Throughout the pandemic, digital health companies have seen significant growth, with one study finding that U.S.-based digital health startups surpassed $29 billion in 2021, almost twice the funding seen in 2020. When done correctly, the use of these digital innovations can help people reduce the burden of dealing with mental health challenges by providing accessible, affordable, and timely care to users. As digital mental health interventions (DMHI) continue to battle it out for a leading spot
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HLTH22 Day 1 News Summary: Google, Maven, Highmark, LG, Others
Venture Capital, Private Equity Funding Maven Clinic Secures $90M to Advance End-to-End Family Care Platform Maven Clinic, the largest virtual clinic in women’s and family health raises $90 million Series E funding bringing its total funding to $300M. Maven plans to use the latest round of funding to advance its end-to-end family care platform to enable deeper personalization to meet the diverse needs of women and families everywhere. Curavit Raises $5M for Digital Therapeutics
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HLTH22: LG Launches Virtual Care Solution with Amwell to Address Hospital Workforce Shortages
What You Should Know: - Global innovator LG Electronics announced its first joint solution with digital healthcare enablement leader Amwell®, designed to expand the boundaries of digital health innovation and address a major issue faced by hospitals across the country – workforce shortages. - Showcased at HLTH 2022, a Carepoint™ TV Kit, by LG and powered by the Amwell Converge™ platform, leverages existing LG healthcare TVs in patient rooms to allow providers to remotely engage,
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Indegene Partners with Amwell to Customized Digital Patient Engagement
What You Should Know: - Indegene, a technology-led healthcare solutions provider, today announced a partnership with Amwell to facilitate life sciences organizations to connect patients to better quality care and drive better health outcomes. - This partnership will facilitate Indegene to enable life sciences organizations to drive virtual care automation and patient companionship to advance longitudinal care, behavioral health, and other specialty and chronic care segments. It will help
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Hospital Telehealth Vendor Financials Round Up – Teladoc Health, Amwell & SOC Telemed
Several hospital telehealth vendors enjoyed great success in 2020 as they benefitted from unprecedented demand for their IT and services during the pandemic. But as lockdown restrictions were lifted and the strain on hospitals’ in-house capacity across the ICU and other acute care wards eased into the second half of 2021, were the vendors able to maintain their growth? With full-year results from several of the leading hospital telehealth vendors now published, here’s our take on the recently
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Amwell Launches Comprehensive Behavioral Health Program
What You Should Know: - Digital care delivery company Amwell launches Amwell Comprehensive Behavioral Health Program, an evidence-based, comprehensive and scalable behavioral health solution that can be tailored to meet specific population needs across the full spectrum of care. - Designed to address the growing mental health crisis, the Amwell program enables payers and providers to deliver integrated solutions including virtual therapy and psychiatry, coaching, and digital mental health
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Analysis: Seeking Balance in the Hyperactive Mental Health Tech Market
The prevalence of mental and behavioral health conditions has been on the rise in recent decades, further aggravated by the pandemic in the last two years. Social isolation, grief from the loss of loved ones, fear of contracting the virus, and financial worries were all major stress factors that increasingly affected the mental wellbeing of the population, and the resulting statistics are startling: the average share of adults with symptoms of anxiety or depressive disorders jumped from 1
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LG and Amwell Partner Co-Develop Digital Health Service Solutions
What You Should Know: - LG announced its partnership to Amwell to expand the boundaries of virtual care. By combining LG's broad innovation portfolio with Amwell's deep digital health care experience, the two companies plan to jointly develop new device-based service solutions designed to make it easier for patients to access care, whether in a hospital or at home. - This new alliance represents a key part of LG's strategic vision for creating new products and services for the next
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Amwell Acquires Conversa Health & SilverCloud Health for $320M– M&A
What You Should Know: - Amwell®, a telehealth leader, today announced that it has signed definitive agreements to acquire SilverCloud Health, a leading digital mental health platform, and Conversa Health, a leader in automated virtual healthcare. - The deals have a combined aggregate purchase price of $320 million, and the acquisitions will allow Amwell to accelerate its work to redefine the practice of medicine and always-on healthcare companionship. - By adding the technology of
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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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