What You Should Know: - A new "State of Virtual Care" report by Omada Health and Digital Medicine Society, in collaboration with Rock Health, reveals that buyers today are inundated with vendors labeling themselves “virtual care providers,” regardless of the care model they’re selling. This phenomenon is blurring their perception of V1C’s potential impact, and what that means for improvements in healthcare delivery and outcomes. - V1C solutions like Omada Health are changing the market,
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FemTech Startup Conceive Raises $3.7M for Outcomes-Oriented Fertility Solution
What You Should Know: - Conceive, a New York City-based femtech startup on a mission to transform fertility, today that the public beta of its integrated solution is now live. - The company's launch is fueled by a $3.7M seed round led by Kindred Ventures, with participation from Founder Collective, Great Oaks, and 40+ founders and angels. The majority female and 42% BIPOC cap table includes the founders of Natalist, Tia, Forward, Cityblock, Pillpack, Dia&Co, along with the deep
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Q1 2022 Digital Health Funding Reaches $6B Across 183 Deals
What You Should Know: - Rock Health report reveals Q1 2022 digital health funding closed with $6.0B across 183 deals, and an average deal size of $32.8M. - Q1 2022 digital health funding was significantly behind Q4 2021’s $7.3B and the trailing twelve month quarterly average of $7.1B. Digital health funding reached a total of $6B in Q1 2022 across 183 deals, and an average deal size of $32.8M, according to Rock Health, a full-service venture fund
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Omada Health Raises $192M to Expand Digital Therapeutics for Chronic Disease
What You Should Know: - Omada Health, a chronic care integrated healthcare provider, today announced its $192M in Series E funding round led by Fidelity Management & Research Company with participation from aMoon, existing investors Perceptive Advisors, Wellington Management, Civilization Ventures, and others. - Omada Health will utilize the funding to accelerate hiring at all levels to meet growing customer demands, a technological roadmap for care and coaching personalization to
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Omada Becomes First NCQA-Accredited Virtual Provider
What You Should Know: - Omada Health’s Type 2 Diabetes and Type 2 Diabetes+Hypertension programs have been awarded the National Committee for Quality Assurance’s (NCQA) Population Health Program (PHP) Accreditation, becoming the first fully-virtual healthcare provider to earn this accreditation. - This certification marks a significant milestone in Omada’s ongoing commitment to transforming chronic care treatment through behavior science. - At the crest of the digital health wave of
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Human API CEO Talks Data Privacy Concerns in Employee Wellness Programs
A recent BBC article discusses the rise in employee health
tracking via wearable devices and highlights a number of concerns around data
privacy. To try and prevent health tracking schemes from crossing ethical
lines, and eroding trust between employee and employer, some industry figures
believe that organizations need to work with third-party vendors who specialize
in managing wellbeing data. These vendors would hold the data independently
under strict privacy rules, and work with employees
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Digital Diabetes Market to Reach $1.5B by 2024, Research Finds
What You Should Know: - The digital diabetes market is on track to reach $1.5
billion dollars by 2024, according to a new report by Research2Guidance. - The confident growth of digital diabetes care will be driven by the growth of the global addressable market for digital diabetes services. Between 2019 and 2024, the number of diagnosed diabetics with access to smart devices is set to increase from 109 million to 180 million. - Digital diabetes solutions have disrupted the
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Intermountain Adds Omada’s Diabetes Prevention Program to At-Risk Patients
What You Should Know: - Omada’s diabetes prevention program will be available
to Intermountain’s at-risk patient population as part of a limited engagement
in 2020 and 2021. - Omada’s diabetes prevention program is personalized to
meet each participant’s unique needs as they evolve, ranging from diabetes
prevention, type 2 diabetes management, hypertension, behavioral health, and
musculoskeletal issues. Deepening a collaboration that began in 2016, Omada
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Human API Raises $20M+ to Scale User-Controlled Health Data Ecosystem
What You Should Know: - Human API, the consumer-controlled health data platform
announced it has closed a Series C round of $20M+ this week. - Human API’s consumer-controlled platform gives users a
streamlined means of accessing and sharing their personal health records with
physicians, trusted startups and enterprises, and insurers. - The platform harnesses a machine learning-powered data pipeline
that structures health data into a consistent format, making it easier for
medical
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Cigna’s Evernorth Expands Digital Health Formulary with Addition of Omada MSK by Physera
What You Should Know: - Cigna Corporation’s health services segment, Evernorth expands
its digital health formulary with the addition of Omada MSK by Physera. - Omada MSK by Physera joins Omada’s existing formulary
programs for diabetes prevention, type 2 diabetes, and hypertension. Cigna Corporation’s health
services segment Evernorth today announced
the expansion of its industry-first Digital Health Formulary,
adding Omada Health’s program for at-home physical therapy and
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