8M in seed funding led by Confluence Capital Group, Inc. (CCG) with participation from the VC fund Ascension AI. This brings total funding to $10M - The company plans to use the latest round of funding to accelerate the adoption of the Aiberry platform, which uses an AI-powered therapeutic assistant to conduct a conversation to detect mental health
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Opkit Launches First Insurance Verification Platform for Telehealth

by Fred Pennic 03/08/2023 Leave a Comment

Opkit Launches First Insurance Verification Platform

What You Should Know: - Y Combinator startup Opkit emerges from stealth with an automated health insurance verification platform that is purpose-built for the new telehealth companies and virtual medical clinics that are providing care for a wide range of patients across the United States. The startup has raised more than $1M from Global Founders Capital, Mischief (Plaid founder Zach Perret's fund), Socially Financed, Y Combinator and Rex Salisbury, former partner at Andreessen
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COTA and GTC Partner to Improve Precision Oncology

by Strategic Partnerships 03/08/2023 Leave a Comment

FDA Extends RCA With COTA to Explore COVID's Effect on Cancer

What You Should Know: - COTA, Inc., an oncology real-world data and analytics company, today announced a new partnership with Genomic Testing Cooperative (GTC), a molecular testing company. - GTC has a very innovative approach to genetic testing, providing molecular information which is critical to determining accurate diagnoses and determining the most appropriate treatment. GTC's tissue and liquid-biopsy testing leverages DNA and RNA sequencing, which is very rare in the
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Long-Term Care Insurtech Assured Allies Nabs $42.5M to Power Successful Aging

by Fred Pennic 03/07/2023 Leave a Comment

Long-Term Care Insurtech Assured Allies Nabs $42.5M to Power Successful Aging

What You Should Know: - Assured Allies, an insurtech company for evidence-based successful aging raises $42.5M in Series B funding round co-led by FinTLV Ventures and existing investor Harel Insurance, and was joined by new and existing investors including Lumir Ventures, Funds managed by Hamilton Lane (NASDAQ: HLNE), New Era Capital Partners, MS&AD Ventures, Core Innovation Capital, Poalim Equity, EquiTrust Life Insurance Company, Akilia Partners, and Samsung Next. The latest round
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WeightWatchers Acquires Clinical Weight Management Platform Sequence for $106M

by Jasmine Pennic 03/07/2023 Leave a Comment

WeightWatchers Acquires Clinical Weight Management Platform Sequence for $106M

What You Should Know: - WeightWatchers has entered into a definitive agreement to acquire Weekend Health, Inc., d/b/a Sequence, a subscription telehealth platform offering access to healthcare providers specializing in chronic weight management. - Sequence seamlessly integrates the patient and clinician experience for ongoing, clinical care and medication management while providing high-touch support in navigating the insurance approval process. - As part of the acquisition, WW will
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Wave Life Secures $6M to Increase Mental Health Access For Gen Z

by Fred Pennic 03/07/2023 Leave a Comment

Wave Life Secures $6M to Increase Mental Health Access For Gen Z

What You Should Know: - Wave Life, the science-backed mental health platform aimed at supporting Gen Z raises $6M in seed funding led by Santé Ventures. The seed round also included participation from Hannah Grey, Joyance Capital, Gaingels, and Telocity Ventures. - Created and led by clinical psychologist Dr. Sarah Adler, Clinical Associate Professor of Psychiatry at Stanford University, the Wave Life platform takes the best of science-backed traditional therapy and delivers it in a way
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NTT DATA Survey Reveals Lack Of Awareness Around Healthcare-At-Home Options & Preference for Telehealth

by Jasmine Pennic 03/07/2023 Leave a Comment

NTT DATA Survey Reveals Lack Of Awareness Around Healthcare-At-Home Options & Preference For Telehealth

What You Should Know: - A new NTT DATA survey reveals that 52% of U.S. adults did not know that healthcare providers are testing or working towards providing in-home medical care as opposed to requiring an in-office or hospital visit. Of those respondents, more than one out of three (35%) noted they currently would prefer to receive care in their home. - Garnering responses from 1,000 U.S.-based adults, the survey data uncovers that while the general consumer population is
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Is Education is the Catalyst to Increased Adoption of Handheld Ultrasound?

by Mustafa Hassan, Market Analyst at Signify Research 03/07/2023 Leave a Comment

Education is the Catalyst to Increased Adoption of Handheld Ultrasound

Handheld ultrasound has not yet reached mainstream adoption but the market is still forecast to reach over $500 million by 2026. Signify Research’s newly published Handheld Ultrasound Deep Dive Report 2022 shows that market revenues are estimated to have grown by approximately 30% in 2021, driven by strong growth in the US, the biggest market for handheld ultrasound. Despite the global challenges for handheld ultrasound vendors in 2022, such as rising inflation and supply chain disruptions, the
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Transcarent Acquires 98point6 AI-Powered Virtual Care Platform and Care Business

by Fred Pennic 03/06/2023 Leave a Comment

Transcarent Acquires 98point6 AI-Powered Virtual Care Platform and Care Business

What You Should Know: - Transcarent, a health and care experience company that makes it easy for people to access high-quality, affordable care announced it will acquire AI-powered virtual care platform and care business of on-demand primary care company, 98point6.  Financial details of the acquisition were not disclosed; however, insiders expect the deal to be valued at $100M. - As part of the acquisition, hundreds of 98point6 enterprise customers including Boeing, Kindercare and
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