Roundup summary of recent digital health strategic partnerships: HealthJoy, Teladoc Health Launch Virtual Primary Care HealthJoy, a benefits navigation platform that amplifies employer benefit strategies expands its partnership with Teladoc Health to introduce virtual primary care. HealthJoy Virtual Primary Care, powered by Teladoc Health, provides a fully integrated primary care experience that supports members throughout their entire healthcare journey. The solution will further
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digital health
Analysis: Sharecare Poised for Re-Acceleration, 1Q Results
What You Should Know: On 5/10/23, BMO, Sharecare (SHCR) delivered what appear to be, good 1Q results. Revenue of $116.3M + 15.5% y/y, compares to BTIG / FactSet consensus of $111M / $110.9M and adjusted EBITDA of $2.1M compares to BTIG /consensus of $1.2M / $1.2M. 1Q revenue exceeded the guidance range of $111M- $113M.Given the top-line beat we are optimistic that revenue guidance is conservative. Management increased 2023 revenue guidance from $450-$460M to $452.5M-$460M and 2023 adjusted
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Amino Health Secures $80M for Healthcare Guidance Platform
What You Should Know: Amino Health, the leading digital healthcare guidance company, today announced $80 million in both equity and debt financing led by Transformation Capital and Oxford Finance LLC, respectively.In the face of declining digital health investment, this funding underscores the success of Amino Health's proven model and enables the company to scale its technology and continue its strong growth trajectory. Funding to Lead to Broadening of Amino
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Apple Watch, Wearables Can Monitor & Access Psychological States
What You Should Know: Researchers at the Icahn School of Medicine at Mount Sinai found that applying machine learning models to data collected passively from wearable devices can identify a patient's degree of resilience and well-being. The study, published in JAMIA Open, supports the use of wearable devices, such as the Apple Watch, to monitor and assess psychological states remotely.The researchers note that mental health disorders account for 13 percent of the burden of global disease and
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Q/A: CalmWave CEO Talks Leveraging AI to Reduce Alarm Fatigue
What You Should Know: Healthcare providers face the difficult challenge of coping with an ever-increasing workload while still providing high-quality patient care and trying to retain their staff. As the CEO of CalmWave, Inc., Ophir Ronen is an expert in both patient outcomes and staff retention who understands the importance of leveraging AI technologies to reduce alarm fatigue and deliver more efficient quiet care. Delivering Efficient Care by Reducing Alarm Fatigue Alarm fatigue is
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Recent Digital Health Strategic Partnerships Roundup: Unite Us, careMESH, CareCloud, Others
St. Joseph’s Health Enhances Provider Communications with careMESH’s Healthcare Directory and User-Friendly Messaging Services New Jersey-based St. Joseph’s Health partners with careMESH to significantly expand the health system’s clinical communications reach to all community physicians, including digital access to electronic medical records. Using careMESH, St. Joseph’s will focus on several key areas, including: Streamlining external communications with community physiciansReducing
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Elevating Workplace Safety to Combat Healthcare Violence Against Workers
The healthcare workforce is in crisis. From devastating staffing shortages to unmanageable levels of stress and burnout, today’s healthcare workers are desperate for some relief. Unfortunately, exacerbating these already significant challenges is an increasing rate of workplace violence in healthcare. According to the results of a study published recently in the American Journal of Preventive Medicine, about one-third of public healthcare workers have experienced at least one incident
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CareSource Invests $1M in Virtual Rehab Augment Therapy
What You Should Know: CareSource, a nonprofit managed care organization, today announced a $1M investment in Augment Therapy, a digital health company enhancing rehabilitative healthcare and exercise through immersive and gamified technology.The investment builds on CareSource and Augment Therapy’s pilot program at four locations in Ohio to research and showcase how access to Augment Therapy encourages children, and adults of all ages to exercise more and to get the most out of physical
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Expectations For The Connected Care Business In The Years Ahead
Though we seldom see their use in our modern world and, even then, only in fiction, there was a time when it was common for people to actually use things like crystal balls and divining rods to try to uncover unknown yet valuable information. As unbelievable as it may seem, soothsayers peered into crystal balls aiming to help seekers look into the future for guidance, while prospectors would rely earnestly on divining rods as they attempted to locate underground riches of water or oil. While
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How Digital Transformation is Accelerating Healthcare and the Impact on Hospitals in the Future
The pandemic has accelerated the adoption of digital health technologies across the healthcare industry. Digital transformation is now the top priority for many healthcare leaders as they seek to build resilient systems. At its core, this means implementing emerging digital technologies to modify essential operations, processes, and services to ease staff workload and withstand future challenges. The primary drivers of digital transformation are consumerism, cost, and experience/expectations,
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