What You Should Know: Bicycle Health, a Boston, MA-based provider of virtual opioid addiction treatment raises $50M in Series B funding led by InterAlpen Partners, bringing the company’s total funds raised to $83 million. Other participants in the round include existing investors Questa Capital, Frist Cressey Ventures, and City Light Capital. Evidence-based, online suboxone treatment for opioid addiction Founded in 2017, Bicycle Health provides confidential, convenient and
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Social Determinants of Health (SDOH) | News, Analysis, Insights - HIT Consultant
Rural Provider Homeward Forms In-Market Partnership with Rite Aid to Support Seniors in Underserved Communities
What You Should Know: - Homeward, the comprehensive rural care provider network launched by former Livongo titan, Dr. Jenny Schneider, has announced a partnership with Rite Aid to deliver onsite care to rural Americans, starting with Medicare. - Homeward’s work with Rite Aid will also support the pharmacy retailer’s recently announced plans to double-down on pharmacy services, with increased focus on expansion in underserved communities. This is also Rite Aid’s first push to bring real
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CareMax Acquires Steward Health’s Medicare Value-Based Care Business for $25M
What You Should Know: - CareMax, a tech-enabled provider of value-based care to seniors announced an agreement to acquire the Medicare value-based care business of Steward Health Care System for a combination of cash and stock. - CareMax will pay $25 million in cash and issue 23.5 million shares of CareMax’s Class A common stock to the equity holders of Steward at closing, subject to customary adjustments. In addition, CareMax will fund a Medicare receivable to Steward covering accounts
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Lightbeam Health Acquires Jvion AI and SDOH Solutions – M&A
What You Should Know: – Lightbeam Health Solutions, Inc., a provider of population health management solutions and services has entered into an asset purchase agreement to acquire the operating assets related to Jvion, Inc., including Jvion’s market-leading AI-enabled prescriptive analytics and social determinants of health (SDoH) solutions. -The strategic partnership combines Lightbeam’s health analytics and outcomes for payers and providers with the Jvion’s predictive technology.
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AWS Launches New Healthcare Accelerator Focused on Health Equity
What You Should Know: - Amazon Web Services (AWS) today announced the launch of the next AWS Healthcare Accelerator—this year with a new focus on health equity. The Accelerator is open to startups with US operations and applications open today. - This is part of AWS’s efforts to help organizations use the power of the cloud to help tackle the health equity gap – other efforts include the $40 million AWS Health Equity Initiative, which AWS also provided an
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CareFirst BCBS Launches Enterprise-Wide Social Risk Intelligence Strategy with Socially Determined
What You Should Know: - CareFirst BlueCross BlueShield, the largest health plan in the mid-Atlantic region announces a first-of-its kind initiative with analytics company Socially Determined to use social determinants of health (SDoH) analytics across all business functions. - Access to these actionable insights will support CareFirst’s mission to advance health equity and advocate for affordable, accessible, and quality care for members, employers and the communities they
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Delivering Patient-Centered Care Means Decluttering the Digital Health Landscape
Digital health companies (DHCs) and their solutions continue to grow at a rapid pace. This is in part being fueled by the record funding for DHCs, with over $29 billion for US-based companies in 2021 alone. As a result, patients are inundated with solutions from every direction – from employers, health plans, and directly through consumer-oriented apps and wearables. Physicians are also getting into the mix by directly prescribing digital therapeutics. On the surface, the blossoming of the
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AWS Awards Arine Grant to Develop Solutions to Reduce Health Inequity
What You Should Know: - Intelligent medical optimization company Arine has been awarded has been selected for Amazon Web Services' (AWS) $40M global program supporting organizations that are developing solutions to reduce health inequities. The latest funding will be used to support NotiSphere's hiring to expand adoption across the industry and enable scalability to support the rapidly growing number of users. - Arine’s proprietary tech platform analyzes comprehensive data from across the
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NCODA & XIFIN Launch Initiative to Expand Oncology Patient Care Options
What You Should Know: - XIFIN has partnered with NCODA, Inc., a globally recognized association that develops unique resources to help medically integrated oncology teams deliver top-tier care. This new strategic partnership “NCODA Informatics Initiative Powered by VisualStrata” provides the use of VisualStrata as part of the NCODA membership. - As oncology groups work to find and secure clinical trials – thereby expanding patient care options within their practice – purpose-built
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Nudj Health Raises $10M for Tech-Enabled Health Service
What You Should Know: - Nudj Health, a tech-enabled health service that delivers telehealth lifestyle interventions to patients using the collaborative care model raises $10M in Series A funding led by Nebraska Medicine, Teal Ventures, Cohn Family Trust & Health Innovation Pitch. - Founded in 2021 in Pasadena, Nudj Health delivers integrated, whole-person, and continuous care for patients with chronic disease. Based on AHA/ACC
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