Amwell has filed to go public under the New York Stock Exchange symbol AMWL. Google Cloud's $100 million investment will be a concurrent private placement at the IPO price. The company didn't indicate a proposed size for the offering, nor did it give an anticipated price range, but it provided a placeholder amount of $100 million to calculate its registration fee. Morgan Stanley, Goldman Sachs & Co., LLC, Piper Sandler, UBS Investment Bank, Credit Suisse and Cowen Berenberg are listed as underwriters for the IPO.
Digital behavioral health leader Talkspace has announced the launch a new campaign, in partnership with Michael Phelps, to highlight coverage for over 40 million Americans. The goal of this partnership campaign is to promote access to affordable mental health services on a HIPAA-compliant web and mobile platform. Currently, Talkspace is covered by the nation's largest health insurers, including Cigna, Optum, Premera Blue Cross Blue Shield, and Humana. Talkspace also offers coverage plans directly through employers, educational institutions and other large member organizations. - Digital Health Times
Old-school is uncool. Net Health's new digital strategy to managing patient caseload allows rehab therapists to leave old-school methods behind. Net Health, a leading provider of EHR software for specialized care settings, has announced that it has launched a new fully integrated digital solution for rehab therapists in acute care settings. Net Health Therapy for Acute Care enables physical and occupational therapists and speech language pathologists in acute care settings to better clinical and business outcomes by increasing efficiency and standardizing patient care.
Valera Health has officially expanded its telemental health services to members of the Capital District Physicians Health Plan (CDPHP). Members can now receive care in the comfort and safety of their own homes. First announced in 2019, CDPHP will employ Valera's digital tools and advanced data analytics to amplify the impact of clinical services and maximize patient engagement and outcomes. According to the Centers for Disease Control and Prevention (CDC), the pandemic and social isolation can increase stress and anxiety, and these feelings are also known to increase the risk of suicide. The CDC recommends focusing on emotional well-being and seeking treatment via in-person or telehealth services.
Oscar, the first direct-to-consumer health insurance company, announces today that it has closed a $225 million funding round. The round positions Oscar to continue growth off of a $2 billion revenue base and puts the company on a path to further advance its mission of making health care simple. This was a big week for Oscar. Earlier in the week, Cigna and Oscar released more details on their Cigna+Oscar partnership to provide affordable, customized health plans to small businesses.
The patient check-in process needs to be streamlined. DrChrono Inc., a platform operator for medical practices, has announced a new partnership with Ricoh to automatically scan patient IDs and medical documentation right into the electronic health record (EHR), as well as Explanation of Benefits (EOB) into the practice management system (PMS).
MedRhythms Inc., a digital therapeutics startup based in Portland, Maine, has received FDA breakthrough device designation for its Rhythmic Auditory Stimulation (RAS) treatment platform for people with chronic walking impairments due to stroke. This product is the first in the Company's pipeline of digital therapeutics for neurologic disease and injury.