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Hybrid care provider Harbor Health secures $95.5M and more digital health fundings - MobiHealthNews #HybridCareProviderHarborHealthSecures$95.5MandMoreDigitalHealthFundings Harbor Health, a hybrid care provider, has successfully raised $95.5 million in funding. The funding will be used to expand their digital health offerings and improve patient care. #FundingRoundLedBy5AMVentures The funding round was led by 5AM Ventures, a venture capital firm specializing in healthcare investments. Other participants included Echo Health Ventures, Optum Ventures, and LRVHealth. #HarborHealth'sHybridCareModel Harbor Health's hybrid care model combines in-person care with virtual visits, allowing patients to access healthcare services conveniently. This model has gained popularity, especially during the COVID ai.mediformatica.com #health #funding #investment #harborhealth #partners #texas #carejourney #careteams #employers #generalcatalyst #patients #provider #digitalhealth #healthit #healthtech #healthcaretechnology @MediFormatica (https://buff.ly/3Sg1UOv)

I woke up yesterday invigorated and energized about the start of a new year. Reflecting on this past year, I can’t be more thankful for the people I work with and the work we do at Thyme Care! As the year closed out, I’ve seen so many great predictions and lessons learned from my colleagues, and I wanted to add a few more of my own. There is still so much to be done but I think there are a lot of great people and great companies really focused on improving the healthcare delivery system. Here are some of my predictions for 2024: 🏥 Healthcare will happen both in AND out of the clinic. Healthcare is evolving beyond the clinic confines, with a growing demand for “in between care”. Patients frequently have questions about minor symptoms, they need help getting to or from the doctor’s office, or they have questions about their treatment plan. In 2024 we will see more digital health companies take the 24/7 “in and out” approach. ✅ We will [finally] see a higher level of customer service in healthcare. Nobody likes having to fill out their medical information 18 different times or wait weeks for an appointment.  Streamlining our healthcare system will take time - there’s no “light switch” to make it better. In 2024 we’re going to see more innovation that breaks down barriers between providers and payers to make this a reality. There will be major investments in allowing physicians to take more control and drive some of the change from within. 💰Digital health investment in chronic condition companies will multiply. Chronic diseases like CKD, cardiac, MSK, and cancer are some of the highest cost drivers - and that’s where VC money is funneling. Large amount of dollars went into progressing the CKD space in 2023 and I anticipate something similar in cancer and cardiology in 2024. Can’t wait to see what this year brings!

What if you or a loved one needed access to same-day healthcare? With predictive modeling and AI, #iFinnovator EmergConnect empowers patients to access quality care options at nearby facilities with reduced wait times, while preventing clinician and nursing staff burnout. David Carter, CEO of Innovation Factory Hamilton adds, “The scalability of the team’s technology is also significant because every healthcare system is looking to optimize efficiency. We are excited to have supported them at their earlier stages and, through the SOPHIE program, enabled them to complete validation studies with renowned health institutions within our growing life science ecosystem.” Ron Galaev, Founder & CEO of EmergConnect and winner of Innovation Factory’s #LiONSLAIR2020 pitch competition, notes that access to government and hospital advisors through the #SOPHIE program was invaluable during the validation process, refining the platform to become trial-ready. 🔗Read more: https://ow.ly/FLf650PZO38 #lifesciences #medtech #digitalhealth #healthcare #entrepreneurship #startups #ontario #canada

Today I'm excited to announce IKONA Health's partnership with Lifeliqe to bring XR education and training solutions to our partners across the US kidney care market, starting with dialysis. This partnership aims to address key barriers in kidney care’s ongoing shift to value-based and in-home care delivery. Despite early signs of progress following regulatory and payment tailwinds in recent years, adoption of home-based therapies remains well below national goals and international peers. A lack of access to effective, scalable education and training solutions continues to stand in the way of this effort. We believe these same tools would not only address critical gaps in care and resource burden, but accelerate a shift towards the levels of adoption, retention, and ongoing support we all strive for on a daily basis. 𝐊𝐞𝐲 𝐁𝐚𝐫𝐫𝐢𝐞𝐫𝐬 An all-in-one learning platform opens up several near-term opportunities to tackle some of kidney care’s toughest challenge from staff training to home adoption and retention: • More Patients are Facing Kidney Failure • Patient Fears of Self-Cannulation • Low Uptake of Home Hemodialysis • Dialysis staffing challenges • Training Gaps in Home Modalities • Patient Transition & Retention Learn more about the data around these barriers in the press release below. If these issues resonate, we'd love to hear from you. 📰 😎 https://bit.ly/3vS8MZR *** Sending our thanks to Matouš Tlapák, Michal Mizerák, Mark Andersen and team Lifeliqe for your partnership, passion, and product vision. The future is brighter thanks to what you've built and what we'll do together for patients and kidney care teams across the globe. #healthtech #innovation #virtualreality #startups #medtech

Healthcare costs is undergoing a shift moving from paying for a service to pay for positive outcomes; Value Based Care (VBC). VBC is hard to get right, and it potentially shifts a lot of the risk towards the providers of the platforms and services that enables doctors to deliver care efficiently. But I have little doubt we need to move in this direction in order to deal with spiralling costs of healthcare. For this exact reason I also do believe that HealthTech and digital health startups built for VBC is going to have an outsize advantage compared to their more 'conservative' peers going forward. So if you are a startup looking to base your future business model on VBC, I would love to hear from you. https://lnkd.in/dd37yCX9 #healthcare #digitalhealth #valuebasedcare #businessmodel

Currently most healthcare in the U.S. is delivered via “fee-for-service” arrangements. Providers are paid for each service: an office visit, a CAT scan, surgery, etc. In a value-based care (VBC) model, one of the most promising approaches to addressing the healthcare crisis in America, providers are instead compensated based on outcome. VBC radically changes incentives — or shall we say, flips the script — for healthcare providers. Major healthcare entities are embracing this change, driving a potential transformation in how care is delivered. Norwest Principal Irem Rami, investors Suraj Shah and Sam Lesser, and senior advisor Unmesh Srivastava are bullish on the promises of the model and the enormous opportunities it presents for healthtech entrepreneurs. Read their blog for more details: https://lnkd.in/ggkxRwwi 

📣 Exciting News! Transcarent Raises $126 Million in Series D Funding 💰 Transcarent, the One Place for Health and Care, has secured $126 million Series D investment. The funding round was led by General Catalyst and 7wireVentures, other participants were Geodesic Capital and Memorial Hermann Health System. Transcarent’s commitment to simplifying the complex healthcare system and reducing costs has resonated with investors. The additional investments will be leveraged to accelerate AI capabilities within Transcarent’s platform. Rising healthcare expenses have placed a significant strain on employers and limited US economic growth. Transcarent’s mission is to empower employees with improved access to health and wellness care, and this funding will accelerate their efforts. Transcarent’s health and care platform brings together medical, surgery, pharmacy, and mental health care into one place. Members can access comprehensive care experiences, including Everyday Care (which includes Care in 60 Seconds), Pharmacy Care, Surgery Care (from the country’s leading health systems, ambulatory care providers, and Centers of Excellence), Weight Health, and end-to-end Cancer Care. The company is led by Glen Tullman, Transcarent’s Chief Executive Officer. More on insights on Transcarent from Galen Growth | Insights You Can Trust's HealthTech Alpha platform. #digitalhealth #healthcare #healthsystems #healthcareai #digitalhealthinnovation #pharmacy

Round13 Capital is excited to announce our most recent investment in PocketHealth! PocketHealth is a patient-centric cloud platform that enables patients and medical imaging providers to share imaging records electronically, instantly, and securely. Since its launch in 2016, the platform has become critical infrastructure to over 775 healthcare sites across North America, while giving more than 1.5M patients instant access, control and a deeper understanding of their health records. Round13’s investment in PocketHealth is the culmination of a year-long healthcare initiative, where we became excited by patient-centric business models as technology increasingly empowers patients throughout their healthcare journey. Medical imaging is often at the helm of this journey and involves a data rich problem set with significant potential for optimization through technology. PocketHealth emerged as a strong leader in medical imaging software, given its: - Exceptional management team, led by co-founders and brothers Rishi Nayyar and Harsh Nayyar; - Feature-rich and incredibly valuable product leveraging AI and technology; - Patient-centric business model that empowers patients in understanding their records and advocating for their care, and; - Tremendous growth and significant opportunity to make PocketHealth accessible to every patient at every provider across North America. We are thrilled to join PocketHealth on this journey and look forward to being a part of their next stage of growth! See here for press release: https://lnkd.in/dG3PrB9D For additional information, please see the below: https://lnkd.in/dKfHWHsq https://lnkd.in/dVwqGH-G https://lnkd.in/dAi24Z3r https://lnkd.in/dzsiN2Nx https://lnkd.in/dKKY7X_F  #Growthequity #healthcaretechnology #Proudinvestors #Canadiansuccessstories

"In our industry, digital transformation...is not just about digitizing records. It’s about using technology to achieve significant outcomes like increased revenue, lower costs, and improved patient health and recovery through better engagement and care adherence." SPRY co-founder and CEO Brijraj Bhuptani recently shared his insights with Authority Magazine. Curious about the future of patient care? Read the full interview: https://lnkd.in/dM9ycHHx #DigitalTransformation #HealthcareInnovation #SPRY #AuthorityMagazine #PatientEngagement

#Digitalhealth #startups, particularly those in the #digitaltherapeutics (DTx) domain, can face significant #financialchallenges, as exemplified by the #DTx pioneers cases of pear therapeutics' #bankruptcy, Better therapeutics' Nasdaq delist, and recent Akili's layoffs. The the story of Joint Academy may be a good example case to overcome the financial crisis. Joint Academy, specializing in digital therapeutics for arthritis, faced near bankruptcy after losing its largest customer. However, it managed to #pivot its business model successfully and avoid failure. Here’s how DTx startups can learn from Joint Academy’s experience to navigate similar challenges: 1. Diversifying #Revenue Streams Joint Academy’s initial reliance on a single large customer made it vulnerable. The loss of this customer precipitated a financial crisis. To mitigate similar risks, DTx startups should diversify their customer base. This includes contracting with multiple healthcare providers and exploring #opportunities in both public and private sectors. 2. Expanding Service Offerings The pivot from purely digital offerings to a combination of digital and physical clinics was crucial for Joint Academy. By acquiring physical clinics, the company was able to broaden its services beyond digital therapeutics to include a wider range of physiotherapy needs. 3. Leveraging #Investor Support During its financial crisis, Joint Academy relied heavily on the continued support of its investors, who provided convertible loans to help the company navigate its cash flow challenges. Startups should maintain transparent and open communications with investors as these relationships can be crucial in securing the necessary funding to pivot or sustain operations during strategic shifts. 4. Adapting to Market Needs Joint Academy adapted its #businessmodel in response to the changing landscape of #healthcare needs and patient management. DTx startups must remain agile, adapting their offerings to meet current market demands and emerging healthcare trends. This might include incorporating the latest technologies or addressing gaps in healthcare that are not well served by traditional models. 5. Exploring International Markets For DTx startups, international expansion can open up new opportunities in larger and potentially more lucrative markets. However, this requires careful planning to navigate different healthcare systems and regulatory environments. 6. Focusing on Long-Term Viability Finally, while pivoting can provide immediate relief or open new opportunities, startups must plan these shifts with long-term viability in mind. Expert invitation for comment: Eddie Martucci Brian Harris Chris B. Shijun Jo Micha Y. Breakstone 🇺🇦🇮🇱 Renata Redondo Bonaldi, PhD, Global MBA Sean G.(Sungjee) Kang, MD, MPH Juliesta E. Sylvester, Ph.D. Christopher S. Lento, MBA Robert A. Christian Hein Tracey Dodenhoff Hyuk-Jeen Suh