Caring for caregivers

A large share of Americans (reports range from 20% to 43%) are unpaid caregivers for family, friends, or loved ones. The caregivers who comprise this “invisible backbone” of healthcare carry a heavy toll, including disproportionate physical, mental, and financial health challenges. In response, new offerings from enterprises and startups are hoping to meet the massive needs of the care economy. Last week, Homethrive raised $20M for its caregiving platform that mixes self-service caregiving support with advice from experts. And the past few months saw senior care startup and Rock Health port co Honor launch Honor Expert, a service for seniors and their caregivers to connect with specialists and access educational resources; Walmart partner with BetterUp to roll out an offering to support caregivers; plus ianacare land $12M for its tech-enabled caregiver support programs.

We hope these investments continue to elevate caregivers as stakeholders in healthcare delivery and innovation—particularly as they play a linchpin role in emerging models for health in the home.

Headlines

Turning Private Health Records Into A Lucrative Portrait Of Patients
Do you know how your health data is being used? STAT

Walmart, CVS To Stop Filling Controlled-Substance Prescriptions For Cerebral, Done
Decisions come amid federal investigation and leadership change at Cerebral The Wall Street Journal

AWS Launches New Healthcare Accelerator Focused on Health Equity
A four-week technical, business, and mentorship program for 10 U.S.-based startups HIT Consultant

Decentralization And Digitization Could Be Key To Unlock Future Of Addiction Care
Apps could help those in recovery from addiction stick to their treatment plans MedCityNews

Researchers Are Using Google’s App To Study Effect Of Phones On Mental Health
How does phone use affect well-being? The Verge

CVS Health Rolls Out Virtual Primary Care Service
Available to Aetna and CVS Caremark members in 2023 Fierce Healthcare

Recent Funding

  • Circles gets $16.5M to expand its online group therapy offering
  • Fairtlity closes on $15M for its machine learning-supported IVF solution
  • Miga Health lands $12M to build a consumer product around heart health
  • KAID collects $4.3M for its AI-enabled clinical analysis and provider coordination tool