$130 million is a lot of money; it is a lot of capital. So why investors are giving it to Clover Health in a new financing round perplexes me, since it plows well-worn and not very fertile ground of doing data analytics and care coordination for Medicare Advantage patients.
Conversa, which, as the name suggests, facilitates health care conversations, raises $8 million in new capital. Conversely, the investors just threw money down yet another all-talk, no action, rabbit hole.
I love my job, because you literally cannot make this stuff up. Sync Project has raised $5 million to prove that its product using music can improve health outcomes, but wait, there's more, this will be personalized medicine (gotta hit at least one of the current buzzwords) because the music will be tailored to the patient's needs.
A study at a single hospital examined whether an intensive bundled payment effort would reduce readmissions for COPD patients. Despite the intervention, readmission rates were no different for the bundled payment patients, and while there were slight cost savings, they likely were outweighed by the cost of the intervention.
In another large contract research organization merger, INC Research and InVentiv Health will merge, with the combined company worth over $7.4 million.
The Healthy Skeptic is a website about the health care system, and is written by Kevin Roche, who has many years of experience working in the health industry. Mr. Roche is available to assist health care companies through consulting arrangements through Roche Consulting, LLC and may be reached at khroche@healthy-skeptic.com.
The Healthy Skeptic is a website about the health care system, and is written by Kevin Roche, who has many years of experience working in the health industry. Mr. Roche is available to assist health care companies through consulting arrangements through Roche Consulting, LLC and may be reached at khroche@healthy-skeptic.com.