Lantern, a digital mental health company that became part of Rock Health’s portfolio in 2013, wound down its customer operations in July 2018. The startup had raised over $20M in its lifetime, and supported individuals experiencing anxiety, depression, and disordered eating. “The biggest reason we were unable to scale our services was we didn’t focus on one market,” explains Lantern co-founder and former CEO Alejandro Foung.
Our conviction that innovation requires elevating both digital health entrepreneurs and enterprise leaders is a key reason we’re thrilled to announce our newest corporate partner, Google Cloud.
The future of American healthcare is tightly bound to what happens within government. But there’s too little participation by the healthcare innovation community on national policy and regulatory issues. Without a seat at the table, incredibly important decisions are being made everyday with minimal input from entrepreneurs and innovators.
Will artificial intelligence help humanize healthcare and get medicine back on track? Signs point to yes—with a few caveats. Rock Health Managing Director and CEO Bill Evans spoke with leading cardiologist and digital medicine researcher Dr. Eric Topol about his new book, Deep Medicine, which provides a wide-ranging overview of the current state of AI in healthcare. Together with Dr. Topol, we explore the fundamental shift from “shallow medicine” to “deep medicine,” the data and privacy issues at hand, and why there has never been a more urgent window of opportunity to fix healthcare with the transformative potential of AI.
To ultimately serve patients, most digital health solutions go to market via large enterprises, whether through payers, providers, biopharma, or employers. The size and complexity of these organizations mean a startup’s technology alone is rarely enough to drive a sale and broad adoption. That’s why effective digital health companies build expertise not just in their product, but in cultivating relationships with large enterprises and implementing solutions across them to reach patient populations at scale.
To equip startups with an understanding of what it takes to make it in the employer market, we interviewed our portfolio companies alongside a group of experts who represent the investor and health benefits consultant perspectives. Here’s what we learned—and how a few Rock Health companies are providing meaningful value to employers and employees.