4 Notable Health Tech Funding Announcements in June
Health tech companies made several major funding announcements in June. Here is a list of some of the biggest funding rounds.
Cadence Rakes In $100M to Automate Chronic Care at Scale
Cadence raised $100 million in Series C funding to scale its AI-powered chronic care platform, which monitors patients at home and adjusts their medications in real time. The startup, now valued at $1.23 billion, partners with health systems to treat patients with heart failure, hypertension and diabetes.
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CMS’ ACCESS Model: A New Push to Rewire Medicare Around Outcomes?
CMS’ new ACCESS model, slated to begin on July 1, aims to shift traditional Medicare fee-for-service toward value-based care by tying payments to patient outcomes and encouraging tech-enabled, preventive care. Experts say it could benefit digitally mature, value-focused providers first, but its overall success will hinge on clear metrics, better data sharing and sustained participation.
Healthcare Moves: A Monthly Summary of Hires, Exits and Layoffs
February has seen a slew of executive hires, exits and layoffs across the healthcare industry. For example, health tech companies like Cadence and Bamboo Health hired new C-suite leaders, and providers like Mass General Brigham and Corewell Health announced rounds of job cuts.
Rush Launches Program to Scale RPM for Chronic Conditions Management
Chicago-based Rush University System for Health recently struck a partnership with Cadence — the health system is beginning an RPM pilot using the startup's technology platform and clinicians. Rush will enroll Medicare and Medicaid patients who have one or more of the following chronic conditions: hypertension, congestive heart failure and type 2 diabetes.
RPM is Changing How I Provide Care, And My Patients Love It
If you ask any physician about treating patients with chronic conditions, chances are they will tell you that our current healthcare system is failing these patients. I am no different. For patients with heart failure, type 2 diabetes, or hypertension, a quarterly office visit simply cannot provide the level of care needed to make the […]
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Standard RPM programs end up creating more work for physicians, Cadence CEO says
Remote patient monitoring technology has been around for more than a decade, but health systems have had a difficult time scaling their programs. This is because the huge amount of data collected by RPM technology often creates more work for physicians, said Cadence CEO Chris Altchek.
Cadence launches with $41M, strikes partnership with LifePoint Health
The company offers a remote patient monitoring platform that enables clinicians to not only monitor patients at home but also provide personalized feedback via texts and video visits. The platform will be deployed at LifePoint Health facilities and used to deliver remote care to more than 100,000 patients.