Ro acquiring Modern Fertility represents the opportunity created when segment-specific services for a given population or need—in this case fertility—combine with wide-population focused virtual care platforms. This deal won’t be the last transaction where telehealth and navigation platforms snap up startups focused on segment-specific verticals.
Each year, Rock Health brings together more than 100 digital health CEOs for candid, closed-door conversations about how to build a successful company in digital health. For the 2021 Digital Health CEO Summit, co-hosted with Venture Lab at the University of Pennsylvania, we were joined by a diverse group of CEOs whose organizations’ growth stages ranged from pre-seed all the way through successful exits. Discussions focused on topics like crafting pitches, going to market, inclusive hiring practices, and navigating times of uncertainty. In this intimate setting, CEOs shared honest and valuable insights about their experiences in transforming healthcare.
Digital health has been a promising, growing space over the past decade. And with the pandemic putting new demands on the healthcare system, demand for digitally-enabled care and services spiked overnight. Even as a light has emerged at the end of the pandemic tunnel, momentum toward digital health shows no signs of slowing down. Over $14B was invested across 2020 in private US digital health companies, a number likely to be dwarfed by 2021 investment, with $6.7B already put to work in Q1 2021. With plenty of funding in tow, more companies are on their way to advancing the promise of digital transformation and achieving meaningful scale.
Yesterday, Microsoft announced it was acquiring Nuance Communications for $16B, the largest digital health acquisition since Teladongo’s starter pistol to the virtual platform wars was fired off last year. Check out our take on why big tech companies are so focused on physician workflow solutions—and what this means for their healthcare strategies going forward.
2021 opened with a whirlwind of SPAC-triggered public exit activity in digital health. In this post, we share insights and analysis on how digital health’s SPAC boom will impact four different stakeholder groups, as well as implications for the entire ecosystem.
Q1 2021 closed with $6.7B in US digital health funding, the most-funded quarter to date. Average deal size ballooned to $45.9M (up from $31.7M in 2020), and SPACs continued to offer a new path to liquidity, with 10 announced or closed SPAC deals. With growing deal sizes, a faster funding pace, and new exit pathways, we’re in a period of heightened opportunity.
Where does healthcare quality show up in the virtual healthcare context, and how should innovators, investors, and healthcare providers approach questions about quality in this paradigm? For a clinician's point of view, we turned to Simon Mathews, Chief Medical Officer of Rock Health portfolio company Vivante Health, to share a perspective on how digital health can play a role in advancing care quality across four dimensions.
2020 was the biggest year yet for the digital behavioral health market with companies raking in a record $2.4B in venture funding. This piece explores four key trends that currently define this market: (1) investors pouring more money into later-stage deals, (2) a burgeoning market for generalist and specialist approaches, (3) consolidation for clinical expansions and digital capabilities, and (4) investment opportunities for substance use disorder and developmental disorder solutions.
Given the growth over the past few years of both Rock Health’s for-profit and our 501(c)(3), we are so excited to announce that Katie Drasser is taking over as the independent CEO to lead Rock Health's nonprofit!
Rock Health and the Stanford Center for Digital Health are excited to release findings from the sixth annual Consumer Adoption Survey. Amidst a national pandemic and the ensuing stay-at-home orders, consumer adoption rates grew significantly from 2019 to 2020—10+ percentage point increases—across live video telemedicine, wearable ownership, and digital health metric tracking. The 2020 survey data suggest that consumers more than ever expect technology to be an integral part of their healthcare experience.