Telehealth usage in the last year has increased by 6,000%. Due to the Covid-19 pandemic, health care providers and patients rapidly shifted to virtual visits from traditional office care to reduce infection rates. There are other fantastic benefits for patients: appointments when you want them, no travel time, and no paper gowns. The data are clear that we’ve reached a tipping point in both...
For many health systems, the transition to virtual care during the pandemic was like night and day. Before COVID-19 hit, they delivered most of their care, if not all of it, in person. Within a matter of days into the public health emergency, that all changed.
That was not the case, however, for the U.S. Department of Veterans Affairs, according to Christina Armstrong, a clinical psychologist at...
Multimodal healthcare provider Carbon Health is stepping into chronic condition management with its recent acquisition of Steady Health, an integrated diabetes care platform. The terms of the deal were not disclosed.
The acquisition will support Carbon Health’s primary care model, which combines in-person clinics with a virtual care platform. Carbon Health patients can receive services ranging...
Fueled by the raising awareness of women’s health needs caused by the COVID-19 pandemic, the global femtech market is expected to reach $1.15 billion by 2025, according to a Frost & Sullivan study.
In 2020, the femtech market represented $648 million, meaning over the next five years it will have a compound annual growth rate (CAGR) of 12.2%, according to the analysts.
Driving this growth...
Wheel, an Austin, Texas-based telehealth staffing and services vendor, today shared that it raised $50 million in a Series B funding round led by Lightspeed Ventures.
Existing investors CRV, Silverton Partners, Tusk Venture Partners and J.P. Morgan took part in the round, along with new investor Future Shape.
As the lead investor, Lightspeed Senior Advisor Dr. Ling Wong will join Wheel’s board of...
Walmart this week strengthened its foothold as a healthcare provider with the announcement of its plans to acquire telehealth company MeMD.
The retail giant’s healthcare arm, Walmart Health, will bring MeMD’s multi-specialty virtual care options into its fold later this year.
The deal is expected to close in the coming months, following regulatory approvals, according to the announcement. The...
Dealroom, Inkep Capital and MTIP have released a report powered by a database dedicated to mapping and tracking the health innovation ecosystem.
The report looks at 76,275 startups, 38,907 funding rounds, and 8,821 exits of companies addressing aspects of the healthcare value chain and patient journey.
WHY IT MATTERS
The report predicts that over the next two years, the industry will see new...
Next-gen care provider Crossover Health has quietly shuttered Sherpaa, the virtual primary care company it acquired in 2019. Sherpaa founder Jay Parkinson broke the news in a farewell blog post, in which he also revealed he has parted ways with Crossover after two years there.
Sherpaa, a longtime digital health stalwart founded by Parkinson in 2012, is no more as of December 2020, following a six...
Telecommunications giant Verizon has etched its name into the ever-growing list of virtual care platform developers with this week’s announcement of BlueJeans Telehealth.
The telehealth offering was built from the ground up with collaboration from an advisory board of health system clinicians, creating a platform designed with the needs of providers in mind, Verizon said in the announcement.
The...
Mantra Health, a startup providing virtual mental healthcare services to higher education, has closed a $2 million extension to the $3.2 million in seed funding it disclosed late last year, MobiHealthNews has learned.
The startup's newest backers include Canaan Partners, City Light Capital and Baleon Capital, as well as Aligned Telehealth founder Dr. Nitin Nanda as a strategic angel investor....
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.jpg?itok=adJWggH0 "Report predicts significant increase in health tech investment in the next two years brought on by COVID-19.")
