Fresh from the market
With nearly 50% of Americans affected by diet-related diseases costing $1.1T annually—the same as total consumer grocery spend—food as medicine (FaM) programs offer promise, especially for payers and retailers. Evidence connecting healthy food to positive health outcomes is robust, and players across the healthcare ecosystem have taken notice. Q1 2024 saw HHS initiate three public-private partnerships and host its first Food is Medicine Summit, while Kaiser Permanente launched its Food is Medicine Center of Excellence. Between 2023 and Q1 2024, $373M has been invested across 22 digital health startups developing FaM offerings. FaM innovators are building tech-enabled, outcomes-based, and integrated care solutions, and it’s clear there’s a big harvest to reap in this market. Read the latest from Rock Health Advisory for a primer on food as medicine market trends, solutions, and opportunities.
Are you a pharma leader looking for practical tips on harnessing AI’s capabilities? On June 11 at 9 am PT/12 pm ET, join Rock Health Advisory and leaders from Microsoft, Johnson & Johnson, and Huma.AI for a webinar that will translate hype into practical AI-driven strategies that boost efficiency and innovation. Register here!
Registration for Rock Health Summit 2024 is open! Join us on September 10 for an immersive day of learning from and connecting with the digital health community. Register by May 31 before prices go up!
Headlines
Will AI Replace Doctors Who Read X-Rays, Or Just Make Them Better Than Ever?
Studies globally endorse AI CDS for improving accuracy and decreasing workload AP News
Oura Smart Ring Company Extends Heart Health Capabilities
New offering allows users to determine cardiovascular age and health MobihealthNews
Talkspace To Offer Services To Medicare Patients
Online behavioral health company announces Medicare rollout to 13 million members Modern Healthcare
HHS Announces New Funding Opportunities For AI, Behavioral Health Projects
ONC launches funding to evaluate EHR data quality for machine learning models Healthcare IT News
Uber Health To Roll Out New Caregiving Solution To Simplify Benefits, Logistics For Families
Uber adds caregivers as Lyft announces new partnership for prenatal appointments Fierce Healthcare
LG Spins Off A New Business That Bets Big On Health Software
Primefocus Health platform connects digital health apps and remote monitoring devices Endpoints News
Recent Funding
- Chapter grabs $50M to help consumers select Medicare plans
- Fay picks up $25M to connect patients with registered dieticians and nutritionists
- Truveris adds $15M to help employers use data to optimize drug pricing plans
- Care coordination solution Watershed Health collects $13.6M
- Phenomix Sciences inks $7.8M to understand and treat obesity phenotypes
- Switchboard Health raises $6.5M for its specialty care management and coordination solution
- AI-powered claims processing and pricing tool Daffodil Health closes $4.6M
- Crosby Health seeds $2.2M to use LLMs to automate claims processing and appeals