– Healthcare Growth Partners’ (HGP) summary of Health IT/digital health mergers & acquisition (M&A) activity, and public company performance during the month of August 2020.
M&A is back and the velocity of the rebound has outpaced all expectations. The recovery quickly worked its way across the spectrum from large to small-cap, beginning with the larger cap NASDAQ rally of nearly 80% from lows in late March (only to soften in recent days), followed by multi-billion
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TruePill Raises $75M to Launch At-Home Lab Testing Network
What You Should Know:
- Truepill raises $75 million in Series C funding To expand platform services and launch an at-home lab diagnostics network.
- The company plans to use the funds to expand Truepill’s ecosystem of direct-to-patient capabilities, which includes the Truepill Health telehealth network, pharmacy fulfillment, a custom-built EMR, and more.
Truepill, a San Mateo, CA-based building world-class patient experiences through its API-connected healthcare infrastructure,
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Report: Modern Revenue Integrity Solutions Driving Payment Performance
What You Should Know:
- New Chilmark Research report on revenue integrity
in healthcare reveals a transitional market making strides to address the new
burdens of modern care economics.
- The ongoing COVID-19 public health emergency underscores
the imperative need for automation and reduced administrative costs even
clearer.
Revenue cycle
has and continues to be one of the most difficult challenges in healthcare.
These issues manifest in the claims process of submission,
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Lumeon Lands $30M to Expand Care Pathway Management Platform
What You Should Know:
- Lumeon, the leader in care pathway orchestration
announced it has raised $30M in Series D funding to extend the reach of its
Care Pathway Management (CPM) platform.
- The platform empowers providers to improve care
quality, deliver better outcomes, reduce costs, and ultimately develop and
scale new models of care delivery – particularly important right now as
COVID-19 accelerates the technology-driven transformation of healthcare.
Lumeon, a Boston,
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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
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Ginger Lands $50M to Expand On-Demand Mental Health Support Platform
What You Should Know:
- Ginger announces $50 Million in Series D funding to expand
access to its on-demand mental healthcare system led by Advance Venture
Partners and Bessemer Venture Partners; joined by Cigna Ventures and existing
investors.
- Company has more than tripled revenue over the past year, now brings access to on-demand mental healthcare to millions around the world through 200+ employer clients and leading health plans.
Ginger, a San Francisco, CA-based provider of
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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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Somatus Lands $64M to Expand Value-Based Kidney Care Model
What You Should Know:
- Somatus raises $64M in Series C funding led by Longitudinal
Capital to fuel the expansion of its value-based kidney care model.
- Somatus will use the funding to continue to scale its
model nationally and invest in technology and product development to better
support patients and health plan partners.
Somatus, a McLean, VA-based provider of value-based kidney care, today announced it has completed a Series C funding round of $64 million led by Longitude
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Kaia Health Lands $26M to Expand AI-Driven Digital Therapeutics for MSK Conditions & COPD
What You Should Know:
- Digital therapeutics company Kaia Health raises $26M in
Series B funding to help grow its digital therapy solutions for musculoskeletal
(MSK) conditions, and expand into new conditions.
- The investment was led by Optum Ventures, Idinvest and
capital300, plus participation from Balderton Capital, Heartcore Capital and
Symphony Ventures, an investment partnership with world #1 golfer Rory McIlroy.
- Kaia Health’s smartphone-based
approach to managing chronic
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KLAS: COVID-19 Guide to Telehealth Virtual Care & Remote Care Platforms
What You Should Know:
- New KLAS telehealth reports aims to aims to provide high-level COVID-19 guidance helpful to healthcare organizations on the virtual care and remote care platform vendor landscape.
- Includes high-level overviews of validated vendors’ current customer satisfaction, key questions to consider in building a strategy, and a consolidated view of KLAS’ previously published telehealth reports.
Telehealth
adoption in healthcare until recently had been increasing at a
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