What You Should Know: - Maven, a New York City-based virtual health clinic for women and families announced it has raised $110M in Series D funding co-led by Dragoneer Investment Group and Lux Capital, with participation from BOND and existing investors Sequoia, Oak HC/FT, and Icon Ventures. Maven also welcomed Oprah Winfrey as an investor in its Series D round. - This brings Maven’s total funding to more than $200M at a valuation north of $1B-- making them the only unicorn in women’s and
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T-Mobile, Zyter Partner to Deliver Virtual Healthcare for Underserved Communities
What You Should Know: - T-Mobile and Zyter are partnering to bring virtual healthcare solutions — including telehealth and remote patient monitoring and care team collaboration — to more healthcare organizations and their patients, providing access to virtual care for underserved communities. - Under the terms of this agreement, Zyter and T-Mobile will collaborate to deliver integrated healthcare solutions to existing and potential T-Mobile customers nationwide. - Together, the
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4 Ways Health Systems Need To Reinvent Themselves to Compete
For about a decade, digital health has been slowly winning the battle against healthcare’s slow pace of change. Digital found an unexpected ally in Covid, as the pandemic forced health systems to adopt virtual solutions wholesale. As we start to come out on the other side, though, some health systems are contemplating returning to the status quo, especially as they’re feeling acute financial strain. The majority, however, understand that the pandemic constitutes a sea change in the
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OpenLoop Raises $3M to Expand Digital Health Marketplace for Clinicians
What You Should Know: - Techstars-backed OpenLoop raises $3M in funding to expand digital health marketplace to connect certified clinicians to telehealth opportunities. - The company plans to use the funding to This financing enables OpenLoop to expedite the development of their marketplace technology and grow their team of experts. OpenLoop, a Des Moines, Iowa-based virtual health company based in today announced their oversubscribed seed round financing of $3 million led by an
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11 Best Practices of a Successful Care Model Transformation Plan
Health systems across the country will require a plan to react to government deep spending cuts and revenue shortfalls due to the COVID-19 pandemic. Hospital services have seen a significant downturn in demand in 2020, and the recent resurgence in cases has led to further decreases. The public health emergency has also resulted in innovation, most notably telehealth, which has been granted temporary pay parity during the pandemic. Still, hospitals and health systems face a year of losses, but
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IoMT Is Improving Patient Access: We Must Avoid Creating New Barriers
The Internet of Medical Things (IoMT) is changing the face of healthcare and has the potential to significantly improve patient access as well as system efficiencies. The adoption of telemedicine, for example, spurred on by the Covid-19 pandemic, has spread rapidly. Forrester revised its forecasts to predict that virtual care visits in the United States will soar to more than one billion this year—including 900 million visits related to Covid-19 specifically. Likewise, in the United Kingdom,
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12 Telehealth & Virtual Care Predictions and Trends for 2021 Roundup
Dr. Paul Hain, Chief Medical Officer of GoHealth Telehealth is Here to Stay in 2021 Prior to the pandemic, telehealth was a limited ad-hoc service with geographic and provider restrictions. However, with both the pandemic restrictions on face to face interactions and a relaxation of governmental regulations, telehealth utilization has significantly increased from thousands of visits in a week to well over a million in the Medicare population. What we’ve learned is that telehealth allows
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As Telehealth Surges, Are Seniors Being Left Behind?
A global health crisis has thrust us into a scenario in which lives quite literally depend on the ability to virtually connect. Telehealth has rapidly emerged as a vital tool, enabling continuity of care, allowing vulnerable individuals to access their physician from home, and freeing up resources for providers to treat the most critical patients. The acceptance of telehealth and expansion of covered services for the senior population demonstrate that this technology will endure long after
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Microsoft’s Venture Fund Invests in Andor Health’s Virtual Health Platform
What You Should Know: - M12, Microsoft’s venture fund invests
in Andor Health’s AI-driven virtual health platform. - The funds will be used for accelerating
sales and marketing by expanding into new markets beyond the U.S. Additionally, the funds will be leveraged for
investing in enhanced R&D engineering. Andor Health, the company that harnesses machine and human intelligence to change the way care teams connect and collaborate, announced a
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Cerner Launches Video Visit Platform for CommunityWorks Clients
What You Should Know: - Cerner launches new Video Visit platform for CommunityWorks clients at no cost through 2021 to support rural health organizations. Today in honor of National Rural Health Day, Cerner has announced the launch of their new telehealth offering to support rural health organizations through these tough times. The Video Visit platform will be offered to Cerner CommunityWorks℠ clients at no cost through 2021. The platform, which was announced at a virtual event for
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