10/1/19

The Rock Weekly

Another digital health IPO is born

Digital health is on track for its second largest funding year ever, with $5.5B invested across the first three quarters of 2019. Against the backdrop of nine $100M+ mega deals, both behavioral and women’s health are on the rise—fueled by increased funding, larger deals, more later stage companies, and a strong pipeline of early stage innovation.

Fertility benefits company Progyny will be the newest addition to the 2019 digital health IPO family, as employers seek to leverage digital tools to improve care and control costs (see Amazon’s virtual primary care clinic for employees). Read more in our just-released Q3 digital health market update.

Headlines

Digital Health Mega Deals Drive Funding Momentum
Pace of activity puts 2019 on track to be second-most funded year Rock Health | (Tweet)

Best Buy CEO Eyes Health As Retailer's "Next Big Thing"
It hired a Chief Medical Officer, who starts on the job today Bloomberg | (Tweet)

23AndMe Is Building A Clinical Trial Recruitment Business
8M customers are considered to be engaged research participants STAT | (Tweet)

Walmart's Sam's Club Launches Health Care Pilot
Members will be able to buy bundles of services—including telehealth conults Associated Press | (Tweet)

"Value" Of Care Was A Big Goal. How Did It Work Out?
A check up on innovation nearly a decade after the ACA The New York Times | (Tweet)

Paging Dr. Robot
Meet one of robotic-assisted surgery’s biggest champions The New Yorker | (Tweet)

Cancer Gene Test Fraud Billed $2.1B To Medicare
Fraudsters are charged for capitalizing on DNA testing buzz Bloomberg | (Tweet)

One Doctor For 11K Square Miles
Nearly 80% of the rural US is now “medically underserved” The Washington Post | (Tweet)

Recent Funding

  • Eko raised $20M for its electronic stethoscope
  • Mednition nabbed $10M to help ER nurses make critical decisions
  • Patient experience management co NexHealth got $4.2M
  • Cured closed $2.5M in seed funding for its care experience platform
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