Community over competition

Last week, Rock Health hosted the 11th annual Digital Health CEO Summit, which brought together 120 leaders for a day of conversation and community. From pre-seed to post-acquisition, these founders and CEOs represented a broad cross-section of the startup community. The sentiment in the room? Woof, what a few weeks it has been. But as these leaders steer their organizations through uncertain waters, it’s clear they have the tools and insights to support themselves, their teams, their customers—and each other.  

The collective wisdom of this group resulted in many shared insights about leading in digital health. During uncertain times, CEOs become a beacon of calm or concern. As one leader put it, “be the calmest horse in the herd.” Founders discussed what it’s been like when they’ve provided too much transparency—and noted that the missing piece is often context. We also heard calls for a community mindset throughout the day, and perspectives on digital health reaching its full potential through high-value partnerships, not a winner-takes-all mentality. Finally, CEOs reminded each other: while sacrifice is part of the job, sometimes you need to put your own oxygen mask on first. Take a read through our recap of the day to learn more.

Startup leaders: are you looking for benchmarks and insights on digital health business models and financials? You’re not alone.

To help fill this data gap, Rock Health Advisory is surveying startup leaders on business models and financial benchmarks. If you’re on the executive team of a startup, we’d love for you to participate by taking the survey—all participants will receive an exclusive report of the data!

Headlines

First Citizens Bank To Purchase Assets Of SVB, FDIC Announces
North Carolina-based regional bank swoops in CNN

Once A Silicon Valley Darling, Mindstrong Sells Mental Health Technology For Parts
OG digital health startup is acquired by SonderMind STAT

OpenAI-Powered App From Microsoft Instantly Transcribes Patient Notes
Dragon Ambient eXperience (DAX) Express aims to reduce clinicians’ administrative burdens CNBC

Sanofi Becomes The Third Leading Insulin Maker To Lower List Prices
Insulin manufacturers across the board are slashing prices to $35 out-of-pocket cap STAT

Quantum Computer From IBM Now Deployed At Cleveland Clinic
Advanced computing collaboration will help accelerate precision medicine research Healthcare IT News

Zipline's Drone Brings Rx Deliveries To Michigan Medicine, Intermountain, MultiCare Patients
Drone delivery company partners with health systems to deliver meds in minutes Fierce Healthcare

Maven Clinic Acquires Naytal To Accelerate International Growth
Unicorn women’s and fertility health company is expanding to the UK Femtech Insider

Recent Funding

  • Gravie rakes in $179M to expand its employer health benefits administration solutions
  • ArteraAI finds $90M to develop its AI-supported predictive test for prostate cancer
  • Apprentice.io pulls in $65M for its life-sciences focused logistics and manufacturing solutions
  • Youth and teen-focused virtual mental health provider Bend Health launches with $32M
  • ML-enabled workflow solution developer Vital inks $24.7M to grow provider toolkit