Movement in MSK
It was a busy week in digital musculoskeletal (MSK) health, with raises, product launches, and an outcomes report drawing attention to innovations in MSK care. In conjunction with its $130M mega deal, digital physical therapy platform Sword Health announced a new interactive AI feature that can guide patients through virtual physical therapy (PT) sessions. The next day, Peterson Health Technology Institute (PHTI) reported that some virtual MSK solutions may be effective substitutes for in-person PT, and sometimes at lower costs. Combined with ongoing IPO speculation from Hinge Health, the digital health MSK market is limbering up. Outcomes reporting and funding momentum are paving the way for continued investor and market attention—MSK digital health solutions have raised $223M so far this year, already nearly double that of 2023’s $125M.
Headlines
Could Waystar’s $1B IPO Signal A Comeback For Digital Health?
Time will tell; shares slip 3% in initial debut Healthcare Brew
CVS Seeks Investor To Back New Oak Street Clinics
CVS solicits growth financing and possible JV Bloomberg
UnitedHealth's Optum Rx Unveils New Drug Pricing Model
PBM managing 1.5B+ annual prescriptions launches transparent VBC pricing model Healthcare Dive
Florida Allows Doctors To Perform C-Sections Outside Of Hospitals
OBs concerned that change will increase safety risks when complications arise KFF Health News
Abbott Receives FDA OK For Over-The-Counter Glucose Monitor
Lingo becomes second FDA-approved OTC glucose monitor after Dexcom’s Stelo in March Medtech Dive
Walmart Shut Down Its Healthcare Clinics After Financial Losses
Employees point to shifting leadership, under-used resources, and $230M losses Endpoint News
Recent Funding
- AI-supported virtual MSK clinic Sword Health banks $130M
- AcuityMD, a software solution for medical device sales, rakes in $45M
- Eko Health nabs $41M for its digitally-enabled stethoscopes for cardiac care
- Anterior nabs $20M to use AI to streamline administration tasks for payers and providers
- Life sciences-focused data validation and automation solution Sware closes on $6M
- Keragon, an AI-powered low-code integration and automation solution, emerges with $3M