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Digital Health | News, Analysis, Insights - HIT Consultant

Digital Health Funding Reaches $15.3B in 2022 Across 572 Deals, Rock Health Reports

by Syed Hamza Sohail 01/10/2023 Leave a Comment

Digital Health Funding Reaches $15.3B in 2022 Across 572 Deals, Rock Health Reports

What You Should Know: - In a downtrodden market climate, things don’t need to feel doom and gloom, according to Rock Health’s Annual 2022 digital health funding report. 2022 was a necessary reminder that investment is cyclical and that strong players build resilience in weathering funding climate changes. - Analysts expect that 2023 will be built up on slow, steady, and maybe even boring strategies for healthcare startups and enterprises alike: managing cash, restructuring to accommodate
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2022 Healthcare Investment, M&A, IPO Market Trends/Insights

by Syed Hamza Sohail 01/10/2023 Leave a Comment

2022 Healthcare Investment, M&A, IPO Market Highlights/Trends

What You Should Know: - The latest edition of SVB's Healthcare Investments and Exits report provides information on VC fundraising, investments and M&A and IPO trends - along with subsector analysis and video commentary for each. - Healthcare trends indicate US healthcare VC investment was healthy in 2022 despite an economic downturn. There's plenty of dry powder to deploy; however, investments and exits are slowing due to the volatile market. Trends and Insights – Healthcare
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Why ML Monitoring is Essential to AI Success in Healthcare

by Krishnaram Kenthapadi, Chief Scientist at Fiddler AI 01/10/2023 Leave a Comment

Why ML Monitoring is Essential to AI Success in Healthcare

Artificial intelligence (AI) adoption in the healthcare sector has grown significantly over the last decade, with no signs of slowing down. According to a 2021 report from HIMSS, 62% of clinicians are interested in using AI/ML tools.  From front-line workers to back-office staff, every stakeholder in the healthcare continuum can leverage AI technology to enhance healthcare quality. In fact, ML models are already being used to collect and analyze patient data at scale, thereby allowing
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Exec Hires: Former CVS Health Leader Joins Virgin Pulse as Chief Medical Officer

by Executive Hires 01/10/2023 Leave a Comment

Exec Hires: Former CVS Health Leader Joins Virgin Pulse as Chief Medical Officer

What You Should Know: - Virgin Pulse, a global digital-first health, wellbeing, and navigation company, announced that Jeffrey Jacques, MD, has joined the company as Chief Medical Officer. - As chief medical officer at Virgin Pulse, Dr. Jacques will advance the company’s clinical strategy, providing insight and guidance to product and commercial teams. He will also lead the company’s Science Advisory Board, which helps ensure that Virgin Pulse’s technology and the experiences it supports
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6 Executive Health Data Predictions to Watch in 2023

by Fred Pennic 01/09/2023 Leave a Comment

6 Executive Health Data Predictions to Watch in 2023

Kevin Agatstein, CEO at Kaid Health In 2023 I predict that unstructured medical data, which makes up the majority of a patient’s chart, will become too valuable to ignore by both providers and payers. Driven in part by the growth of Medicare Advantage and oncology, both of which require the data within medical notes rather than just claims and labs data, organizations will start to use their unstructured EMR data in entirely new ways. Rob Cohen, CEO at Bamboo Health In today’s
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Monogram Health Secures $375M to Expand In-Home Kidney Care

by Fred Pennic 01/09/2023 Leave a Comment

Monogram Health Secures $375M to Expand In-Home Kidney Care

What You Should Know: - Monogram Health, a Nashville, TN-based kidney disease benefit management and care delivery company announced a $375M growth funding round that will drive the company’s continued rapid expansion as the leading solution for high-quality, in-home care for polychronic patients living with chronic kidney and end-stage renal disease in the U.S. - Investors in the round include CVS Health, Cigna, Humana, Memorial Hermann Health System, SCAN, TPG Capital, Frist Cressey
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Backed by CVS Health, Array Behavioral Care Raises $25M for Virtual Psychiatry/Therapy

by Syed Hamza Sohail 01/09/2023 Leave a Comment

Array Behavioral Care

What You Should Know: - Array Behavioral Care, the nation’s leading virtual psychiatry and therapy practice, announced today the closing of its latest $25M equity round to further scale modern behavioral healthcare across the continuum, with CVS Health leading the round. Existing investors also joined the round and contributed additional capital. - The financing builds upon a long history between Array and CVS Health and opens doors to new levels of collaboration to expand access to
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Caris Life Sciences and ConcertAI Partner to Accelerate Drug Development and Novel Research

by Jasmine Pennic 01/09/2023 Leave a Comment

Caris Life Sciences and ConcertAI Partner to Accelerate Drug Development and Novel Research

What You Should Know: - Caris Life Sciences®(Caris), a molecular science, artificial intelligence (AI) and machine learning technology company actively developing and delivering innovative solutions to revolutionize healthcare, and ConcertAI, an oncology real-world evidence data and AI technology company, announced a unique partnership to align the two companies' oncology capabilities. - The strategic partnership will create one of the largest translational and clinical
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KeyCare Completes $27M Round to Expand Epic-based Virtual Care Platform

by Syed Hamza Sohail 01/09/2023 Leave a Comment

KeyCare Raises $24M for Epic-Integrated Virtual Care Platform

What You Should Know: - KeyCare, Inc., the nation’s only virtual-first care platform built with Epic, announced the completion of its Series A funding round following new investments from Ziegler and two additional health systems. This expanded backing brings KeyCare's total Series A raise to over $27 million. - These investors join 8VC, LRVHealth, Bold Capital, and Spectrum Health Ventures in support of KeyCare's mission to improve patient access, expand
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Teladoc Health Launches Fully Integrated Whole-Person Care Experience App

by Fred Pennic 01/06/2023 Leave a Comment

Teladoc Health Launches Fully Integrated Whole-Person Care Experience App

What You Should Know: - Teladoc Health launches a fully integrated healthcare experience through a new comprehensive digital application enabling personalized whole-person care to individuals. - The app will enable consumers to seamlessly access Teladoc Health’s full range of services, including primary care, mental health and chronic condition management from one place and under a single portable account. - In addition, Teladoc Health’s full suite of services will be available in
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