October - 2021

The HSB Blog

4 min

Scouting Report-Sharecare: Launching Unwinding, Evidence-Based Tools for Mental Health

The Driver: Sharecare, a digital health and wellness company, has announced the launch of Unwinding on its platform. Unwinding is an evidence-based mental wellness app designed to help people alleviate stress, demystify the mind’s complexity, and overall build a healthier lifestyle. The app employs evidence-based mindfulness techniques and applies world-renowned neuroscience research. Other offerings of the app include digital therapeutics such as “Eat Right Now”, and a mini-

5 min

Digital Health Exposes Medical Device Information Security Risks-The HSB Blog 10/25/21

Our Take: Given the dramatic rise in connected medical devices (the so-called “Internet of Things”) and remote care, especially since the COVID pandemic, increases in digital health have exposed heightened risks in medical device information security. Consequently, investments in healthcare cybersecurity need to be focused more significantly on medical devices. Accompanying the growing demand for data analytics, remote patient monitoring, and remote diagnostics is a notable r

4 min

Scouting Report-Oshi Health: Virtual Care Comes to Digestive Health

The Driver: Oshi Health, a digital gastrointestinal care startup, recently raised $23M in Series A funding from corporate investors including Flare Capital Partners, Bessemer Venture Partners, Frist Cressey Ventures, CVS Health Ventures, and Takeda Digital Ventures. In addition to the institutional investors, individual investors who joined the round included Jonathan Bush, founder and CEO of Zus Health, (and cofounder of Athenahealth), and Russell Glass, CEO of Headspace Hea

5 min

Digital Wellness Programs Could Be Key to Engagement and Utilization-The HSB Blog 10/18/21

Our Take: Digital health organizations' data-driven and personalized approach to employee wellness programs design will improve employee engagement by shifting more control of health management to employees. Digital health and technology products like wellness software, smartphones, apps, and virtual services, have provided organizations and businesses with enormous support in improving employees’ health and well-being. The COVID-19 pandemic has shifted the fragmented approac

5 min

Scouting Report-Cured: Customizing CRM for the Healthcare Ecosystem

The Driver: Cured, a healthcare digital marketing and customer relationship management (CRM) platform, has raised $10 million in its Series A funding round. The round was led by DNA Capital and joined by CU Healthcare Innovation Fund, UCHealth, High Alpha, Waterline Ventures, Matchstick Ventures, and Headwater Ventures. Upon closure of the round DNA Capital partner Partha Mishra, will join Cured’s Board of Directors. Proceeds of the funding will be deployed in accelerating th

4 min

Scouting Report-Ciitizen Acquired By Invitate: Empowering Patients To Take Charge of Their Care

The Driver: In early September, Invitae, a medical genetics company, acquired Ciitizen for approximately $325M with a deal consisting of almost $125M in cash and approximately 7M shares of Invitae common stock. Ciitizen, a patient-centric tech company, offers a global platform for digitally collecting, organizing, storing, and sharing patient medical records digitally. By leveraging Ciitizen’s existing technologies, Invitae's acquisition broadens ts plans of combining results

6 min

Eliminating Interoperability Hurdles in Digital Health Requires More Than FHIR-The HSB Blog 10/4/21

Our Take: While FHIR may help improve many of healthcare’s data interoperability problems, it will not solve all of them. Getting the full value of new data sources created by the digitization of healthcare and making it interoperable requires not only looking at what is currently available and supported by the HL7 standard but what may not be as well. Healthcare payers and providers will have to be compliant with the interoperability rules but need to think holistically abou

4 min

Scouting Report-9am.health: Helping Make Virtual Diabetes Care Personal and Affordable

The Driver: 9am.health launched a virtual diabetes platform with $3.7M seed funding from investors, including Founders Fund, Define Ventures, Speedinvest, and iSeed ventures. The digital platform provides a holistic virtual package for diabetes care that is personalized, affordable, and convenient. The company aims to alleviate the financial burden for over 34 million diabetes patients in the U.S. who pay close to $10,000 ($8,400-$9,600) for their care, by providing safe and