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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HealthQuest Capital Closes $675M for Fund IV to Invest in Transformational Healthcare Companies
What You Should Know: - HealthQuest Capital, a sector specialist capital firm focused on companies optimizing value in healthcare, today announced the close of HealthQuest Partners IV, L.P., at its hard cap of $675M . - The oversubscribed fund will enable HealthQuest to continue to invest in growth-stage companies that are revolutionizing the healthcare industry. Providing Growth Capital to Companies Transforming Healthcare Founded in 2013 by Garheng Kong, a physician, scientist, and
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Delivering Patient-Centered Care Means Decluttering the Digital Health Landscape
Digital health companies (DHCs) and their solutions continue to grow at a rapid pace. This is in part being fueled by the record funding for DHCs, with over $29 billion for US-based companies in 2021 alone. As a result, patients are inundated with solutions from every direction – from employers, health plans, and directly through consumer-oriented apps and wearables. Physicians are also getting into the mix by directly prescribing digital therapeutics. On the surface, the blossoming of the
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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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How Can We Reduce Clinician Burnout? Improving Patient and Caregiver Engagement
Even as we (hopefully) approach the tail-end of the latest COVID-19 wave, one growing healthcare challenge continues to worsen: clinician burnout. Nurses, physicians, schedulers, and other members of care-provider teams continue to post rising rates of burnout. They’re feeling overwhelmed and underappreciated due to factors such as hectic workplaces and schedules, extended workloads, and excessive administrative tasks. This is an alarming trend that the entire healthcare industry needs to be
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Bon Secours Mercy Health Launches Digital Holding Company Accrete Health Partners
What You Should Know: - Bon Secours Mercy Health (BSMH) today announced the launch of Accrete Health Partners, a digital holding company, that will function to further expand the organization's digital health services as well as new and ongoing programs and partnerships. - New digital holding company will coalesce a continuum of leading solutions and services to connect the technology, data and people needed to streamline healthcare and ultimately help improve
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Intermountain Partners with VC Firm General Catalyst on Innovation
What You Should Know: - Intermountain Healthcare announced a strategic partnership with digital health venture capital firm General Catalyst that will involve jointly exploring opportunities to accelerate the shift to value-based care through digital and other solutions. - As part of the collaboration, Intermountain and General Catalyst will leverage the Health Assurance Network, which is a group of tech innovation companies within General Catalyst’s investment portfolio that are dedicated
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Handspring Launches with $6.2M to Solve Mental Health Access for Kids
What You Should Know: Handspring , a Newark, NJ-based startup building a vertically-integrated and omnichannel behavioral health center for children and families that includes both virtual care and modern clinics. Today, the company has announced its official launch in New Jersey to provide quality care to more families and children. Handspring has closed a $6.2M seed round to further its mission of making quality mental healthcare accessible to all families was co-led by Newark
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Raising Clinical Outcomes and Engagement Through Healthcare Equity: What Health Plans Need to Know
Structural racism and poverty are correlated with a higher incidence of obesity among Black Americans (49%). Social drivers of health, which impact a disproportionate number of non-white Americans who live below the poverty line, account for as much as 90% of individuals’ health outcomes. These are just two examples of data that highlight the need for equity. Health plans are well-aware that shifting this dynamic and boosting clinical outcomes is possible through better,
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Luma Health & Change Healthcare Partner to Develop Solutions to Optimize Patient Journeys
What You Should Know: - Luma Health, a digital health company streamlining patient-provider communications announced a strategic partnership with Change Healthcare, a healthcare technology company that provides the connection and data transfer between providers, payers, and consumers. - The two companies will develop solutions to meet health systems' demand for streamlined and unified clinical, operational, and financial journeys. Develop Solutions to Unify All Journeys -Clinical,
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