What You Should Know: - CVS Health announced the formation of CVS Health Ventures, a $100M corporate venture capital fund that will focus on companies with the potential for technology-enabled innovation and disruption in digital health care that are anchored in CVS Health's core strategy. - CVS Health Ventures will build relationships with early-stage digital health companies via investment as well as by offering expertise and insights from CVS Health's unique perspective. - To date,
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Backed by Kaiser, Osso VR Raises $14M for VR Surgical Training Platform
What You Should Know: - Osso VR raises $14M in Series A funding led by Kaiser
Permanente Ventures (KPV) to expand its virtual reality (VR) surgical training
platform. - Using immersive VR technology, Osso VR’s scalable platform offers a realistic, hands-on training environment that leads to real-world performance gains and ultimately improved patient outcomes. Osso VR, a Palo Alto, CA-based validated Virtual Reality (VR) surgical training platform, today announced it has raised $14M
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Canadian Telehealth Startup OnCall Health Lands $6M for Virtual Care Platform
What You Should Know: - OnCall Health Raises $6M Series A to Enable Virtual
Care Programs for Healthcare Brands - Funding will be used by OnCall Health to expand its
reach and build out its software that enables healthcare brands, systems, and
startups to launch and scale their telehealth operations. - OnCall enables healthcare enterprises to rapidly launch
their own virtual care platform that is highly configurable to their brand and
workflow. OnCall Health, a
Toronto, CA-based
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How the Simple Telehealth Visit Will Revolutionize Care Delivery and Disease Management
The impact of COVID-19 on the healthcare industry’s ability to innovate has been stunning. We have seen FDA emergency authorizations and relaxed regulatory guidelines enable the development of radical new ventilator ideas, accelerated timelines for vaccine development, and an extraordinary transition to telehealth services. Many of these actions were a response to the exposure of weak spots in our healthcare system, but even as those weaknesses have been shored up (in large part due to public
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3 Themes Driving Today’s State of Gender Equity at Healthcare Startups & VCs
- Latest Rock Health reports reveal the in-depth survey results of 218 men, women, and non-binary respondents working at healthcare startups and VCs to understand perceive how their organizations are actively advancing gender equity. - The report reveals we are far from gender parity and the most common initiatives to promote gender equity may not be the most effective approach. - Conversations with leaders outline five core strategies for building a workplace supportive of gender equity.Despite
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Deloitte, Amazon Web Services Partner to Create New Health Ecosystems Through Data
- Deloitte is now working with Amazon Web Services (AWS) and its new cloud-based service AWS Data Exchange to help organizations quickly and easily find, access and share data from other institutions securely.- Deloitte and AWS Data Exchange together will help organizations and researchers uncover the value created from the vast amounts of data generated throughout the healthcare ecosystem. Most of this data has been inaccessible – and if it is accessible, it’s difficult to find and obtain. -
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Massachusetts Expands Digital Health R&D Sandbox Program
- Massachusetts eHealth Institute at MassTech (MeHI) adds Brigham Digital Innovation Hub (iHub) in Boston, MIT’s Institute for Medical Engineering and Science (IMES) in Cambridge, and TechSpring at Baystate Health in Springfield, Mass. - MeHI selects startups eMotion Rx of Cambridge and Stability Health of Worcester for Inaugural Sandbox at Worcester Polytechnic InstituteThe Massachusetts eHealth Institute at MassTech (MeHI) has selected three of the Commonwealth of Massachusetts’ leading
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Privileged Only: Is Digital Health Tech A Solution for Elites?
Healthcare disruptors are betting the farm on digital health technology, and they have the funds to validate their enthusiasm. Investments in digital health startups came in at a staggering $8.1B at the end of 2018, marking an increase of 42% from 2017. While investments are slowly beginning to level out in 2019, analysts see this as a sign that the industry is maturing; not, as some thought, as a signal of pending collapse.
Health tech has been touted as the cure-all for financial
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CB Insights Unveils ‘Digital Health 150’ List of Startups Transforming Healthcare
- CB Insights unveils first-ever annual ‘Digital Health 150’ list of digital health startups working to transform the healthcare industry. - The Digital Health 150 companies span a wide spectrum of categories that involve all three key stakeholder groups for the healthcare industry — providers, payers, and patients. - A total of 17 companies on the list are unicorns (private companies valued at $1B+). Of these, 12 companies are US-based, 3 are based in China, 1 is based in France, and 1
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Q3 2019 Digital Health Funding Levels Off At $1.3B, Rock Health Reports
- New Rock Health report finds digital health funding reaches $1.3B in Q3 2019 for a total of $5.5B year to date. - Large digital health funding round are driving the overall funding trend in digital health with the average deal size at $20.9M, in line with 2018’s $21.7M average deal size. - Rock Health projects the number of digital health deals in 2019 will be 5-10% lower than in 2018.Digital health funding reached a total of $1.3B in Q3 2019 for a total of $5.5B year to date, leveling off
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