What You Should Know: - The latest edition of SVB's Healthcare Investments and Exits report provides information on VC fundraising, investments and M&A and IPO trends - along with subsector analysis and video commentary for each. - Healthcare trends indicate US healthcare VC investment was healthy in 2022 despite an economic downturn. There's plenty of dry powder to deploy; however, investments and exits are slowing due to the volatile market. Trends and Insights – Healthcare
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Mental Health
Backed by CVS Health, Array Behavioral Care Raises $25M for Virtual Psychiatry/Therapy
What You Should Know: - Array Behavioral Care, the nation’s leading virtual psychiatry and therapy practice, announced today the closing of its latest $25M equity round to further scale modern behavioral healthcare across the continuum, with CVS Health leading the round. Existing investors also joined the round and contributed additional capital. - The financing builds upon a long history between Array and CVS Health and opens doors to new levels of collaboration to expand access to
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Teladoc Health Launches Fully Integrated Whole-Person Care Experience App
What You Should Know: - Teladoc Health launches a fully integrated healthcare experience through a new comprehensive digital application enabling personalized whole-person care to individuals. - The app will enable consumers to seamlessly access Teladoc Health’s full range of services, including primary care, mental health and chronic condition management from one place and under a single portable account. - In addition, Teladoc Health’s full suite of services will be available in
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Why We Need Deflection to Reduce Overdose Deaths (and Drug Diversion) in 2023
The United States is still reeling from a devastating opioid epidemic. The Centers for Disease Control and Prevention (CDC) report that death from drug overdoses reached just under 108,000 between 2020 and 2021. That is enough to fill over four professional baseball stadiums. This staggering number of overdose deaths is due to many factors, including the sale of counterfeit medications and illegal drugs that often contain deadly doses of illicitly manufactured fentanyl and other
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NuraLogix Unveils Telehealth Platform Performing Continuous Health/Vital Signs During Video Calls
What You Should Know: - NuraLogix, global pioneers of contactless health monitoring whose technology can take over 30 medical-grade health vitals using any video-enabled device, unveils Anura™ Telehealth, a platform that performs continuous health and vital sign measurements while on a video call. - This is the latest addition to its AnuraTM platform that uses conventional video cameras to extract facial blood flow information to accurately calculate a host of medical vitals and health
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Patient Engagement Survey Reveals Current Patient Preferences for Access and Convenience
What You Should Know: - Stericycle Communication Solutions (acquired by Carenet Health in December 2022), an industry leader in patient engagement technology and solutions and a service of Stericycle, Inc. (Nasdaq: SRCL), recently announced the findings of its third annual U.S. Consumer Trends in Patient Engagement Survey, conducted by Ipsos, which surveyed 1,004 U.S. adults aged 18 and older. - The survey examined patients’ current preferences when engaging with their medical providers,
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We’re Feeling the Effects of the Nursing Shortage. Health Tech Can Help
The healthcare industry is in desperate need of nurses — and fast. Chances are this isn't news to you. You've seen the countless headlines covering the impact the pandemic has had on nurses, and how that nursing shortage has impacted employment numbers, healthcare facilities, and patient care. Nurses are burnt out. They're stressed, exhausted, and struggling to find adequate mental health support. But the pandemic isn't the only issue to blame. Experts are predicting that over 1 million RNs
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Q/A: Podimetrics CEO Talks Preventing Diabetic Amputations
Diabetes prevention is one of the biggest challenges in the healthcare industry as more than 37 million Americans (11.3% of the population) suffer from this debilitating chronic disease. As we close the year out, we sat down with Jon Bloom, MD, CEO and Co-founder of diabetic healthcare tech company Podimetrics to learn how the industry and his company are working to implement health equity change to serve patients living with advanced diabetes. The company’s FDA-cleared SmartMat provides a
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59% of Employees Would Rather Speak To An App About Their Mental Health
What You Should Know: - In October 2022, Wysa commissioned an independent survey of over 1000 American employees to get an in-depth look at the urgent state of mental health post-COVID. The results are staggering. - There are serious debilitating mental health concerns that our workforces are silently struggling with, leading to impacted individual self-confidence and self-perception about their abilities and identity at work, which further leads to perceived low self-efficacy, leading to
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Wraparound Programs – An Alternative Approach to Address the Children’s Mental Health Crisis
The mental health crisis impacting America’s children requires states, parents, guardians, and behavioral health professionals to rethink how we provide treatment. For many young people, high-fidelity wraparound programs are the answer. Even before the pandemic, mental health issues were a leading cause of disability for children. The pandemic only worsened the situation. In the fall of 2020, Challenge Success conducted a national study that found that only one-third of high school students
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