Long gone are the days of physicians arriving at a patient’s bedside, medical bag, and stethoscope in tow. The idea of a house call is quaint, like something seen in an old movie. But during the COVID pandemic, this olden idea has received a high-tech upgrade in the form of telehealth. The Centers for Medicare and Medicaid services recently acted in the best interests of patients and health care providers by covering telehealth services through 2023. But unless Congress acts to expand coverage
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Technology
Amazon Care Expands Telehealth Services Nationwide, Expands In-Person Services in More Than 20 Cities
What You Should Know:
- Amazon Care expands its telehealth services nationwide and in-person services will be rolled out in more than 20 new cities this year. The service is already available in Seattle, Baltimore, Boston, Dallas, Austin, Los Angeles, Washington, D.C., and Arlington.
- Amazon plans to expand more than 20 additional cities—including major metropolitan areas like San Francisco, Miami, Chicago, and New York City—so customers can access care where and when they need it
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ConcertoCare Raises $105M for Value-Based At-Home Care for Seniors
What You Should Know:
- ConcertoCare, a value-based care provider of at-home care for seniors and other adults with unmet health and social needs raises $105M in Series B funding led by Wells Fargo Strategic Capital. The round also includes investments from Obvious Ventures, Vast Ventures, The Schusterman Family Foundation, SteelSky Ventures, Pennington Partners, and returning investor Deerfield Management. The funding announcement comes on the heels of ConcertoCare acquiring home-based
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Summus Global Secures $22M for Virtual Specialist Platform
What You Should Know:
- Summus Global, a NYC-based virtual specialist platform, announced today the completion of a strategic investment round of $22 million, led by Danaher Corporation’s Co-founder and Executive Committee Chairman Mitchell Rales and the Glenstone Foundation.
- The funding follows a previous Series B funding round in 2021 by Sator Grove Holdings, Summus has now raised $50 million to expand its innovative specialty care platform.
On-Demand Access to Leading Medical
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What the Crisis-Adoption of Telehealth Can Teach Tech Leaders
The pandemic disrupted many industries, but few experienced the level of change seen in healthcare. During the pandemic, the healthcare industry evolved from slowly adopting technology to implementing new technology strategies virtually overnight to continue patient care, most notably through telehealth. Moreover, during the pandemic, government deregulation helped drive a surge in virtual care, which was especially critical for patients with chronic conditions and at high risk if they were to
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The Next Evolution of Telehealth and What It Will Take to Get There
Telehealth has been majorly beneficial to millions of patients and providers throughout the pandemic. To continue being efficient and delivering results, however, virtual care must evolve quickly. Healthcare organizations will need to implement telehealth for use cases beyond the reactive video-only model they’ve grown used to during COVID. Now, there is an innate need for telehealth to encompass a broader range of conditions and contexts across the whole care continuum.
Healthcare leaders
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Swiftarc Ventures Launches $75M Telemedicine Venture Fund
What You Should Know:
- Swiftarc Ventures, an NYC-based early and growth-stage consumer and consumer health-focused venture capital firm announced it has launched a $75M telehealth-focused venture fund.
- The telehealth fund is aimed at harnessing breakthrough innovation opportunities currently emerging from key legislative changes in healthcare delivery within the United States and globally.
Investment Thesis
In the past, the three-pillared U.S. healthcare system (Patients,
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Telemedicine Platform Offers Outpatient COVID-19 Treatment
What You Should Know:
- Alpha Medical, a virtual primary care group that empowers women to take control of their healthcare by offering a medical team specifically trained for a woman’s unique needs, announces it will prescribe PAXLOVID, an investigational medication used to treat mild-to-moderate COVID-19 in adults and children 12 years of age and older, and are at high risk for progression to severe COVID-19, including hospitalization or death, under a EUA.
- Alpha Medical, whose
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CVS Health, Uber Health Collaborate to Advance Health Equity in Communities Nationwide
What You Should Know:
- CVS Health (NYSE: CVS) announced a collaboration with Uber Health, Uber's healthcare arm, to provide free transportation through a new Health Zones initiative to people who need it most when seeking access to medical care, work, or educational programs.
- CVS Health and Uber Health will help eliminate a critical barrier to care and overall well-being transportation which can limit a person's ability to receive medical care, to get to work or to job training and can
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Wheel Raises $150M to Expand White-Labeled Virtual Care Services
What You Should Know:
- Wheel, an Austin, TX-based provider of white-labeled virtual care services and support announced a $150M series C funding round, co-led by Lightspeed Venture Partners and Tiger Global, bringing its total funding to $216 million to date. The round also included participation from new investors Coatue and Salesforce Ventures along with existing investors CRV, Tusk Venture Partners and Silverton Partners.
Everything companies and clinicians need to deliver
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