– Healthcare Growth Partners’ (HGP) summary of Health IT/digital health mergers & acquisition (M&A) activity, and public company performance during the month of July 2020.
While a pandemic ravages the country, technology valuations are soaring. The Nasdaq hit an all-time high during the month of July, sailing through the 10,000 mark to post YTD gains of nearly 20%, representing a 56% increase off the low water mark on March 23. More notably, the Nasdaq has
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Ginger Lands $50M to Expand On-Demand Mental Health Support Platform
What You Should Know:
- Ginger announces $50 Million in Series D funding to expand
access to its on-demand mental healthcare system led by Advance Venture
Partners and Bessemer Venture Partners; joined by Cigna Ventures and existing
investors.
- Company has more than tripled revenue over the past year, now brings access to on-demand mental healthcare to millions around the world through 200+ employer clients and leading health plans.
Ginger, a San Francisco, CA-based provider of
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W2O Acquires Discern Health to Strengthen Value-Based Care Capabilities
What You Should Know:
- W2O announced today the acquisition of Discern Health, a leading healthcare consultancy based in Washington, DC, and Baltimore, to strengthen its strategic capabilities in assisting clients with critical healthcare policy trends and value-based reimbursement models.
- Discern Health brings experts with decades of experience in quality, health care measurement, and payment models to W2O’s analytics-driven, technology-enabled marketing and communications solutions.
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GoodRx Expands Telehealth Service Nationwide Across All 50 States
What You Should Know:
- GoodRx today announced it has expanded the reach of
HeyDoctor by GoodRx and it is now available across all 50 states and Washington
D.C.
- HeyDoctor provides affordable access to online medical visits from US-licensed providers to treat a wide range of conditions — regardless of insurance status. Treatment and services include routine doctor visits starting at $20, prescription refills, and mail delivery.
GoodRx announced that its telehealth
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7 Day Moving Average for COVID-19 Cases Is Up 148% Nationwide
What You Should Know:
- Nationwide, the seven-day moving average for COVID-19
cases is up 148% from June 7th to July 7th. In many states across the country,
the “curve” never flattened. Since June there hasn’t been a flattening effect,
but rather a significant spike in the number of COVID-19 cases.
- States hit hardest with new waves of COVID-19 cases
like Arizona, California, Texas and Florida have the highest percentage of
hospital beds occupied by patients with COVID-19. If there are
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HHS Taps Fenway Health as Pilot Site for Precision Medicine Project
What You Should Know:
- Fenway
Health has been selected as the pilot site to participate in the Advancing
Standards for Precision Medicine (ASPM) project.
- The ASPM project
is focused on how healthcare providers can systematically identify the
socio-economic factors that may impact the health of patients in order to
provide more individualized care that reflects patients’ needs.
Fenway Health, a
Boston, MA-based Federally Qualified Community Health Center (FQCHC)
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18 Healthcare Augmented Reality and Virtual Reality Companies to Watch
Augmented reality (AR) and virtual reality (VR) are redefining what's possible in healthcare, as well as other sectors. The 18 companies listed below are some of the top virtual and augmented reality companies in the medical industry.
Defining Augmented Reality
Augmented
reality is a technology that blends real-world elements with virtual ones. For
example, a person might visit a trade show and aim their smartphone at a
display to activate an AR experience that allows them to see
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ACO to Deploy Innovaccer’s FHIR-enabled Data Activation Platform Across Medicare Population
What You Should Know:
- MultiCare Connected Care announced it will leverage Innovaccer's FHIR®-enabled Data Activation Platform for the Medicare Track 1+ population.
- MultiCare Connected Care is an Accountable Care Organization and a wholly-owned subsidiary of MultiCare Health System based in the state of Washington, one of the largest, not-for-profit health systems.
MultiCare
Connected Care (MCC), one of the leading clinically integrated care
networks in the state of Washington,
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Predictive Analytics: Preventing the Aftershocks from COVID-19
Right now, the world’s attention is focused on COVID-19. This is most appropriate as it has hit the world like a global earthquake, disrupting lives on an unprecedented scale.
However, there will come a day when the immediate danger has passed. At that point, it’s very likely that the healthcare system will begin to feel the significant aftershocks of COVID-19 in the form of neglected chronic condition management throughout the pandemic.
The Centers for Disease Control
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MTBC Acquires RCM Vendor Meridian Medical Management
What You Should Know:
- MTBC acquires Meridian Medical Management, a former GE
Healthcare IT company to enhance its cloud-based healthcare IT solutions and
services.
- Meridian Medical Management has been providing revenue cycle
management solutions to the ambulatory medical practice management marketplace
for over 20 years.
MTBC, Inc., a Somerset,
NJ-based provider of cloud-based
healthcare IT solutions and services announced it has acquired
Meridian Medical Management
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