Digital health news, funding round up in the prior week; June 26, 2023
Aledade raised $260M; Zocdoc partnered with Elation Health; Eli Lilly acquired Dice
Read more...In a strange way, healthcare seems to be reverting back to a style that had gone out of fashion many years ago, with an increased amount of health taking place in the home. There are now around 12 million people who are now getting in-home care, from more than 33,000 providers, and last year the annual expenditures for home health care were projected to be over $72 billion.
This is thanks, in large part, to technology and, more specifically, to connected in-home devices that can easily collect and send data to a physician in real-time. This allows patients to be monitored remotely, without constant trips to the doctor, and for physicians to do more timely interventions based on patterns picked up by AI and machine learning.
In July, Vator, HP and UCSF Health Hub will be holding an event centered around these devices, and how they are affecting the healthtech space. Every week until then we will be doing a roundup of some of the news around in-home devices and what some of the major tech companies are up to in this space.
LabCorp gets FDA authorization for its in-home COVID testing kits
LabCorp received an Emergency Use Authorization (EUA) from the FDA to allow for in-home testing. The test kits will first being distributed to healthcare workers and first responders who may have been exposed to COVID-19 or who may be symptomatic. The company intends to make the kits available to all consumers around the country in the coming weeks.
The kits will be offered through the company’s Pixel by LabCorp platform, its consumer-facing wellness test offering that it introduced in 2018.
“LabCorp continues to develop new ways to help patients and healthcare providers fight the COVID-19 crisis through our leading testing capabilities and deep scientific and research expertise,” Adam Schechter, president and CEO of LabCorp, said in a statement. “Our at-home collection kits are designed to make it easier and safer to test healthcare workers and first responders during this important time.”
CirrusMD extendeds partnership with the VA
CirrusMD, a platform that offers a chat-first virtual care solution, signed an expanded contract with Iron Bow Technologies as a subcontractor to the United States Department of Veteran Affairs.
"VA Health Chat," is a web and mobile platform that provides Veterans with virtual care by connecting them directly to a VA healthcare team member for clinical and non-clinical services. They can ask questions, receive medical advice, refill prescriptions, or schedule appointments from any web-enabled device, without having to leave their home.
"As a Veteran founded company, we care deeply about supporting and delivering care to this population," Blake McKinney, co-founder and chief medical officer at CirrusMD, said in a statement. "The current COVID-19 pandemic has underscored the critical need for innovative technology, including telemedicine, as a way to provide immediate access to both high-quality and preventative care for Veterans without requiring them to visit the doctor in-person. We are proud to be working with the VA to help Veterans access the care they need, whenever they need, in the easiest way possible."
CirrusMD began working with the VA in May 2019 rolling out their platform to over 200,00 veterans across three of the VA's medical centers. This extended contract will being CirrusMD's technology to over 1.6 million Veterans in Minnesota, Wisconsin, Florida, South Georgia, Puerto Rico and the U.S. Virgin Islands.
Drexel researchers' cold plasma air filter being prepped for COVID-19
(Image source: cerner.com)
Aledade raised $260M; Zocdoc partnered with Elation Health; Eli Lilly acquired Dice
Read more...Simple HealthKit and Walmart partnered; Electronic Caregiver raised $95M; Aya bought Flexwise Health
Read more...Alkeus Pharmaceuticals raised $150M; Care.ai partnered with Samsung; DoseSpot bought pVerify
Read more...Startup/Business
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CirrusMD partners health plans to create happier, healthier and more engaged members by connecting them to high-quality care conversation. CirrusMD’s chat-first virtual care platform enables continuous access in seconds to board-certified physicians across 50 states from any web-enabled device, providing members with seamless care conversation that happens on their terms. Designed to deliver an unparalleled user experience and barrier-free access, the CirrusMD platform drives average member utilization rates of up to triple telehealth industry averages. CirrusMD has partnered with the nation’s leading payers and integrated delivery networks to help millions of members and patients access extraordinary virtual care. Founded in 2012 and headquartered in Denver, Colorado, CirrusMD is led by co-founder and Chief Executive Officer Andy Altorfer and co-founder and Chief Medical Officer Blake McKinney, M.D.