To bundle or unbundle?
The explosion in digital behavioral and mental health funding over the last year is nothing new to Rock Weekly readers. As this market continues to gain momentum, it’s incumbent on mental health startups to go beyond simply digitizing the existing care experience. That includes aligning adjacent therapies and specialty offerings in accessible ways. Platforms like Transcarent, which raised a $58M Series B on a $500M valuation last week, offer the potential to bring together various apps focused on the spectrum of mental health needs—from mindfulness all the way to serious mental illness care—enabling people to make choices about their care.
We’ve said it once, and we’ll say it again. The most important thing for this proliferating segment to achieve is closing the supply-demand gap in culturally competent ways; whether that’s through telehealth, in-person sessions, chatbot automation, all of the above, or somewhere in between.
Headlines
An Inside Look at Enterprise Digital Innovation
Highlights from the Rock Health Spring 2021 Member Retreat Rock Health
Amazon Has Signed Multiple Companies To Its Telehealth Service
+ faces off with Walmart to cut prescription drug costs The Wall Street Journal
New Apple Health App Feature Gives Doctors Easier Access To Data
Straight from your iPhone to their EMR The Verge
Datavant’s $7B Deal With Ciox Health
Deal creates the “nation’s largest health data ecosystem” Fierce Healthcare
Drug Discovery Startup Valo Goes Public Via SPAC
Will merge with Khosla Ventures’ SPAC MobiHealthNews
Telehealth Use Dropped Again In March, But At Slower Rate
A new equilibrium begins to emerge Healthcare Dive
Recent Funding
- Kidney disease care delivery and navigation company Monogram Health closes $160M
- At-home diagnostics company LetsGetChecked lands $150M
- Axtria, which develops AI-enabled software for life sciences companies, gets $150M
- Online mental health therapy platform Cerebral grabs $127M
- Employee health benefits management platform Transcarent brings in $58M
- Strateos, developer of remote access laboratories for life sciences research, secures $56.1M
- At-home virtual boxing studio Liteboxer bags $20M
- Hawthorne Effect nabs $20M to decentralize clinical trials
- Mendel, which uses natural language processing to interpret medical documents, adds $18M
- Sleep management platform Rise Science nets $15.5M to track sleep patterns
- Faro Health, a digital transformation software for clinical trials, secures $15M
- Personal assistant for the aging DUOS comes out of stealth with $6M
- Billing and finance software for therapists Nirvana Health adds $4.2M
- Opya, a teletherapy platform supporting individuals on the autism spectrum, raises $3M
- Medical device tracking technology Intelligent Locations grabs $2.5M
- Allara, a virtual care service for PCOS and hormonal health, launches with $2.5M