The first quarter of 2021 has been one of investor optimism as the vaccine rollout continues ahead of expectations and economic activity begins to accelerate in response. Within the Health IT industry, the already strong investment and M&A trends seen in 2020 have only accelerated. Over the course of the quarter, we observed $7 billion in private equity and venture capital investment across 158 companies. By comparison, Q1 of 2020 saw $3.2 billion and 127 investments. Health IT
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Grand Rounds Merges with Doctor on Demand to Create New Virtual Care Company
What You Should Know: - Grand Rounds, a leader in healthcare quality and clinical navigation, and Doctor on Demand, the nation’s leading virtual care provider, announced their merger agreement, creating a first-of-its-kind integrated virtual care company. - These two premier platforms will offer a patient and provider experience unmatched elsewhere, providing a full suite of digital and interactive solutions to help people address the $300 billion problem of uncoordinated care in the
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Powered by Doctor on Demand, ArcBest Rolls Out Virtual Primary Care Health Plan to its 13k Employees
What You Should Know: - Publicly traded logistics company ArcBest announced its
deal with Doctor On Demand to introduce its virtual-first health plan to its
13,000 employees, who are largely "essential workers" as long-haul
truckers. - Employees appreciated the convenience and safety of 24/7 virtual care – from their homes, from the road – and ArcBest is now doubling down on virtual care for 2021 – and offering a holistic, virtual-first primary care health plan – one where patients see
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CareLinx, Doctor On Demand Partner to Bring In-Home Virtual Care to Seniors
What You Should Know: - Doctor On Demand and CareLinx, one of the largest professional networks for in-home care, have announced a collaboration to bring in-home virtual care services to CareLinx clients. - At a time when seniors have been encouraged to stay home to avoid exposure to COVID, Doctor On Demand’s partnership with CareLinx will vastly improve their opportunity to receive comprehensive healthcare while remaining safe. After being the first and only
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Priority Health Launches Telehealth PCP Plans for Members in Michigan
What You Should Know: - Priority Health launches its virtual-first coverage
option with MyPriority Telehealth PCP plans, using top platform Doctor On
Demand. - Members who choose one of the MyPriority Telehealth PCP
plans will have a doctor assigned as their primary care physician (PCP) through
Doctor on Demand and all visits will take place virtually. Priority
Health announced the launch of their new MyPriority Telehealth PCP plans
that will go into effect on January 1, 2021. The
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Amwell and Cigna Ranks High in Telehealth Patient Satisfaction, J.D. Power Finds
What You Should Know: - Amwell ranks highest among direct to consumer brands
and Cigna ranks highest among health plans for telehealth patient satisfaction,
according to the J.D. Power 2020 U.S. Telehealth Satisfaction Study - Though telehealth has been pitched as a solution to
improve access to healthcare for everyone, more than half (52%) of telehealth
users say they encountered at least one barrier that made it difficult to use
telehealth. Patient satisfaction with
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Analysis: July Health IT M&A Activity; Public Company Performance
– Healthcare Growth Partners’ (HGP) summary of Health IT/digital health mergers & acquisition (M&A) activity, and public company performance during the month of July 2020. While a pandemic ravages the country, technology valuations are soaring. The Nasdaq hit an all-time high during the month of July, sailing through the 10,000 mark to post YTD gains of nearly 20%, representing a 56% increase off the low water mark on March 23. More notably, the Nasdaq has outperformed
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Virtually or In-Person, Automation Improves The Healthcare Experience
The COVID-19 pandemic has caused an unprecedented shift in the way consumers view and access a variety of goods and services—and healthcare is no exception. Recent studies show that many patients, including vulnerable populations like those living with cancer, are delaying recommended care and procedures—and will continue to do so for at least several months amid fears over the safety of in-person visits. In response, reports of providers adapting to offer care virtually are all the more
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Doctor On Demand Raises $75M to Expand Comprehensive Virtual Care Platform
What You Should Know - Doctor On Demand raises $75M in Series D
funding led by General Atlantic to expand comprehensive virtual care. - Doctor On Demand is seeing record usage
this year – up 139% - for COVID-19 screenings, routine health issues, chronic
conditions and behavioral health. San Francisco, CA-based Doctor On Demand, today announced it
has raised $75 million in Series D funding led by General Atlantic, a leading
global growth equity firm,
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Digital Strategies Health IT Must Prioritize During COVID-19
COVID-19 is introducing new weaknesses to an already strained healthcare system. As healthcare providers battle an increasing influx of patients and dwindling inventory – including critical personal protective equipment (PPE) supplies like masks, ventilators, and hospital beds – they are relying more heavily on their digital tools and applications than ever before. This is an unprecedented opportunity for health IT professionals to contribute their skills and ingenuity to the COVID-19 fight.
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