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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Mental Health
Key Lessons from COVID-19 & How We Can Better Support our Healthcare Provider
COVID-19 has been a novel pandemic in many ways beyond the actual virus itself – from the irreparable impacts it’s having on society, to the immense strain it’s put on the healthcare industry. A recent report stated that 93% of healthcare professionals reported experiencing stress, 86% reported experiencing anxiety, and 76% reported exhaustion and burnout [1]. Considering that the virus will continue to have an impact in 2021 and the reality that COVID-19 will likely not be the last epidemic we
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City of Milwaukee Taps NowPow to Improve Health Equity & Outcomes
What You Should Know:
- IMPACT, a designated provider of 211 information and referral services in Southeastern Wisconsin, today announced a groundbreaking collaboration with local health systems, community organizations and NowPow to power one of the nation’s most comprehensive, community-wide systems to connect health and social care and track outcomes.
- As part of the partnership, IMPACT Connect will establish a shared digital platform for partner organizations across multiple sectors —
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98point6 Launches New Virtual Behavioral Health Offering
What You Should Know:
- 98point6 announces the launch of its new virtual behavioral health service.
- With primary care at the center, 98point6’s new single-stop virtual care solution helps ensure that every patient is fully supported in their mental health treatment journey.
- Currently available to commercial customers, 98point6 provides employers, health plans and health systems access to integrated, behavioral health care for their employees and members from a collaborative team of
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Modern Health Raises $74M Reaching $1.17B Valuation for Mental Health & Wellness Platform
What You Should Know:
- Modern Health raises an additional $74M in Series D funding, now valuing the company at $1.17 billion.
- Modern Health’s comprehensive mental health and wellness platform combines the WHO well-being assessment, self-service wellness kits, a global network of certified coaches, and licensed therapists available in 35 languages all available in a single app.
Modern Health, the mental health and wellness platform supporting 220+ enterprises globally, today
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Evaluating COVID-19’s Behavioral Health Impact on the Economy
We’re now in a new year and new presidential administration. At least three companies are producing effective COVID-19 vaccines, which are being administered to healthcare workers, teachers, and the elderly. By summer, hopefully a large majority of the population in most countries will be vaccinated. From where the world now stands, we can see an end to prolonged isolation, trauma, fear, grief, and economic torpor.
But out of the woods, we are not.
The virus mutates, perhaps
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Modern Health Acquires Mental Health Startup Kip to Expand Data-Driven Capabilities
What You Should Know:
- Modern Health acquires San Francisco-based mental health startup Kip to expand the data-driven capabilities of its mental health and wellness platform supporting 200+ enterprises globally.
- Founded in 2015, Kip connects users with qualified therapists and arms them with the tools to track observations, feedback, and outcomes about their mental health journey. By combining therapy with a mobile app that allows patients to engage with resources and maintain
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Lyra Health Raises $187M at $2.3B Valuation for Digital Mental Health Platform
What You Should Know:
- Lyra Health just announced another massive funding round of $187M, bringing its total to approximately $462 million and the valuation to approximately $2.3 billion.
- The company, which previously raised a series D round in August of $110M at a valuation slightly above $1 billion has now more than doubled in value.
- Lyra Health also announced a new partnership with global benefits company ICAS, which now allows it to provide some level of mental health parity to
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Hurdle Secures $5M for Digital Mental Health Platform for People of Color
What You Should Know:
- Washington, D.C.-based Hurdle raises $5M in seed funding to accelerate its digital mental health platform for people of color.
- Hurdle aims to provide an innovative teletherapy solution for employers and insurers; aims to remove barriers to mental health care for People of Color by rooting its services in evidence-based methods of cultural humility.
Hurdle (formerly Henry Health), a Washington, D.C.-based innovative digital mental health platform company,
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Capital BlueCross Taps NeuroFlow Support Member Mental Health
What You Should Know:
- Capital BlueCross, a health insurer serving a 21-county region in Central Pennsylvania and the Lehigh Valley by offering health insurance products, services, and technology solutions has signed a partnership with tech-enabled behavioral health company Neuro Flow.
- As part of its commitment to offering members the best
healthcare experience, Capital BlueCross has expanded its innovative
wellness resources to include a new mobile app focused on mental
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