If you are a startup and you want to succeed, pick a market niche that no one else is in, say a wearable device that provides health information monitoring. No one else is doing that, are they?? Spry Health lands a healthy $5.5 million for its version of such a wearable.
Please, make it stop. Xealht raises $8.5 million in funding to help doctors send electronic copies of health education material to patients and track their use of the materials.
You haven't fingered the pulse of the market if you aren't calling yourself a digital health company, like Peerfit, which raised $2.3 million to help arrange "boutique" fitness classes for health plan members and others. Someone will pay for this?
Ever wonder how many new-fangled pharmacies we need? We are going to find out. Yet another one gets some financing, as NowRx attracts $2 million to deliver drugs to consumers.
From the health plans have too much capital looking for a home department, Omada Health, which claims to offer services that keep pre-diabetics from getting the disease, garners another $50 million in capital in a round led by Cigna.
The digital pharmacy company formerly known as ScriptDash has raised $23 million in new capital and changed its name to Alto. Because it has a higher level of capital? Because it is singing a new tune? Because even with all this new capital, it can't afford an office in Palo Alto, just in Alto? I don't know.
From the too much capital looking for a home department, Doctible has received $2.2 million investment for its software platform to streamline doctor/patient interactions.
Outcome Health, which says it provides "health intelligence during critical moments of care", but actually just offers electronic advertising in doctors' offices and other care settings, has raised an astounding $500 million in a round that values the company at over $5 billion.
Bright Health looks brilliant, raising an additional $160 million in capital to support a push into Medicare Advantage markets. Not so sure about the investors' brightness.
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.
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