Q3 funding: It’s not the same as it was

2022’s economic conditions have investors holding back from the market, and Q3’s $2.2B raised in digital health funding (the lowest quarterly total in the past 11 quarters) reflects that sentiment. But low funding activity isn’t holdin’ [innovation] back. Q3 ushered in big shifts within the digital health ecosystem: shoring up outcomes-focused early-stage startups, refocusing technology investments (down on telehealth, up on immersive realities), and thawing the exit market. Read our review of the past quarter, including our take on what the final 90 days of 2022 will hold for founders, investors, and healthcare leaders—and the business moves that this lower funding environment might accelerate.

Headlines

Dare To Redefine And Reimagine: Reflections From Rock Health Summit 2022
The value of lived experience and community co-design plus sustaining momentum in a tough market RockHealth.org

White House: Private Sector Pledges $8B For 'Food Is Medicine'
+ New FDA-proposed rules on what’s ‘healthy’ and Instacart Health debuts Fierce Healthcare

Google And Fitbit Launch New Cloud Tools To Help Hospitals Use Wearables
Laying the foundation for remote patient monitoring, research, and more STAT

Headspace Wants Researchers To Test How The App Works
Crowdsourcing efforts to validate clinical effectiveness The Verge

FDA Releases Guidance On AI-Driven Clinical Decision Support Tools
Some AI tools should be regulated as medical devices Health IT Analytics

The Diagnostic And Triage Accuracy Of Digital And Online Symptom Checker Tools
How accurate are symptom checkers? Not very, it turns out Nature

ADA, Tech Companies Team To Prevent Diabetic Foot Amputations 
Rock Health port co Podimetrics partners to reduce amputations in underserved communities Fierce Healthcare

Recent Funding

• Grow Therapy secures $75M for mental health marketplace and practice admin tools
• Senior-focused virtual mental health startup Rippl scores $32M
• AI-supported vision benefits provider XP Health locks in $17.1M
• Careviso snags $17M for its transparency-focused provider software
• Elucidata lands $16M to curate biomedical datasets for AI-enabled drug discovery
• Assisted mobility wearable and clothing company Cionic pulls in $12.5M
• Docspera grabs $10M for data-backed surgical planning and care coordination suite
• Arcascope receives $2.85M for circadian rhythm tracking and management software