What You Should Know:
- U.S. Centers for Medicare and Medicaid Services (CMS) launched its new Direct Contract program this month through its Primary Care initiative and VillageMD is the largest participating sponsor. VillageMD estimates it will serve more than 56,000 patients through its growing footprint of Village Medical primary care clinics, in eight states, including Arizona, Georgia, Illinois, Indiana, Kentucky, Michigan, New Hampshire and Texas.
- This new Direct Contracting
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Technology
Memora Health Raises $10.5M for Virtual Care Delivery Platform, Backed by Andreessen Horowitz
- Memora Health, a San Francisco, CA-based virtual care delivery platform led by 24-year-old Manav Sevak announced a $10.5M round of funding led by Andreessen Horowitz. Additional investors including AlleyCorp, Martin Ventures, Kevin Durant and Rich Kleiman's Thirty Five Ventures, Sachin Jain, Operator Partners, Edward Elmhurst Health, B Capital, and Aaron Szekel also participated.
- Manav was inspired to start the company as a pre-med student following doctors
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Teladoc Health Launches Unified Mental Healthcare Experience
What You Should Know:
- Teladoc Health announces the launch of myStrength Complete, an integrated mental health service providing personalized, targeted care to consumers in a single, comprehensive experience. myStrength Complete’s proprietary stepped care model is designed to seamlessly combine app-based tools and coaching expertise with Teladoc’s therapists and psychiatrists to ensure that consumers get the level of mental health support and care they need, when they need it.
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Vida Health Raises $110M to Expand Personalized Virtual Care Platform for Mental & Physical Health
What You Should Know:
- Vida Health, a personalized virtual care platform for physical and behavioral health, today announced it has raised $110M led by General Atlantic and global insurance giants Centene, and AXA Venture Partners. Returning investors include Ally Bridge Group, Yahoo founder Jerry Yang’s AME Cloud Ventures, Aspect Ventures, Canvas Ventures, Guidewell, NGP Capital, and Workday Ventures.
- Centene’s investment in Vida
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Doctor On Demand Launches Chat-Based Coaching for Subclinical Behavioral Health Needs
What You Should Know:
- Doctor On Demand announced Coaching as their newest behavioral health tool. This chat-based coaching solution is specifically designed for subclinical behavioral health needs and existing Doctor On Demand client ArcBest is the first to offer it to their employees.
- With the addition of coaching, ArcBest employees now have a solution designed specifically to build coping skills and resilience to deal with everyday stressors that’s available 24/7. Coaching offers a
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Boost Mobile Offers Free Telehealth Services Powered by K Health
What You Should Know:
- Boost Mobile, which serves millions of underinsured and uninsured customers, today announced it will become the first wireless provider to offer free telehealth services to its subscribers and their families by partnering with K Health.
- Launching in early summer, new subscribers to Boost Mobile’s Unlimited Plus plan (and their immediate families) will receive immediate access to healthcare and doctors, via K Health, straight from their Boost Mobile phone.
- K
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Amwell Integrates Biobeat’s Wearable RPM Devices with Virtual Care Platform
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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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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T-Mobile, Zyter Partner to Deliver Virtual Healthcare for Underserved Communities
What You Should Know:
- T-Mobile and Zyter are partnering to bring virtual healthcare solutions — including telehealth and remote patient monitoring and care team collaboration — to more healthcare organizations and their patients, providing access to virtual care for underserved communities.
- Under the terms of this agreement, Zyter and T-Mobile will collaborate to deliver integrated healthcare solutions to existing and potential T-Mobile customers nationwide.
- Together, the
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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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