Carbon Health
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Digital Health Funding Steadied in Q1 After a Year of Decline
Global funding for digital health companies finally stabilized in Q1 of this year. The sector raised $3.4 billion — this marks the first time the digital health world didn’t experience a quarter-over-quarter funding decline since Q4 of 2021. By holding steady, digital health startups defied the dwindling fundraising totals seen across the broader venture capital landscape, where funding dropped by 13% quarter-over-quarter.
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The Carbon/Anthem Blue Cross Spat Is Nothing New, Just More Public
Carbon went out of Anthem Blue Cross’ network March 17 after not coming to an agreement on reimbursement. The company took the dispute public in an April 29 blog post declaring the rate Anthem pays its providers as not a livable wage. These kinds of disputes between payers and providers happen frequently, though they’re usually not as public, one expert said.
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Consumer / Employer, Health Tech
CVS Health Makes Waves During JPM: Experts Weigh In
CVS Health announced investments this week in Carbon Health, Monogram Health and Array Behavioral Care. There have also been rumors that the company is exploring a $10 billion deal with primary care company Oak Street Health.
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Solv launches new same-day appointment booking with Carbon Health as customer
Solv has added direct real-time booking to Solv Connect, its marketplace for same-day and next-day healthcare appointments. This announcement decouples Solv Connect from the company’s other software offering, Solv Experience, which is its practice management platform. The first customer the company is announcing for its new-and-improved Solv Connect offering is Carbon Health, a network of primary care and urgent care clinics.
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Carbon Health grows home care capabilities with Alertive Healthcare acquisition
The acquisition enables primary and urgent care provider Carbon Health to remotely monitor patients’ vitals and intervene when needed. The move follows Carbon Health’s purchase of diabetes platform Steady Health — its first major foray into home-based care.
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Carbon Health buys two urgent care chains
The company is buying two urgent care chains in Tuscon, Arizona and Sacramento, California. It now has 83 clinics in 12 states, as it looks to go toe-to-toe with other primary care competitors.
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Carbon Health raises $350M to further expansion plans
After more than doubling its patient volumes during the pandemic, Carbon Health raised funding to further its growth plans. The company said it plans to open 1,500 clinics by 2025.
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Carbon Health raises $100M to expand its network of clinics
Carbon Health, which more than tripled its footprint in the last year, plans to further grow its network of primary care and urgent care clinics with $100 million in new funding.
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Startups, BioPharma, Health Tech
QurAlis raises $42M in Series A round to develop therapies for ALS
Startup companies that have raised closed funding rounds in the past week also include C2N Diagnostics, Carbon Health, Stellar Health and Modulus Discovery.
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Trayt Health Seeks to Increase Access to Diagnoses and Treatments
CEO Malekeh Amini explains how Trayt Health can bridge the gap for patients seeking neurological care.
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Startups, Health Services, Health Tech
Startups pause at-home tests after new FDA guidance
Everlywell, Nurx, and a bevy of other companies had begun marketing at-home tests as the U.S. still faces a shortage. But they had to stop after the Food and Drug Administration clarified that it had not approved at-home testing.
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Carbon Health pulls in $30M to become the ‘Starbucks of healthcare’
In addition to its seven Bay Area clinics that offer in-person care, the startup has a mobile app through which patients can conduct video visits or get treated for conditions by messaging Carbon providers.
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Carbon Health launches virtual clinic to create network of independent physician practices (updated)
Early stage investor Builders VC led a $6.5 million financing round.