What You Should Know:
- Ready, a company described as the “Uber” of on-demand health
service, just raised $54 million in its Series C funding round.
- Ready’s on-demand care model is evolving the healthcare
industry with customer service and mobility, just like Uber did for ride
sharing and Postmates for food delivery.
Ready, an New Orleans,
LA-based on-demand healthcare service, today announced that it closed $54
million of new funding to finance the expansion of its operations and
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Mental Health
Canadian Telehealth Startup OnCall Health Lands $6M for Virtual Care Platform
What You Should Know:
- OnCall Health Raises $6M Series A to Enable Virtual
Care Programs for Healthcare Brands
- Funding will be used by OnCall Health to expand its
reach and build out its software that enables healthcare brands, systems, and
startups to launch and scale their telehealth operations.
- OnCall enables healthcare enterprises to rapidly launch
their own virtual care platform that is highly configurable to their brand and
workflow.
OnCall Health, a
Toronto, CA-based
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Lifespeak Lands $42M for Digital Mental Health and Wellness Platform
What You Should Know:
- Toronto-based digital mental health and wellness
platform, LifeSpeak raises $42M CAD in minority equity investment to accelerate
its global growth trajectory.
- The platform, offered remotely to employees and health plan members, covers topics such as preventative health, mental health (including depression, anxiety, addiction, isolation, suicide, etc.), marital and relationship advice, parenting, and eldercare.
LifeSpeak Inc., a Toronto, ON-based
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How the Simple Telehealth Visit Will Revolutionize Care Delivery and Disease Management
The impact of COVID-19 on the healthcare industry’s ability to innovate has been stunning. We have seen FDA emergency authorizations and relaxed regulatory guidelines enable the development of radical new ventilator ideas, accelerated timelines for vaccine development, and an extraordinary transition to telehealth services. Many of these actions were a response to the exposure of weak spots in our healthcare system, but even as those weaknesses have been shored up (in large part due to public
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FCC, HHS, and USDA Team Up for Rural Telehealth Initiative Task Force
What You Should Know:
- Agencies sign a memorandum of understanding to establish an interagency Rural Telehealth Initiative Task Force comprised of representatives from each agency to keep rural Americans connected to vital health services.
The Federal Communications Commission
(FCC), U.S. Department of Health and Human
Services (HHS), and U.S. Department of
Agriculture (USDA) today announced that they have signed a Memorandum
of Understanding to work together on the Rural Telehealth
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Catapult Health Launches VirtualCheckup to Deliver Clinical Preventative Care
What You Should Know:
- Catapult Health, today announced the release of VirtualCheckup to bring annual checkups to nearly any location – combining telehealth, clinic diagnostics, COVID-19, and depression screenings to address the health concerns of today – perfect for remote employees and partners, and covered by most commercial plans.
- Prior to each visit, participants will be mailed a
VirtualCheckup home kit that contains a blood pressure monitor, a
next-generation finger stick blood
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New Voice-Based App Enables Behavioral Health Measurement Anytime, Anywhere
What You Should Know:
- Ellipsis Health launches new voice-based Rising
Higher app, enabling behavioral health measurement anytime, anywhere.
- The
HIPAA-compliant platform facilitates longitudinal visibility into behavioral health symptoms
for enhanced clinical decision support.
Ellipsis Health,
pioneer of the first commercial-grade voice-based vital signs to
quantify and manage depression and anxiety symptoms at scale, has announced
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Lyra Health Reaches $1.1B Valuation After $110M Series D to Meet Demand for Teletherapy
What You Should Know:
- Mental health benefits provider Lyra Health raises $110M
in Series D funding, bringing its valuation to $1.1 billion.
- Lyra has grown significantly in 2020. So far this year,
the company has added more than 800,000 new members to the population eligible
to receive Lyra benefits, bringing its total member population to more than 1.5
million.
- Amid, the COVID-19 pandemic, Lyra is focused on
expanding its enhanced teletherapy offering — Lyra Blended Care —
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The Coronavirus Crisis’ Silent Death Toll: Chronically Ill Patients
The impact of the coronavirus crisis is shining a bright light on many of the challenges facing the U.S. healthcare system.
So much more than a lack of primary care physicians and hospital beds, the all-hands-on-deck approach to combating the spread of COVID-19 has forced patients fearful of engaging with the healthcare system for needs unrelated to the virus to put elective procedures, routine care and timely treatment for chronic or critical conditions on the back burner.
Compounding
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Why International Expansion Must Remain a Priority for Cerner, Epic, Allscripts, MEDITECH
What You Should Know:
- How the top US acute EHR vendors, namely Cerner, Epic, Allscripts, and MEDITECH (+85% share of US acute market in terms of revenues), have progressed on international expansion.
As highlighted below, there is a significant variance amongst the big four in terms of revenue and share of business outside the US. Cerner has by far the highest revenue at more than $650M in 2019, representing 12% of its business. Whilst MEDITECH has considerably lower revenue than
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