What You Should Know: Cedars-Sinai is expanding virtual healthcare for children and Spanish speakers in California through its mobile app Cedars-Sinai Connect, a fast-growing online option that allows patients to quickly access top healthcare professionals for acute, chronic and preventive care. Innovative Healthcare Solutions: Expanded Access for Children and Spanish Speakers at Cedars-Sinai Children aged 3-17 can now conveniently access urgent healthcare services from Cedars-Sinai providers for issues like coughs, colds, flu, or rashes. Families have the option of on-demand visits 24 ..read more

What You Should Know: – Q1 2024 Digital health funding in the U.S. reached $2.7B across 133 deals, with an average deal size of $20.6M, according to Rock Health’s Q1 2024 Digital Health Funding Report.  – The report reveals the digital health funding landscape has undergone a significant shift in Q1 2024, marking a transition from a period of rapid growth to a more measured environment focused on long-term sustainability. This signals a shift towards smaller check sizes, indicating a more cautious approach from investors and a focus on companies demonstrating concrete value before securi ..read more

What You Should Know:  – Augmedix (AUGX), a leader in AI-powered medical documentation, and Andor Health, a cloud-based platform for virtual care communication, have announced a strategic partnership to streamline workflows and improve patient care.  – The strategic integration aims to revolutionize virtual care by leveraging ambient AI to automate note creation within the Andor Health platform, ThinkAndor®. Focus on Clinician Efficiency and Patient Care Augmedix’s AI technology will automatically generate medical notes during virtual consultations within ThinkAndor®. This frees up ..read more

Patrick Tarnowski, Chief Commercial Officer, OneStep The physical therapy profession, encompassing both Physical Therapists (PTs) and Physical Therapist Assistants (PTAs), is navigating through a period of unprecedented challenge. Recent data highlights concerning trends – not only did the sector see the departure of 15,000 PTs, or 11% of the existing workforce, between 2021 and 2022, but there has also been a consistent 5% annual decrease in applicants to PT programs over the last three to four years. These developments signal an urgent need for innovative and sustainable solutions. The facto ..read more

Frank Williams, Venture Partner at Define Ventures What You Should Know:  – Define Ventures, the leading early-stage investor in digital health companies, announced today the appointment of Frank Williams as Venture Partner.  – Williams, a seasoned entrepreneur and healthcare executive, brings a wealth of experience to the firm, playing a key role in supporting and scaling their portfolio companies. Williams Bio/Background Williams boasts an impressive career in healthcare, highlighted by his co-founding role at Evolent Health.  During his tenure as CEO and Chairman, Evolent com ..read more

What You Should Know:  – Model N (NYSE: MODN), a leading provider of revenue optimization and compliance solutions for the life sciences and high-tech industries, has announced a definitive agreement to be acquired by Vista Equity Partners (“Vista”). – Under the terms of the agreement, Vista will acquire all outstanding shares of Model N common stock for $30.00 per share in an all-cash transaction valued at approximately $1.25 billion. – The transaction is expected to close in mid-2024, subject to customary approvals and clearances. Upon completion, Model N will become a privately held c ..read more

What You Should Know:  – Grow Therapy, a mental health technology company focused on provider-centric care, raises $88M in Series C funding led by Sequoia Capital. The round included participation from Growth Equity at Goldman Sachs Alternatives, PLUS Capital, and a unique group of celebrity investors including Anna Kendrick, Lily Collins, and prominent athletes. – The funding fuels Grow Therapy’s mission to make high-quality mental healthcare accessible to all. Building a More Accessible Mental Healthcare System Grow Therapy is a comprehensive platform to improve access to high-quality ..read more

Unmesh Srivastava, Chief Digital and Technology Officer at Clever Care Health Plan The United States Census Bureau released its most recent statistical findings in 2020, revealing a notable increase in the diversity of the nation’s population. In 2010, the likelihood of randomly selecting two ethnically or racially diverse individuals was 54.9%. By 2020, this had risen to 61.1%. Given these figures, it is unsurprising that healthcare providers are actively seeking solutions, particularly through existing and emerging technologies, to overcome their most significant cultural challenges in patie ..read more

What You Should Know:  – PreciseDx®, a leader in AI-powered diagnostics for oncology, announces a crucial collaboration with UCLA’s Department of Pathology and Laboratory Medicine.  – The research initiative focuses on evaluating PreciseDx’s innovative tool, PreciseBreast™, for its ability to accurately assess the risk of recurrence in patients diagnosed with triple-negative breast cancer (TNBC). Why Focus on Triple-Negative Breast Cancer? TNBC Challenges: Accounting for only 10-20% of breast cancer cases, TNBC is particularly aggressive and carries a higher risk of recurrence. It ..read more

What You Should Know:  – rater8, a healthcare reputation management and patient feedback platform announced today the successful closing of their Series A funding round led by Elsewhere Partners.  – The Series A investment will fuel rater8’s growth, allowing them to expand their reach, strengthen partnerships, and enhance their award-winning software-as-a-service (SaaS) solutions. Capitalizing on the Growing Importance of Online Reputation The global online reputation management market is expected to surpass $746 million by 2031, with healthcare playing a central role. As patients i ..read more