We cannot guarantee that the content will display correctly while using Internet Explorer. To have the best browsing experience, please upgrade to Microsoft Edge, Google Chrome or Safari.

January 9, 2020

News You Need - 3 Big Little Things from HealthXL - January 2020

Commentary
Chandana Fitzgerald
&

This is your first monthly digest of 2020! We have reviewed the three most noteworthy news stories in digital health from the last few weeks and explained their relevance below. We’ve analysed what they mean for the industry, and why you should know about them. Reach out to me if you wish to connect with our friends from the industry who can quite literally ‘get behind the headlines’.

Over 250 digital health investments in 2019.

Story Snapshot: InsureTech and Telemed capture the lionshare of the Top 20 2019 digital health investments followed by Digital Therapeutics and Virtual Pharmacies

 

Why it's Notable?

 The top 20 highest value investments indicated 4 key themes:  

  1. InsureTech - Two of the top three 500M+ rounds went to this category - Bright Health ($635), Clover Health ($500M)
  2. Telemed Consultation Services - Babylon Health ($550M) and Tencent Trusted Doctor ($250M) won two behemoth investment rounds this year
  3. DTx and Behavioural Health continues to attract investment - Quartet ($60M), Pear ($64M), Ro ($85M), Omada ($73M), Calm ($88M)
  4. Virtual Pharmacies saw some large rounds, including Capsule ($200M) and Hims ($100M)

 

Industry Implications:

  1. Payers are recognising the need to work with their other health counterparts in innovating and making their practices and services more accessible, transparent.  
  2. Telemed investments highlight increased access to care across geographies but also drawing skepticism in terms of the necessity of rounds of this size ($200M+) for these types of services. 
  3. 2 of the top 20 investment spots go to virtual pharmacy showing that investments in the virtual pharmacy space haven’t been deterred by the roadblocks faced by Pillpack to date, and further address access barriers. The combination of telemedicine and e-pharmacy can be powerful for the consumer. 
  4. Global is the way to go. All of the investments in 2019 have shown a global spread and reach, thus showing that digital health is not only the focus of the West but also (and more obviously) "mobile-first" societies. 


Robert Garber
Robert Garber
Partner
7Wire Ventures

We can provide an introduction on your behalf so that you can contact them directly with any questions/queries on this topic. Simply click on the link below to request an introduction.

One Medical - the first digital health IPO of 2020.

Story Snapshot: The tech-enabled primary care provider One Medical, which combines brick-and-mortar doctor visits with around the clock virtual care, is the first digital health company to file for IPO in 2020. 


Why is it notable?

With Livongo, Health Catalyst, Peloton, Phreesia, Progyny and Change Healthcare all going public last year, many heralded 2019 as the year of digital health IPOs. One Medical’s recent filing seems to indicate a likely continuation of the IPO chasing trend within the industry. 


Industry implications:

  1. One Medical’s IPO filing is a likely testament to the popularity and growth of hybrid care offerings, resulting from the accessibility as well as convenience they offer to their members.
  2. While its new IPO status will certainly increase One Medical’s brand visibility, this is no protection against customer churn in favour of more traditional health care providers.
  3. Learnings from cautionary IPO tales - amplified investor hype is only partly to blame; companies must ensure that their houses are in order, otherwise the IPO process can quickly turn into an expensive misfiring!
Carlos Rodarte
Carlos Rodarte
SVP, Life Science Strategy & Business Development
Health Catalyst

We can provide an introduction on your behalf so that you can contact them directly with any questions/queries on this topic. Simply click on the link below to request an introduction.

Request an Introduction

Voluntis, DTx company, partners with Salesforce. Yep, you heard that right.

Story snapshot: Salesforce is a leader in CRM and has just partnered with Voluntis, to implement Voluntis Practice Solutions (VPS), its full-service platform supporting DTx prescription and reimbursement. Salesforce’s Health Cloud, Community Cloud, Sales Cloud and Einstein Analytics solutions will be deployed together to power VPS.


Why it is notable?
Salesforce is a force to reckon with and has widespread adoption across health systems already.

  1. DTx companies are really going hard in pursuing adoption of their solutions among clinical institutions because there has been a lag in patient and clinician uptake of the same over the years. This is another example of the same.
  2. The platform will also integrate the most recent CPT codes established by Centers for Medicare & Medicaid Services (CMS).


Industry Implications:  

  1. While it is not too clear to me how Salesforce's platforms work with clinical decision trees, Q2 2020 will tell us how and when this pilot kicks off. If the promise is real, the scale of access and adoption could be unprecedented.
  2. Backend tasks, billing, revenue management, etc may be the first to be impacted by this partnership, which is exciting enough because that is where the first opportunity for automation lies.
  3. If this partnership does scale, other DTx may follow suit to allow for widespread prescribing of digital assets in the management of disease.
Jessica Shull
Jessica Shull
European Lead
Digital Therapeutics Alliance

We can provide an introduction on your behalf so that you can contact them directly with any questions/queries on this topic. Simply click on the link below to request an introduction.

Request an Introduction

Ready to read more? HealthXL members can access the full peak of the report on the HealthXL Community Hub.

Not yet a member of HealthXL? Download your 11 page snapshot of the report.

Download your 11 page snapshot

Connect with peers and share insights

Don't miss out on the discussion of the latest insights and reports on digital health. Meet with peers and take a deep dive for 75 minutes. Unlike at webinars, you can freely exchange experiences and insights to solve challenges and design the future of DTx.

Digital Therapeutics (DTx)
Digital Therapeutics (DTx)
Digital Therapeutics (DTx)
Digital Therapeutics (DTx)

Masterclass: How to Navigate the NHS Digital Technology Assessment Criteria and NICE evidence guidelines

1st February @ 10AM GMT / 6PM AWST

Are you trying to increase adoption and use of your Digital Health solution across the UK's National Health Service? Join your peers in this meeting as they deep dive into this topic. Apply now to secure your place as seats are limited.

Featuring
Richard Bunney
Richard Bunney
Director, Cuniculo Ltd
Featuring
Richard Bunney
Richard Bunney
Director, Cuniculo Ltd
Digital Therapeutics (DTx)
Digital Therapeutics (DTx)
Digital Therapeutics (DTx)
Digital Therapeutics (DTx)

Masterclass: Endpoints and Control Arms in Trials for DTx

15th February @ 10:45AM EDT

Proving clinical efficacy is one of the biggest challenges for DTx companies. Apply now to join HealthXL in this session to dive deeper into this topic with leaders in this field.

Featuring
Acacia Parks
Acacia Parks
Chief Science Officer, Twill
Featuring
Acacia Parks
Acacia Parks
Chief Science Officer, Twill
Digital Therapeutics (DTx)
Digital Therapeutics (DTx)
Digital Therapeutics (DTx)
Digital Therapeutics (DTx)

The Role of the Consumer Experience in DTx

15th February @ 10:45AM EDT

As technology advances in all sectors (e.g. fintech, entertainment, etc), consumer behaviour changes and the expectations on user experience are higher than before. Apply now to secure your place in this meeting where you will dive deeper into this topic with your peers.

Featuring
Lee Shapiro
Lee Shapiro
Managing Partner, 7wireVentures
Featuring
Lee Shapiro
Lee Shapiro
Managing Partner, 7wireVentures
Digital Therapeutics (DTx)
Digital Therapeutics (DTx)
Digital Therapeutics (DTx)
Digital Therapeutics (DTx)

Masterclass: Incorporating Extended Reality (XR) in Physician's’ Daily Work

28th February @ 10:45AM EDT

The healthcare industry is undergoing a digital transformation and extended reality (XR) technologies such as virtual reality (VR) and augmented reality (AR) are expected to play a significant role in this change in the next few years. Apply now to join this Masterclass led by Nemanja Kovačev, MedTech Expert at HTEC Group.

Featuring
Nemanja Kovačev
Nemanja Kovačev
MedTech Expert, HTEC Group
Featuring
Nemanja Kovačev
Nemanja Kovačev
MedTech Expert, HTEC Group

Are you a HealthXL Member? See the Full Report Here

Non-HealthXL Member? You can purchase the report HERE

HealthXL Digital Health Meetings

Want to join the discussion now?

Join our Digital Health Meetings and take a deep dive for 75 minutes into topics like digital therapeutics, patient support, telehealth, clinical trials, dermatology and many more. These Meetings are not regular webinars: No audience, no recording and no hiding behind a screen. You actively participate in a discussion to solve your present challenges and design the future of digital health. And with a free account on our Community Hub, you stay connected and up-to-date on the latest news and insights, allowing you to fully immerse yourself in the topic before, during and after.

Digital Health in Oncology
31st January @ 10:45AM EDT

Are Hospitals the Right Partner for Digital Health Companies in Oncology?

Digital health in oncology is still a very raw and undefined practice with companies still searching for a best approach to put these solutions into the patients' hands. Join this peer-to-peer conversation to deep dive into this discussion.

Eoin Tabb
Featuring
Eoin Tabb
A/ Chief II Pharmacist, Cancer Services, HSE
Clinical Trials Innovation
1st February @ 11AM EDT

HealthXL Webinar: The Potential of AI in Drug Discovery

The drug discovery process has traditionally been costly and very time-consuming. Join this Webinar to deep dive into this topic with senior leaders in this area.

Armen Vidian
Featuring
Armen Vidian
Digital Health Venture Capitalist
Digital Therapeutics (DTx)
1st February @ 10AM GMT / 6PM AWST

Masterclass: How to Navigate the NHS Digital Technology Assessment Criteria and NICE evidence guidelines

Are you trying to increase adoption and use of your Digital Health solution across the UK's National Health Service? Join your peers in this meeting as they deep dive into this topic. Apply now to secure your place as seats are limited.

Richard Bunney
Featuring
Richard Bunney
Director, Cuniculo Ltd
Telemedicine & Virtual Care Delivery
2nd February @ 10:45AM EDT

Masterclass: How to Make Value-Based Health Care (VBHC) work with Digital Health?

Would you like to learn more about value-based health care models (VBHC) and the interplay between these systems and digital health solutions? Join HealthXL in this Masterclass led by Matt Hickey to deep dive into this topic. Seats are limited so apply now to secure your place.

Matt Hickey
Featuring
Matt Hickey
CEO, The Health Value Alliance

What’s a Rich Text element?

The rich text element allows you to create and format headings, paragraphs, blockquotes, images, and video all in one place instead of having to add and format them individually. Just double-click and easily create content.

Static and dynamic content editing

A rich text element can be used with static or dynamic content. For static content, just drop it into any page and begin editing. For dynamic content, add a rich text field to any collection and then connect a rich text element to that field in the settings panel. Voila!

How to customize formatting for each rich text

Headings, paragraphs, blockquotes, figures, images, and figure captions can all be styled after a class is added to the rich text element using the "When inside of" nested selector system.

We cannot guarantee that the content will display correctly while using Internet Explorer. To have the best browsing experience, please upgrade to Microsoft Edge, Google Chrome or Safari.