What You Should Know: - Senior companion and support platform Papa, today announced a $150M in Series D funding to extend the reach and scale of Papa’s innovative solution. With a valuation of $1.4B, this funding round, led by SoftBank Vision Fund 2 and with participation from TCG, Tiger Global Management, Canaan, Initialized Capital and Seven Seven Six, brings Papa’s total funding to $240 million. - Since its 2017
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4 Trends in Senior Care Critical for the Future of Interoperability
When America’s seniors went to their first doctor’s appointment, they couldn’t have imagined that their health history would be stored anywhere but in a manila folder. Now, nine out of every 10 physicians use electronic health records (EHRs), and patient's health data lives on cloud servers. Though we’ve certainly come a long way from handwritten notes in filing cabinets, electronic health data still often exist in silos, and that can make caring for our aging population difficult. Consider
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Rendever Awarded $2M NIH Grant to Research Impact of Virtual Reality on Aging Population
What You Should Know: - Rendever, a Boston-based virtual reality (VR) platform built to help seniors overcome social isolation through shared experiences, announces that it has been awarded a $2M Phase II Grant from the National Institute on Aging (NIA), a division of the National Institutes of Health (NIH). - This grant will fund a registered multi-site clinical trial, in conjunction with the University of California Santa Barbara, to further Rendever’s continued research on the effects
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Naborforce Raises $2M to Expand Social Engagement, On-Demand Support for Older Adults
What You Should Know: - Naborforce, a Richmond, VA-based company connecting aging adults to a network of trusted care providers for companionship and on-demand support, announced it has raised $2M in seed funding led by Claritas Capital. - Inspired by JOY to promote engaged, productive and connected aging and living, Naborforce's tech enabled platform connects aging adults to a network of “Nabors” for social engagement and on-demand support with errands, transportation and help around the
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Backed by $6M, DUOS Emerges Out of Stealth with Personal Assistant for Aging
What You Should Know: - DUOS, a digital health company, came out of stealth today backed by $6M in combined seed funding from healthcare investor Redesign Health and consumer-focused Forerunner Ventures. - DUOS provides a personal assistant for aging — a Duo — to help older adults stay healthy and age independently in their own homes. DUOS works with its members and their loved ones, along with health plans and providers, to provide holistic, personalized support. - In addition,
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Best Buy Health Launches Lively Smart for Active Aging Community
What You Should Know: - Best Buy Health today introduced its new smartphone Lively Smart that is designed to make it easier than ever for older adults to access the phone features they care most about, including one-touch access to Lively Health and Safety Services. - Users can unlock Lively Smart’s full potential with these Lively Health and Safety Services (available with a Preferred Health & Safety package): Urgent Response, which
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How Artificial Intelligence Is Making Senior Care More Human
When it comes to skilled nursing facilities (SNFs) in particular and long-term care in general, a human-centered and empathetic approach is not only necessary, it's obligatory. Putting the needs, constraints, and perspectives of patients first enhances the level of care we're able to provide. Perhaps ironically, it is the integration and adaptation of artificial intelligence (AI) that has demonstrated the biggest potential in improving empathy and compassion in the industry. It may
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2020’s Top 20 Digital Health M&A Deals Totaled $50B
Teladoc Health and Livongo Merge The combination of Teladoc Health and Livongo creates a
global leader in consumer-centered virtual care. The combined company is
positioned to execute quantified opportunities to drive revenue synergies of
$100 million by the end of the second year following the close, reaching $500
million on a run-rate basis by 2025. Price: $18.5B in value based on each share of Livongo
will be exchanged for 0.5920x shares of Teladoc Health plus cash consideration
of
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How The Internet of Things (IoT) Can Be Used to Monitor The Elderly
Shelter-in-place orders related to the COVID-19 pandemic have exaggerated the social exclusion and loneliness of many elderly and vulnerable individuals, thereby increasing their chances of experiencing critical health complications. This trend—combined with societal shifts including reduced inter-generational living, greater geographical mobility, and less cohesive communities—has placed the elderly at heightened risk of being isolated and, consequently, in harm’s way. Fortunately for senior
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Papa Launches Virtual Primary Care Platform to Support Aging Americans During The Pandemic
What You Should Know: - Papa, the popular "family on-demand" service for older adults, today announced the launch of Papa Health, a new virtual health platform aimed at improving health outcomes for the vulnerable aging population during the pandemic. - The comprehensive health management platform will include
virtual primary care, urgent care, and chronic care management - adding to
its existing services that provide older adults with companionship
and assistance with
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