What You Should Know:
- Alphabet’s Verily has established a new subsidiary,
Coefficient, with a mission to create value by combining innovative health
technology solutions with new insurance and payment models. Verily is the
majority shareholder and Swiss Re Corporate Solutions, an established player in
the employer stop-loss market, has a minority stake in the new company.
- Coefficient will enter a segment of insurance called
employer stop-loss. Employer stop-loss typically protects
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mobile health
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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HHS Taps Fenway Health as Pilot Site for Precision Medicine Project
What You Should Know:
- Fenway
Health has been selected as the pilot site to participate in the Advancing
Standards for Precision Medicine (ASPM) project.
- The ASPM project
is focused on how healthcare providers can systematically identify the
socio-economic factors that may impact the health of patients in order to
provide more individualized care that reflects patients’ needs.
Fenway Health, a
Boston, MA-based Federally Qualified Community Health Center (FQCHC)
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DispatchHealth Raises $135.8M to Expand On-Demand In-Home Care Model
What You Should Know
- Today DispatchHealth announced the closing of $135.8 million growth capital financing led by Optum Ventures and included participation from existing and new strategic investors.
- The additional funding enables DispatchHealth to
continue to provide in-home medical care to even more vulnerable, high-needs
patients by growing its existing 19 markets, expanding to new markets, and
launching additional services.
- Many health systems, including Renown Health and
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FCC Surpasses $100M in Approved COVID-19 Telehealth Program Applications
What You Should Know:
- FCC’s COVID-19 Telehealth Program, which was authorized by the CARES Act, has approved funding for 305 healthcare providers in 42 states plus Washington, D.C. for a total of $105M in funding.
The Federal Communications
Commission’s Wireline Competition Bureau today approved an additional 67 funding applications
for the COVID-19 Telehealth Program. Healthcare
providers in both urban and rural areas of the country will use this $16.87M in
funding to
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Cue Health Lands $100M to Scale Rapid, Portable, Point-of-Care COVID-19 Test
What You Should Know:
- Cue Health raises $100M to commercialize its portable, molecular diagnostic test capable of detecting SARS-CoV-2, the virus that causes COVID-19, in less than 25 minutes using a simple nasal swab.
- The test is part of the Cue Health Monitoring System, which is designed to be a portable device that can perform a molecular test and connect patients to a mobile health platform that features interventional components such as telemedicine
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Inovalon Launches FHIR-Based Solution for Health Plan Compliance
What You Should Know:
- Inovalon announced the availability of its Cloud-Based “Consumer Health Gateway” Module, alleviating the need for health plans to build their own Patient Access API to comply with the new requirement of the 21st Century Cures Act.
- The Consumer Health Gateway is a consumer portal allowing the FHIR®-based exchange of a patient’s claims and clinical data securely with authorized third-party applications. It consists of a robust patient consent and authentication
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2020 H1 Deep Dive on the Global Digital Health Sector Landscape Report
What You Should Know:
Global venture capital firm White Capital publishes its first series of sector reports diving into the global digital health sector focusing on virtual care, mobile health, software, and communication, while also exploring the outlook of the sector from North America, Europe, and Asia.
In Q1 of 2020, $9.8bn of new VC capital was invested in digital health globally, which is 12% more than what was invested in Q1 2019. The COVID-19 pandemic has provided an accelerated
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Scripps Launches App-Based Study Using Wearable Data to Predict Virus Outbreaks
What You Should Know:
- The Scripps Research Translational Institute launched DETECT, an app-based research study that will analyze wearable data shared by users with the goal of being able to more quickly detect fast-spreading viral illnesses, like flu and coronavirus.
- Early detection is critical for effective public health response to infectious disease outbreaks and for improving treatments. DETECT connects with smartwatches and activity trackers, including Fitbit devices,
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Babyscripts Lowers Prenatal In-Person Visits During COVID-19 Outbreak
What You Should Know:
- Babyscripts, a virtual care platform for obstetrics is helping to lower the amount of prenatal in-person visits to 4-6 appointments during the COVID-19 outbreak due to increased demand.
- The standard amount of in-person prenatal care visits is 12-14. With the help of mobile health and their remote patient monitoring platform, which connects patients directly with their providers, Babyscripts is safely transitioning prenatal care outside the clinic.
As
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