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📣 Now available on demand: Rajesh Aggarwal MD PhD FRCS FACS, founder and CEO of twenty30 health and Megan Antonelli of HealthIMPACT Live discuss the intersection of medicine, surgery, and digital health in tackling the growing obesity crisis. 🔗 Link to video in the comments below. Topics covered: 🔹 Leveraging technology, human health coaches, and data analysis for personalized patient care. 🔹 Enhancing access, engagement, and efficacy of obesity treatments with digital health solutions. 🔹 Integrating GLP-1 medications into comprehensive care plans. 🔹 Building and scaling digital health startups in the obesity space. 🔹 The importance of clinical validation, user-centered design, and value-based care models. #obesity #digitalhealth #metabolichealth #obesitycare

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In case you missed it: our Chief Strategy Officer Mirja Riester and Digital Developer Crystal Gaskin shared insights from a successful case study on how to meaningfully and effectively engage underserved patient populations. Learn how our research-driven approach built trust and credibility in the community with the goal of transforming patient perceptions of long-term disease management. Plus, see how we can apply these insights to other underserved patient populations. You can catch the full presentation here: bit.ly/3KAe6VA #DigitalPharmaInnovationWeek Fierce Pharma #PharmaMarketing

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Reports indicate that Innovaccer, a prominent healthtech unicorn, is in talks with Kaiser Permanente, a major US health insurance and healthcare provider, regarding a potential funding round. The investment amount under discussion ranges between $200 million to $250 million. This funding, if finalized, will comprise both primary and secondary components. While specific details are yet to be disclosed, it's known that Kaiser Permanente is an existing customer of Innovaccer and has been in discussions with the company for some time. However, reports from TechCrunch suggest that this funding round might result in a downround for Innovaccer, potentially leading to a valuation decrease. If the funding goes through, Innovaccer's valuation could drop to somewhere between $2.5 billion and $3 billion, indicating a potential decline from its valuation of $3.2 billion during its Series E round in December 2021. TechCrunch also hints at a possible secondary transaction valuation as low as $2 billion. Innovaccer has yet to comment on these funding discussions. This news of potential funding comes shortly after Kaiser Permanente announced a collaborative effort with Innovaccer to enhance its value-based care services, showcasing the potential synergy between the two entities. Established in 2014 by Abhinav Shashank, Kanav Hasija, and Sandeep (Sandy) Gupta, Innovaccer leverages healthcare data analytics to provide actionable insights for various stakeholders in the healthcare ecosystem, including healthcare providers, hospitals, insurance companies, and other relevant entities. Headquartered in Bengaluru, India, and San Francisco, USA, Innovaccer has raised approximately $390 million in funding to date. The company boasts an impressive investor lineup, including Tiger Global Management, B Capital Group, Microsoft's M12 fund, and OMERS Growth Equity. Earlier this year, Innovaccer acquired Cured, a digital marketing and customer relationship management startup. The ongoing funding discussions at Innovaccer align with a growing trend of secondary transactions in the Indian startup scene. Recent examples include Capillary Technologies, on the verge of an IPO, raising $95 million in secondary transactions as part of a $140 million Series D round. Moreover, reports suggest that early-stage investor Chiratae Ventures sold a portion of its stakes in Lenskart, Bizongo, and Rentomojo to private equity firm Madison India Capital for $70 million. The potential funding from Kaiser Permanente and Innovaccer's strategic partnership hold considerable promise for the company's future. With its dedication to data-driven healthcare solutions and a burgeoning list of high-profile collaborators, Innovaccer is poised to sustain its growth momentum and leave a lasting imprint on the healthcare landscape. #innovaccer #funding #discussion #healthcare #healthtech #kaiserpermanente #strategicpartnership #bengaluru #data #analytics #allboutcorps

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Naomi Goez and Michael Cardamone recently wrote an article for MedCity News highlighting the critical areas where healthtech founders should concentrate to drive innovation and financial health in healthcare systems. There is an urgent need for health systems to develop efficient strategies that balance improved patient outcomes with financial health — here are three areas to focus on. 👩‍⚕️ Staff Management: Focus on solutions that enhance nurse staffing flexibility and improve retention through innovative staffing marketplaces and investment in clinical education. ⚙ Operational Efficiency: Develop AI-driven tools that streamline hospital operations, reducing patient stay lengths and improving care coordination. 🤒 Access to Care: Expand telehealth and hybrid care models to increase healthcare accessibility, particularly in underserved areas, enhancing patient outcomes and hospital revenue. #Healthtech startups that address these pillars effectively, and enable a balance between financial sustainability and exceptional patient outcomes will become extremely attractive when selling into to healthcare systems. https://lnkd.in/g37Fq8b8

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Crosby Health Secures $2.2M to Advance AI in Healthcare - Funding and Investors Crosby Health raises $2.2M in pre-seed funding led by Amplo Ventures, with participation from NOMO Ventures and angel investors. - AI Revenue Cycle Expert The company’s AI, Apollo, specializes in denial management, revenue cycle optimization, and automating clinical appeals for healthcare providers. - Use of Funds Funds will be used to expand development efforts and business reach for Crosby Health’s proprietary AI technology. Subscribe to our daily newsletter here for more AI news https://lnkd.in/dKna4rFk #Healthcare #ArtificialIntelligence #Innovation #Startups #Entrepreneurship #VentureCapital #Technology #Fundraising #Health #BigData #AI

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The impact of AI in the workplace extends far beyond the summarization of an email or as a launching pad for brainstorming. Morgan Cheatham, VP at Bessemer Venture Partners and MD candidate, sheds light on a critical aspect of AI adoption in healthcare: understanding the fundamental building blocks of a “medical appointment” — from doctors' various tasks like taking a medical history, performing a physical, following up with a patient and more. Cheatham uses this analogy: Just as digitizing paper didn’t fully unlock the capabilities of computing for word processing, hosting physician-patient conversations over video doesn’t inherently transform care delivery. If AI companies truly want to improve those interactions, he writes, they will need to address each underlying pain point. Read his full post here: https://lnkd.in/eZGBV-H8. In your own workplace, what's an example you've seen of AI adoption working at its best? Share it in the comments below. ✍🏻: Haley Deming

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The convoluted structure of the healthcare industry and unique challenges of technology adoption give VCs with experience as clinicians and operators an advantage, says Zoi Capital co-founder Dr. Ronald Razmi. Read the story here to learn more: https://okt.to/Cxl1Lo #VCJ #VentureCapital #ArtificalIntelligence #EmergingManagers #Healthcare #NorthAmerica

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Today’s Vendor Spotlight is… Abstractive Health What Abstractive Health does (Elion’s take): - Abstractive Health is a clinical summarization platform that uses NLP and machine learning to summarize patient data, improve medical documentation for billing, and highlight diagnoses and follow ups - Abstractive also offers an on-ramp API for Carequality Founded: 2022 Total Funding: $1.8M Leadership: Vince Hartman Ritika Poddar Giordana Pulpo Core Differentiators (according to Abstractive Health): - Standing out for our accuracy, we retrieve medical charts across the United States with high coverage, use LLMs to summarize the charts in real time with little latency, and produce physician-quality summaries - Our method is clinically factual and has been evaluated through a series of clinical assessments, fine-tuned on real clinical data through a partnership with Weill Cornell Medicine - We've developed a method that prevents hallucination of medical words, and we've been featured by the VA as a top leader in trustworthy AI for clinical summarization Link to more on Abstractive Health in the comments. (And if you’re a healthcare vendor and want to get featured, claim and update your Elion profile today.)

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The urgency for healthcare companies to adapt to the new interoperability mandate by 2026 is undeniable. Check out the following Trexin Insight Paper written by Umar Nadeem CSM and Elizabeth Badrov to learn more about navigating and implementing The Final Rule: https://bit.ly/3LmTYqq #Healthcare #Interoperability #FinalRule #Technology #Data #Consulting

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🚀 Ply Health (YC S24) launched! Helps behavioral health providers get in network with insurance companies faster — using AI to automate and monitor submissions. 🍃 ⚡ "Enroll providers with payers. Fast." 🌐 www.plyhealth.com 🏥 Works with behavioral health practices of all sizes and specialties: Partners with physical practices, digital practices, build-your-own-business platforms and new provider entrepreneurs in behavioral health. 🪄 Magically simplifies data collection, enrollment submission, follow ups and record keeping. 🔹 One click apply: Onboard your data one time, apply for as many payers as you’d like with a click. 📊 Monitor in real-time: Monitor the process of all enrollments in real-time through the Ply Health dashboard. ⏱️ Get in network fast: Ply’s data checks, AI submission and programmatic follow-up ensures that you get in network ASAP. (Submits enrollments 2x faster). 🔄 Automate each part of the enrollment process: Eliminate administrative headaches and bill more with 70% fewer days to in network. ✅ Payer enrollment with ease: Standardized questionnaires collect all required provider information and documents. 💯 Ply Health’s platform delivers a better and faster contracting and credentialing experience — they've been able to get providers in network with payers weeks to months faster than other vendors. 👩‍⚕️👨‍⚕️ Ply helps behavioral health providers (e.g. therapists, social workers, psychiatrists) see more patients by getting them in network with insurance companies like Aetna or Medicaid & more. If you're a behavioral health practice, or have a friend at one, the founders would love to chat! 🙌 ⭐ Reach out via email, or book a demo here!: https://lnkd.in/g2KzQNWm Congrats on the launch, Samantha Wu and David Zhang!! https://lnkd.in/gKM-XSZg

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H1 2024 digital health venture funding numbers are in—and with $5.7B deployed across 266 digital health startup raises in the first half of the year, 2024 could potentially outperform 2023 if investment pace holds. In our H1 2024 funding recap, market and funding trends identified by Rock Health Advisory’s Adriana Krasniansky, Mihir Somaiya, and Sari Kaganoff include:  • Early-stage deals accounted for 84% of labeled raises  • The prevalence of unlabeled fundraises started to taper  • Startups leveraging AI received 34% of total sector funding  • The digital health IPO market is showing early signs of life Read on to digest the past six months of digital health investments, public exits, acquisitions, and more: https://lnkd.in/gQw6Xqzq #digitalhealth #venturefunding #healthcareinnovation #markettrends

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BranchLab Raises Seed Funding for AI Healthcare Advertising - Funding Round: BranchLab secures seed funding led by Newark Venture Partners, joined by Aperiam, to accelerate product development and market expansion. - HealthGraph™ Database: The company’s HealthGraph™ aggregates anonymized data from over 300 million US residents and 2.1 million healthcare providers. - AI-Driven Targeting: BranchLab uses machine learning to create audience models for targeted healthcare advertising and in-flight campaign optimization. Subscribe to our daily newsletter here for more AI news https://lnkd.in/dxu-cb4U #AI #Healthcare #Innovation #Technology #Startups #Entrepreneurship #AdvertisingAndMarketing #ArtificialIntelligence #BigData #DataScience #Analytics

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The slowdown in digital health fundraising is not all bad news. Check out an article that details the slowdown and the positives that come with it. #fundraising #digitalhealth #healthcare https://lnkd.in/gp8Q3MJe

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In just under three minutes, Hyro CEO & Co-Founder Israel Krush outlines the three core pillars for Responsible AI in Healthcare: Compliance Control Explainability The complete recording of the Digital Health New York webinar, featuring Laguna Health's Yoni Shtein and Highmark Health's Benjamin Edelshain, MD, will be available for on-demand viewing very soon. Enjoy this clip 🍿 #responsibleai

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🤖 Ctrl + Alt + Del: WellNet Healthcare X Hilb Group is back for another executive roundtable series to reboot the #healthplan. C-suites are burdened by the excessive cost of #healthcare & bombarded with dozens of ways to save money. It's time to clear the desk & hear first-hand how to make #healthinsurance your #1 negotiable operating expense (when managed efficiently). 💥Save your seat & choose your city here: https://lnkd.in/e2imJmPA 💥 Meet with like-minded #ceos, #cfos, #controllers & #hrleaders to discuss similar challenges & solutions. 💥Listen to CFO Hilton Sher of Consolidated Credit share how he took his organization #selffunded 4 years ago - their game plan, tips, wins & lessons. Get all the details here: https://lnkd.in/e2imJmPA Keith Lemer | Dario Campolattaro | Kathie Naylor | Dave Earle | Megan Chiarello | John Augustine | Zach Messing | Heidi Hina, CSFS | Zachary Pitcher | #csuiteinsights #healthcarecosts #employeeretention

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The past few years have been difficult for digital health VC investment... But as Dennis McWilliams shares with Brian Gormley for the The Wall Street Journal, things may be turning around. #AI is part of the reason. There's tremendous opportunity in digital health right now, but startups still need to navigate a return to investors while being able to sell to all 4 key stakeholder groups - healthcare providers, insurers, patients and physicians. Check out the full story below for more details on investment in the space is changing, what's needed, and what's next. Ryan Walker #digitalhealth #healthcare #venturecapital https://lnkd.in/eesmF8_m

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