Noom is getting into mental health, and Big Health is doing a big deal
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Noom gets into a psychological mood
Naom, the popular weight loss company that recently raised $ 540 million, is taking its first big step in becoming a diversified digital health company with behavioral health offering Noom Mood. The company enters a crowded room with wellness apps and FDA– Clarified digital therapeutics and teletherapy services. With its 16-week curriculum worth $ 149, Noom opted for the unregulated pathway, which is based on cognitive behavioral therapy paired with daily mood recording and text-based coaching. While Noom is no stranger to CBT, many unanswered questions remain about how well such treatment translates to software – and whether some companies are quick and easy with regulations as they ride the wave of investor excitement. Katie has the full story.
Big health is the big deal
Scotland National health service announced that all adults in the country will have easy access to products from digital therapeutic developers Great health. Approximately 5 million people are entitled to access to Sleepio, the company’s product used to treat insomnia with CBT, and Daylight, which is used to treat anxiety. It’s a sign of the treatments’ growing adoption and a potential blueprint for future deals. Read Mario’s story.
Three is a crowd
Another virtual first primary utility has entered the fray. Marley Medical started today with a chronic disease treatment plan with a range of remote services and a team-based approach to treatment. Founded by former Propeller health Executives including Chris Hogg and $ 9 million in funding from investors, including Andreessen Horowitz‘S Julie Yoo and 23andMe‘S Anne Wojcicki, the company plans to court consumers directly and bill insurers for its services. Erin has the shovel.
A high-tech white stick
Researchers at Stanford developed a tricky version of the famous white cane that visually impaired people use to get around. The experimental device described in Science Robotics uses lidar, a camera, GPS, and an inertial motion sensor to help the walking stick understand where it is in an environment, as well as a motorized wheel and audio signals to keep the user safe to lead from place to place. In tests, the extended walking stick helped both visually impaired and sighted participants increase their blindfolded walking speed, suggesting the device instills confidence with users.
Quote of the week
“The jury is not yet in a position to offer a comprehensive range”, Glen Tullman, the founder of Livongowho sells to Teladoc for $ 18.5 last August, Erin said during a STAT + conversation about the combined companies. “I would have liked to have invested more in data science,” he said, adding that the combined “experience does not meet the standards I was hoping for.”
Equip health, which offers virtual family-based treatment for young people with eating disorders, has worked hard over $ 13 million since a Series A round was announced in February. The company has now expanded to four more states – Colorado, Florida, Georgia, and Illinois. The company’s services are covered by Optum in 10 states by November.
Additional funds and a further acquisition in the retail telehealth sector
- Best buy announced plans to acquire a home care company Current health for an undisclosed amount.
- AI-powered chronic care company Health of the lark completed a $ 100 million Series D round, led by Deerfield Management Company. Returning Investors Franklin Templeton, King River capital, Burgspitze, and others also attended.
- Sprinter health, whose unofficial tagline is “A DoorDash to Laboratory Raffles,” which received $ 33 million in Series A funding led by. started Andreessen Horowitz, with the participation of General catalyst, Google Ventures, and other.
- Software-based medical provider Better health $ 10 million in Series A funding led by Caffeinated capital and General catalyst with the participation of 8VC, Anorak Ventures, and other.
- Oshi health, a digital gastrointestinal treatment startup, raised $ 23 million in Series A funding led by Bessemer Venture Partner, Deadline Cressey Ventures, and Flare capital. CVS health company and Takeda Digital Ventures also participated.
- Digital pharmacy Roadded earlier ancestryCEO and General catalyst Living partner Margo Georgiadis to his board.
- Laguna Health, Maker of a digital first recovery platform Justin SwantChief Executive Officer. Swant previously worked as an SVP for a cancer treatment company Access Hope.
- Cancer data and analysis services company COTA Inc., called Ritu Bahal Before COTA, she was CFO of Cantar insights.
- Boston Children’s Hospital called Heather Nelson, formerly SVP and CIO of University of Chicago Medical School‘s IT department, your new CIO.
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