Executives in the digital health space shared with MobiHealthNews the most notable events in healthcare in 2023, including generative AI moving into the mainstream, the rise of ChatGPT, the fall of Silicon Valley Bank and Medicaid disenrollment.
Matthew Stoudt, cofounder and CEO of AppliedVR
"Silicon Valley Bank was the clear Black Swan event of 2023 and sent a shockwave through the entire system...
Digital health executives predict funding in 2024 will increase for companies with platforms proven helpful for healthcare providers and patients, while those not showing value will be forced to dissolve.
Leaders also relayed to MobiHealthNews that mergers and acquisitions will be prominent in the digital health industry, and genAI companies may take center stage when garnering funding. ...
Virtual opioid use disorder treatment company Bicycle Health is partnering with supermarket chain Albertsons to allow the telehealth company's providers to prescribe buprenorphine monthly injections for opioid use disorder that can be filled inside Albertsons pharmacies across 17 states.
Buprenorphine has been shown to reduce the risk of death after an opioid overdose.
Bicycle Health's doctors...
Leaders in the digital health space told MobiHealthNews their predictions about investors' priorities in the coming year and what companies will need to watch out for.
Following 2021's expansive investments and the decrease in funding in 2022, alongside significant layoffs, stakeholders expect funders to be more selective in 2023 – scrutinizing companies' business models and considering whether...
Bicycle Health, which offers virtual opioid use disorder treatment, is partnering with emergency telehealth provider Tele911 to connect patients to continuing care after an overdose or health crisis.
Tele911 works with paramedics to determine if patients need to be transported to a hospital emergency room or if they can be treated at home or at another care site. Under the partnership, those who...
In the midst of the COVID-19 pandemic, U.S. drug overdose deaths have surged. The CDC estimates that more than 107,000 people died in 2021, an increase of nearly 15% from the more than 93,000 deaths in 2020.
But the pandemic also has brought a sudden boost in telehealth utilization. Regulations surrounding telehealth prescriptions of controlled substances were loosened during the public health...
Virtual opioid use disorder treatment startup Bicycle Health scored $50 million in a Series B funding round led by InterAlpen Partners.
Other participants in the round include existing investors Questa Capital, Frist Cressey Ventures and City Light Capital. The Series B brings Bicycle's total raise to $83 million, building on a $27 million Series A announced in June 2021.
WHAT IT DOES
Bicycle...
Virtual opioid use disorder treatment company Bicycle Health inked a deal with Marvin, a startup that supports clinician mental health, in order to provide healthcare professionals with opioid treatment.
Marvin patients will now be able to access Bicycle Health's telehealth-based treatments. The service offers patients access to medical provider-driven medication management, group therapy from a...
Quanta, a medtech company for dialysis care, has scored a whopping $245 million in its oversubscribed and upsized Series D funding round.
Glenview Capital and Novo Holdings co-led the round. Other participating investors include BlackRock, Eldridge, Sands Capital, Millennium, Monashee Investment Management, Puhua Capital, Segulah Medical and Ancora, Orlando Health, Wellington Partners, btov,...
The alarming scale of the opioid use disorder (OUD) epidemic has resulted in unprecedented human and economic devastation, and there is significant opportunity for digital tools to alter the gold standard of care to one that is ongoing and on-demand.
The epidemic has only worsened since the onset of COVID-19, given heightened economic instability, social isolation, disruption to transportation...
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