Executive Summary
Act III of COVID: Navigating the Crosscurrents of Post-Inflation
2022 ushered in Act III of the market’s latest transitionary period: The Post-Inflation Era. Since 2008, the US economy functioned with remarkably low inflation and interest rates. As the cost of capital went lower and lower during the decade, valuations steadily rose. Between 2010 and 2020, the NASDAQ experienced a 17.1% annual growth rate, with no small share of the growth a result of expanding valuation
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Telehealth Services
Lessons from COVID-19 Pandemic and the Smart Facilities of Tomorrow
As much as we all wish it were otherwise, the COVID-19 pandemic continues to claim lives and upset stability around the world. If this worldwide disaster has a narrow silver lining, it is the many lessons it has to teach us moving forward. These lessons cover every aspect of life from business to relationships, but none more than healthcare. We have seen the incredible strain COVID-19 has put on our healthcare systems and providers including doctors, nurses, and administrators. Now we must be
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Is Telehealth Healthcare’s Biggest Cyber Threat?
It’s time to get used to seeing your doctor from a digital screen, as virtual care is projected to expand well into the future. And while telehealth technology has proven to be highly beneficial in supporting the shift to virtual healthcare, it has also introduced a host of new vulnerabilities and opportunities for security breaches. Cybercriminals have always preyed on the healthcare industry, but with this virtual transition, the substantial increase in connectivity and network exposure has
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Hospital Telehealth Vendor Financials Round Up – Teladoc Health, Amwell & SOC Telemed
Several hospital telehealth vendors enjoyed great success in 2020 as they benefitted from unprecedented demand for their IT and services during the pandemic. But as lockdown restrictions were lifted and the strain on hospitals’ in-house capacity across the ICU and other acute care wards eased into the second half of 2021, were the vendors able to maintain their growth? With full-year results from several of the leading hospital telehealth vendors now published, here’s our take on the recently
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At-Home Testing Is The Future, But Lab APIs Are Stuck In The Past
The rise of telemedicine and virtual care options have primed at-home testing to make a significant impact on the future of healthcare. 70% of today’s medical decisions depend on laboratory test results, but lagging lab APIs hinder the widespread launch of remote diagnostics.
Since the start of the COVID-19 pandemic, there has been a major increase in telemedicine usage, including a 154% increase in telehealth visits during the last week of March 2020 alone. Both patients and doctors
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Altibbi Raises $44M for Middle East AI-Based Digital Health Platform
What You Should Know:
- Altibbi, the Middle East’s largest AI-based digital health platform raises $44 million in Series B fund funding led by Foundation Holdings, Hikma Ventures and existing investors Global Ventures and DASH Ventures. The Series B round marks the largest single financing round for a regional Digital Health company.
- Raising more than $50M in funds since its founding in 2011, Altibbi’s diverse shareholder base also includes high-profile investors Endeavor Catalyst,
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HIMSS22 Day 2 Roundup: Google Partners with MEDITECH, Microsoft’s Health Cloud Strategy Expansions
Mergers & Acquisitions (M&A) Activity
OptimizeRx Acquires EvinceMed, a Specialty Drug Prescription Initiation Platform
OptimizeRx, a provider of point-of-care technology solutions helping patients start and stay on therapy announced a definitive agreement to acquire the EvinceMed platform and related assets. EvinceMed is a provider in delivering end-to-end automation for specialty pharmaceutical transactions. The acquisition includes the full Market Access Management Platform
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OpenLoop Raises $8M to Expand Full Stack, White Label Telehealth Services
What You Should Know:
OpenLoop, a health tech startup delivering full-stack clinical support to companies launching and scaling virtual care services across the nation raises a Series A funding round of $8M led by SpringTide Ventures.
- OpenLoop, known for the quality, flexibility and breadth of services they offer to clients who are often early in their telehealth delivery journeys, will use this fresh capital to continue to expand their technology-enabled infrastructure. They will be
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Amazon Care Expands Telehealth Services Nationwide, Expands In-Person Services in More Than 20 Cities
What You Should Know:
- Amazon Care expands its telehealth services nationwide and in-person services will be rolled out in more than 20 new cities this year. The service is already available in Seattle, Baltimore, Boston, Dallas, Austin, Los Angeles, Washington, D.C., and Arlington.
- Amazon plans to expand more than 20 additional cities—including major metropolitan areas like San Francisco, Miami, Chicago, and New York City—so customers can access care where and when they need it
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NowRx Launches $73M Equity Crowdfunding Round to Expand Same-Day Prescription Delivery & Telehealth Services
What You Should Know:
- NowRx, a Mountain View, CA-based provider of same-day prescription delivery and telehealth services, today announced it is raising a $73M in Series C funding through equity crowdfunding platform SeedInvest.
- By leveraging customized robotic dispensing, industry-leading consumer and driver apps, and QuickFill, a proprietary pharmacy management and logistics system, NowRx can offer same-day end-to-end services, from online prescribing to
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