What You Should Know: - Greater Good Health, the company redefining value-based care through the first primary care model centered around nurse practitioners (NPs) raises $10 million funding round led by LRVHealth, with participation from Martin Ventures, Health Velocity Capital and more. - Committed to providing NPs with the tools they need to be successful, Greater Good Health offers access to a network of peers, training and development content and personal wellness experiences. The
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Analysis: Seeking Balance in the Hyperactive Mental Health Tech Market
The prevalence of mental and behavioral health conditions has been on the rise in recent decades, further aggravated by the pandemic in the last two years. Social isolation, grief from the loss of loved ones, fear of contracting the virus, and financial worries were all major stress factors that increasingly affected the mental wellbeing of the population, and the resulting statistics are startling: the average share of adults with symptoms of anxiety or depressive disorders jumped from 1
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DUOS Secures $15M for Senior Assistance Platform for Older Adults
What You Should Know: - DUOS, a digital health company on a mission to increase the longevity and independence of older adults, announced today a $15 million Series A funding led by Imaginary Ventures, along with participation from existing investors Forerunner Ventures, Declaration Partners, and new investor Optum Ventures. - DUOS focuses on members' social needs and maximizes their independence by building long-term, high trust 1:1 relationships, coordinating community resources, and
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UHG’s Optum Acquires Home Health Business LHC Group for $5.4B
What You Should Know: - UnitedHealth Group subsidiary Optum has agreed to acquire LHC Group, a national patient-focused provider of high-quality in-home health care services for $5.4 billion ($170 per share). - The acquisition will further strengthen their shared ability to advance value-based care, especially in the comfort of a patient’s own home. Extend Value-Based Care into Patients’ Homes The combination of LHC Group with Optum Health, which works
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Ease of Access: Applying the “911” Principle Across Healthcare
The fastest way to access healthcare in the United States isn’t through a primary care physician or urgent care or orchestrated referrals processes. It comes through three taps of a button: Nine, one, and one. Dialing 911 during a medical emergency is a straightforward process: Callers are routed to the correct dispatcher, resources are deployed quickly and effectively, and patients are transported to the correct facility to receive care. Through three simple numbers, you are whisked
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Flume Health Secures $30M for Health Plan Administration Platform
What You Should Know: - Flume Health, an NYC-based Health-Plan-as-a-Service platform announced today a $30M round of Series A funding led by Optum Ventures with participation from Cigna Ventures is participating, bringing its total raise to date at $40M. - Flume gives all U.S. health insurers the option to build personalized healthcare plans–what Stripe or Plaid did for digital banking is what Flume is doing for digital health. Launch Next Generation Health Plans in
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Lynx Launches with $17.5M for API-Connected Healthcare Payments
What You Should Know: - Lynx, a Boston-based API-connected healthcare payments, banking, and e-commerce platform announced today that it has emerged from stealth with $17.5M in equity financing led by Obvious Ventures and .406 Ventures with participation from Frist Cressey Ventures. Other investors include Winter Street Ventures (an investment subsidiary of Commonwealth Care Alliance), Shields Capital, and Huntington Avenue Ventures. - Lynx’s goal is to introduce modern fintech to
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Equip Raises $58M for Virtual, Evidence-Based Eating Disorder Treatment
What You Should Know: Equip, a provider of virtual, evidence-based eating disorder treatment in the U.S., today announced a $58M Series B funding round, bringing the company’s total funding to $75M. The Series B round was led by The Chernin Group (TCG), an early investor in Headspace and was joined by Tiger Global and General Catalyst, as well as existing investors F-Prime Capital, Optum Ventures, and .406 Ventures. Katie Couric Media invested alongside American soccer champion Alex Morgan
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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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UnitedHealth Group Acquires Change Healthcare to Combine with OptumInsight for $13B
What You Should Know: - UnitedHealth Group has reached an agreement to acquire
Change Healthcare in a deal valued at more than $13 billion, marking the first
major acquisition of 2021. - Change Healthcare will be combined with OptumInsight to
advance a more modern, information, and technology-enabled healthcare platform. UnitedHealth Group’s
has reached an agreement to acquire
healthcare technology leader Change
Healthcare for more than $13B. As part of the acquisition,
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