Payer

By  Dave Muoio 02:48 pm December 17, 2020
Oscar, a New York City-based health insurance technology company, has raised $140 million in a funding round announced just half a year after its last $225 million raise. The new investment was headed by Tiger Global Management, and also saw funds from Dragoneer, Baillie Gifford, Coatue, Founders Fund, Khosla, Lakestar and Reinvent. WHAT IT DOES Oscar describes itself as the "first-ever...
By  Dave Muoio 01:41 pm December 16, 2020
A recent mathematical simulation model found that, compared to other insomnia interventions like group cognitive behavioral therapy or pharmacotherapy, digital CBT delivered via Big Health's Sleepio was more cost-effective due to lower expenditures. The research was funded by Big Health, and conducted by researchers from Johns Hopkins, the University of California, San Francisco, and the digital...
By  Gwendolyn Lee & Dan Gebremedhin, MD 12:54 pm December 4, 2020
In Part 1 of this article, we introduced Medicare and its covered services, along with rationales for digital health startups to engage with the nation’s largest payer. These motivations include Medicare’s large and growing beneficiary base, access to the nation’s largest and most influential payer, and movement toward value-based care. Despite these opportunities, startups have been relatively...
By  Dave Muoio 03:20 pm November 30, 2020
The back half of November saw two special purpose acquisition companies (SPACs) announce merger agreements valued at more than $1 billion. First on the list is Butterfly Network, maker of the Butterfly iQ handheld ultrasound devices and a corresponding workflow platform. The well-funded startup will be merging with Longview Acquisition for a final valuation of $1.5 billion. The company's common...
By  Gwendolyn Lee & Dan Gebremedhin, MD 04:41 pm November 24, 2020
Despite its attractive large market size, Medicare has long frustrated early stage healthcare companies. The complex federal health insurance system, mired in statutory constraints, has arguably discouraged entry from would-be external innovators. Regulations intended to prevent fraud, waste, and abuse, also create barriers to adoption for innovative value-creating products and services. The goal...
A mother and child during a telehealth video visit
By  Dave Muoio 01:37 pm November 19, 2020
The COVID-19 pandemic has exposed many consumers to telehealth for the first time, but their reactions to these virtual care technologies – namely, how willing they are to continue using them and how much they're willing to pay – greatly vary based on how much each generation values convenience over a trusted provider. These are the major takeaways of the Accelerate Health 2020 Consumer...
An image of the pre-acquisition InPen device and connected app.

The InPen alongside Companion Medical's connected app

By  Dave Muoio 01:56 pm November 12, 2020
Shortly after acquiring smart insulin-pen-maker Companion Medical, Medtronic has officially launched the InPen device alongside integration with its Guardian Connect connected glucose monitoring (CGM) system. Of note, Medtronic's InPen is the only smart insulin pen cleared by the FDA for use by people requiring multiple daily injections. It received that 510(k) back in 2016. WHY IT MATTERS With...
An image of the AutoML Entity Extraction for Healthcare tool
By  Dave Muoio 01:55 pm November 11, 2020
Google Cloud pulled back the curtain yesterday on two artificial intelligence tools designed to help healthcare and life science organizations scan and analyze large volumes of unstructured text, the Healthcare Natural Language API and AutoML Entity Extraction for Healthcare. The first of these two offerings looks to automatically extract common trends or other insights from medical records notes...
A deal being signed
By  Dave Muoio 12:16 pm November 10, 2020
Yesterday Centene Corporation, a managed care enterprise, announced its plans to acquire unstructured patient data analytics company Apixio. The artificial intelligence company will operate independently underneath Centene's Health Care Enterprises group, according to the announcement. The deal is expected to close before the end of the year. The companies did not disclose any other terms of the...
Images of the NightWare app on Apple Watches
By  Dave Muoio 02:47 pm November 9, 2020
The FDA granted Minneapolis-based NightWare a De Novo clearance on Friday for its Apple Watch and iPhone app designed to improve the sleep quality of those experiencing nightmare disorder and nightmares related to PTSD. The digital therapeutic – which received breakthrough designation from the agency last year – uses the Watch's sensors to track the heart rate and movement of users as they sleep...