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Virtual Care Platforms | News, Analysis, Insights - HIT Consultant

Sharecare to Go Public in SPAC IPO Deal, Reaching $3.9B Valuation

by Fred Pennic 02/12/2021 Leave a Comment

Sharecare to Go Public in SPAC IPO Deal, Reaching $3.9B Valuation

What You Should Know: - Digital health company Sharecare and special purpose acquisition company (SPAC), Falcon Capital Acquisition Corp, today announced an agreement to merge to go public on the NASDAQ under the ticker symbol SHCR at enterprise value of $3.9B. - The transaction is expected to be funded through a combination of Falcon's $345 million of cash in trust (assuming no redemptions) supported by a $425 million fully committed PIPE at $10.00 per share and the Anthem
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Verily’s Onduo Virtual Care Solution Expands to Multi-Condition Platform

by Jasmine Pennic 02/04/2021 Leave a Comment

Verily's Onduo Virtual Care Solution Expands to Multi-Condition Platform

What You Should Know: - Verily's Onduo, known for its tech-based solution for virtual diabetes management, is launching a new multi-condition platform that matches the right care to the right consumer at the right time. The expanded virtual care platform is designed to support patients managing type 2 diabetes and hypertension, with plans for further expansion into mental and behavioral health.- In addition, Onduo has introduced multi-language support to make the virtual
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Concentra Transitions Telemed Offering from Amwell to eVisit Virtual Care Platform

by Fred Pennic 01/26/2021 Leave a Comment

Concentra Transitions Telemed Offering from Amwell to eVisit Virtual Care Platform

What You Should Know: -  Concentra recently transitioned their three-year-old Concentra Telemed® offering from Amwell to the eVisit Virtual Care platform. - The eVisit Virtual Care platform is supporting all of Concentra’s telemedicine requirements, including its industry-leading 24/7/365 Concentra Telemed offering and Concentra Telerehab®, conducting more than 8,000 virtual visits a month. - eVisit was founded six years ago and is already in use at more than 100
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2020’s Top 20 Digital Health M&A Deals Totaled $50B

by Fred Pennic 12/31/2020 Leave a Comment

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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M&A: EverCommerce Acquires Healthcare Communication Platform Updox

by Fred Pennic 12/24/2020 Leave a Comment

EverCommerce Acquires Healthcare Communication Platform Updox

What You Should Know: - Service commerce platform EverCommerce acquires Dublin, OH-based Updox, a healthcare communication platform for in-person and virtual care. -  The acquisition expands EverCommerce’s health services portfolio and enables the companies to further their shared goal of simplifying the business of healthcare and facilitating the growth of healthcare practices. Today, EverCommerce, a leading service commerce platform, completed the acquisition of Updox, a
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Banner Health, WellSpan, Others Invest in Virtual Maternity Care Platform Babyscripts

by Jasmine Pennic 12/09/2020 Leave a Comment

Banner Health, WellSpan, Others Invest in Virtual Maternity Care Platform Babyscripts

What You Should Know: - Virtual maternity care platform Babyscripts announced a new round of investments from Banner Health, CU Healthcare Innovation Fund, The Froedtert & Medical College of Wisconsin Health Network, and WellSpan Health - Using internet-connected devices for remote monitoring, Babyscripts offers risk-specific experiences to allow providers to manage up to 90% of pregnancies virtually, allowing doctors to detect risk more quickly and automate elements of
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Highmark Taps Lark Health for AI-Driven Chronic Disease Management/Prevention

by Fred Pennic 12/07/2020 Leave a Comment

Highmark Taps Lark Health for AI-Driven Chronic Disease Management/Prevention

What You Should Know: - Highmark, one of the largest Blues plans, has chosen Lark Health for its chronic disease prevention and management platform. - Members will have access to Lark’s 24/7 AI-based coaching and programs to manage diabetes, hypertension, and prevent chronic conditions. Highmark Inc., America's fourth-largest overall Blue Cross Blue Shield-affiliated organization, announced a growing collaboration with Lark Health, virtual chronic disease prevention and management
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Amwell Launches New Offerings to Increase Doctor-to-Patient Virtual Connectivity

by Fred Pennic 11/12/2020 Leave a Comment

Amwell Launches New Offerings to Increase Doctor-to-Patient Virtual Connectivity

What You Should Know: - Amwell just announced some new offerings Amwell Now, Touchpoint Tablet software, and C500 to help increase doctor-to-patient virtual connections as patient and doctor preferences change in light of the pandemic. - The new solutions (a quick-to-deploy video visit offering, new tablet software, and a telemedicine cart) are designed to be easy-to-use but fully integrated in the provider’s systems and secure. Amwell, a national telehealth leader, today announced
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Nice Healthcare Nabs $5M to Power ‘Frictionless’ Virtual Primary Care

by Fred Pennic 10/28/2020 Leave a Comment

Nice Healthcare Nabs $5M to Power ‘Frictionless’ Virtual Primary Care

What You Should Know: -  Nice Healthcare raises $5M in seed funding to power the next phase of growth of its in-home and virtual primary care services. - Nice contracts directly with employers to provide unlimited access to its service under a transparent and capitated rate of $30 - $36 per employee per month. Nice Healthcare, a Minneapolis, MN-based provider of in-home and virtual primary care services, today announced it has raised $5 million in seed funding to pioneer the
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Babyscripts Forms Commercial Partnership with Roche to Develop RPM Programs for Pregnancy

by Fred Pennic 10/21/2020 Leave a Comment

Babyscripts Forms Commercial Partnership with Roche to Develop RPM Programs for Pregnancy

What You Should Know:   - Babyscripts today announced a commercial partnership with Roche Diagnostics, a division of the world’s largest biotech company and a global pioneer in pharmaceuticals and diagnostics.  - Roche will partner with Babyscripts on the development of Babyscripts’ remote patient monitoring (RPM) programs to leverage groundbreaking data science through the next generation of RPM in pregnancy.  Babyscripts, a Washington D.C.-based
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