8/2/21

The Rock Weekly

A piece of digital health’s mind

This week in digital mental health: an acquisition, a launch, a partnership, and a new unicorn. Amwell is purchasing SilverCloud Health (along with Conversa Health) in a platform wars set piece. Ro Mind launched with a focus on anxiety and depression, as Ro continues to build and buy to cover the biggest needs in its population. Brightline started working with BCBS Massachusetts to offer pediatric behavioral health services to its members. And SonderMind the unicorn herd with a Series C to expand its geographic footprint. Seen this episode before? Mental health is consistently the highest-funded clinical indication in US digital health. With H1 2021 digital mental health funding only 25% away from beating 2020’s record annual $2B, this ecosystem isn’t scared to flaunt its potential.

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Headlines

Biofourmis Receives FDA Breakthrough Device Designation For Heart Failure DTx
Part of the flurry of FDA rulings in cardiovascular RPM this week TechCrunch

With Telemedicine An Instant Hit, Patients And Providers Feel Growing Pains
Tales from the trenches of exploding telemedicine adoption Kaiser Health News

Demanding Congressional Action To Permanently Expand Telehealth Flexibilities
430 advocacy groups won’t let COVID-19’s digital health lessons be for naught Fierce Healthcare

Anthem, Humana Join Hedge Fund Administrator To Launch Technology For PBMs
Data infrastructure and interoperability solutions remain in vogue MedCity News

Epic’s AI Algorithms Are Delivering Inaccurate Information On Seriously Ill Patients
Investigating issues of transparency, validation, and incentivized algorithm use STAT

XRHealth And Reducept Offer VR Therapy For Pain Management
Virtual reality possibilities for patients with chronic pain HIT Consultant

Avive Unveils A Next-Gen AED, Currently Under FDA Review
This Rock Health portco reveals its solution for cardiac arrest emergencies YouTube

Recent Funding

  • Exo nets $220M to commercialize its portable ultrasound device and workflow software
  • SonderMind, a mental health marketplace and administrative tool for therapists, raises $150M
  • Veda snags $45M to scale its AI claims data processing service for health insurers
  • Continuous health monitoring technology BioIntelliSense rakes in $45M
  • MedRhythms, a music-based digital therapeutic for neurological conditions, adds $25M
  • Automated medical coding platform Nym nabs $25M
  • Talkiatry, a marketplace that connects consumers with psychiatrists, lands $20M
  • Medicare enrollment navigator Connie Health grabs $13M
  • Rey, a startup that combines teletherapy, medication, and VR, gets $10M
  • QLer raises $7.4M to grow its on-demand telepsychiatry program
  • AI eye screening technology Eyenuk secures $6.2M
  • AdaptX closes on $6M to improve patient care with insights from healthcare data
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