What You Should Know:
- The index of Healthcare & Life Science equities tracked by Stout was down 16.8% in Q2 2022, which was in line with the S&P 500 decline of 16.4%.
- Healthcare & Life Science M&A activity plummeted to 338 deals in Q2 2022 versus 535 in Q2 2021 and a record 565 deals in Q4 2021. The report reveals credit markets likely to tighten, but a healthy level of M&A is expected to continue in the growing and defensive healthcare sector.
Key Trends and
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home healthcare
Brave Health & MedArrive Partner to Power Virtual Mental Health
- Brave Health, a virtual-first behavioral health provider focused on serving Medicaid and Medicare populations, today announced an innovative referral partnership with MedArrive.
- Through this collaboration, if MedArrive identifies an eligible health plan member in need of mental health support, MedArrive’s field providers can immediately refer that member to Brave Health’s behavioral health providers in real time and schedule care within 72 hours. Conversely, if Brave Health identifies an
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How IoT Data Integration Helps Deliver Improved At-Home Healthcare in 2022
When it comes to your health and treatment, hospitals leverage a variety of sensors and instruments to collect the necessary information to monitor and diagnose your health status. With essential health data integrated into one platform, healthcare professionals are able to quickly and easily monitor critical care parameters, which allows them to make decisions and deliver the best possible patient care.
Comprehensive big-picture insight into various health parameters, such as a patient’s
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ObvioHealth, RedHill Biopharma Launches First in Kind Remote COVID-19 Therapy Trial
What You Should Know:
- RedHill Biopharma, a specialty biopharmaceutical company, and ObvioHealth, a global virtual research organization, have partnered on the largest remote clinical study for a new at-home COVID-19 treatment, Upamostat.
- The trial is being performed completely remotely in patients’ homes using ObvioHealth’s clinical trial ecosystem including digital devices, a patient-centric smartphone application and home healthcare visits.
- The randomized, double-blind,
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11 Best Practices of a Successful Care Model Transformation Plan
Health systems across the country will require a plan to react to government deep spending cuts and revenue shortfalls due to the COVID-19 pandemic. Hospital services have seen a significant downturn in demand in 2020, and the recent resurgence in cases has led to further decreases. The public health emergency has also resulted in innovation, most notably telehealth, which has been granted temporary pay parity during the pandemic.
Still, hospitals and health systems face a year of losses, but
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M&A: Ro Acquires On-Demand, In-Home Platform Workpath
What You Should Know:
- Ro announced it has acquired Workpath, a technology
platform that powers on-demand, in-home healthcare and diagnostics services
nationwide.
- Through this acquisition, Ro’s platform will now
uniquely bring together a patient's doctor, pharmacy, and
diagnostics/lab--offering a personalized, end-to-end experience with no
insurance required.
- Ro is also announcing a partnership with Quest
Diagnostics, which operates more than 2,200 locations nationwide, to
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While We Wait for 5G, Is Wi-Fi or Cellular Better for RPM Solutions?
Many in the healthcare industry are keeping an eye on the rollout of 5G wireless, which promises to connect people and things at higher speed and lower latency. In the healthcare realm, this means high-resolution images such as CT scans and X-rays can be taken and transmitted instantaneously to doctors. But it also means good things for lower-bandwidth applications, such as the volumes of rich data found in home healthcare applications.
One of the beneficiaries of 5G will be remote
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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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M&A: Anthem Reportedly in Negotiations to Acquire CareCentrix
What You Should Know:
- Health insurer Anthem
is in late-stage negotiations to acquire home healthcare benefits manager CareCentrix, according to PE Hub.
- PE Hub reports
that customer concentration issues have been a factor in negotiations; however,
the deal is far from certain.
- Backed by growth private equity firm Summit Partners, East Hartford, CT-based
CareCentrix provides specialty benefit management services to health plans,
improving quality and reducing costs in several
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CareAcademy Lands $9.5M for Online Training Platform for Senior Care
What You Should Know:
- CareAcademy raises $9.5 million in Series A funding to expand its online training platform for senior care professionals to deliver the highest caliber of service and improve the lives of older adults.
- Series A round signals massive market opportunity as CareAcademy seizes a greater share of online caregiver training; brings total company funding to more than $13 million.
CareAcademy, a Boston, MA-based home care & home health workforce empowerment
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