Being an extremely complex disease with a wide variety of symptoms, dementia presents a significant challenge to healthcare systems and families close to those suffering. The symptoms far exceed expected cognitive decline from aging and affect functions such as memory, comprehension, learning capacity, and behavior. As a result, the current landscape of the dementia space is highly fragmented, making it difficult for patients to find care best-suited to their needs. Additionally, innovation in the space has traditionally been difficult with R&D for novel drugs remaining low through the years. Consequently, caretakers and families of a person who has dementia are largely unprepared compared to other diseases. With a wide variety of approaches to treat the disease at different stages, the economic impact far exceeds other diseases, but also presents a massive opportunity for improvement.
Spiras Health was named one of Modern Healthcare’s top three “Best In Business Awardees” for the 2024 Patient Experience and Engagement category! The Best in Business Awards is an esteemed program designed to honor and recognize the exceptional contributions of healthcare suppliers, vendors and partners across twenty critical categories. This program celebrates those who drive innovation, efficiency and excellence across the healthcare industry. By acknowledging the leading innovators within the industry, Modern Healthcare aims to highlight the pivotal role these organizations play in enhancing the overall healthcare ecosystem.
Fierce Healthcare is proud to present our 2024 Women of Influence honorees—10 women doing groundbreaking, industry-leading and innovative work throughout healthcare. Each of the 10 women profiled this year is playing a critical role in driving the industry forward to improve the quality of healthcare services while making medical care more accessible, equitable and patient-driven. They also represent the breadth of healthcare, holding positions at providers, payers and tech innovators both large and small.
PatientPartner, a health-tech startup founded by Forbes Under 30 honorees George Kramb and Patrick Frank, raised $7M in Seed Round funding led by LionBird & FCA Venture Partners. The round was comprised of $3.5M in new money and $3.5M of convertible debt from Alethea Capital and other strategic investors.
CoachCare, a leading remote patient monitoring (RPM) and virtual care management company, today announced a $48 million strategic growth investment led by Integrity Growth Partners ("IGP"), a leading growth investment firm focused exclusively on software and technology-enabled businesses.
The trend of employers abandoning large insurance carriers for self-funded plans is becoming increasingly popular. This decision is often made in response to increasing premiums charged by larger national insurance carriers. Currently, 65% of covered employees are enrolled in a self-funded employer’s healthcare plan. Self-funded plans allow employers to have more control over healthcare costs and offer employees more personalized benefits. These self-funded plans come with various customized benefits, such as chronic disease management, musculoskeletal care, mental healthcare, and direct primary care. There are several companies, including point-solutions vendors, benefits brokers, and third-party administrators, that focus on providing services to these employers. These companies work together to ensure that employees receive quality care and effective benefits.
While the labor market in the U.S is expected to continue improving, the U.S healthcare industry continues to face headwinds on the labor front, resulting in cost pressures and capacity constraints on health systems and providers. Marketplace staffing can be defined as platforms for “independent professionals to find work, and for organizations to engage this pool of talent.” Compared to traditional ways of recruitment and hiring, marketplace staffing allows for a cost-effective and flexible way for individuals to find jobs in their respective fields and for organizations to connect to these individuals and fill both part-time and full-time open positions. This model has gained traction in recent years in several industries. However, within healthcare, the model is only recently being applied broadly.
Medical coding, the intricate process of translating healthcare diagnoses, procedures, services, and equipment into universal medical alphanumeric codes, plays a pivotal role in the vast and ever-changing landscape of the healthcare industry. The sector's complexity is further compounded by continuous healthcare innovation, evolving clinical procedures and services, the introduction of new FDA-approved medical devices and drugs, the global pandemic, and other transformative movements, rendering effective management a critical challenge. Amidst the challenges and complexity, investment opportunities emerge, presenting a compelling investment thesis for exploration.
Posterity Health, the center of excellence for male reproductive health, today announced the closing of its latest round of financing led by FCA Venture Partners and supported by Distributed Ventures and WVV. Posterity Health empowers males to take control of their reproductive health.
Watershed Health, a leader in driving patient care coordination across the healthcare ecosystem to reduce costs, enhance quality of care and improve patient outcomes, announced the completion of a $13.6 million funding round led by an investment from First Trust Capital Partners with participation from FCA Venture Partners, Create Health Ventures, Impact Engine, 450 Ventures, LDH Ventures II/Launchpad Digital Health, MassMutual Ventures, Capstar Partners and Wanxiang Healthcare Investments.