Welcome to Insider Healthcare. I’m Lydia Ramsey Pflanzer, and today in healthcare news:
We mapped out a crop of startups that are providing the backbone for the future of healthcare;Xealth just raised $24 million for its approach to helping providers prescribe digital health tools;Chapter, a Peter Thiel-backed startup, wants to help older Americans enroll in Medicare.
A doctor speaks to a nurse through a video platform in 2015. The pandemic has forced wider adoption of digital health solutions, driving industry growth in 2020 that is likely to continue in 2021.
Toby Talbot/AP File
Private investors are pouring hundreds of millions of dollars into a handful of companies quietly powering the digital-health revolution
Companies like Wheel provide technology for other digital-health companies as a service.Investor interest in these companies could mean the digital-health ecosystem is maturing.Similar to technology, though, only a few infrastructure companies will remain dominant over time.
BSIP/Universal Images Group via Getty Images
See the 29-slide presentation that scored Xealth $24 million by convincing investors that it’s the best way to prescribe health apps
Xealth sells software for prescribing services like remote patient monitoring or health apps.The company raised $24 million in a Series B round led by Advocate Aurora Health’s enterprise arm.Xealth is betting that tech-based therapies and remote patient monitoring will continue to surge.
Chapter, a Peter Thiel-backed startup that helps older people enroll in Medicare, just raised $17 million
Chapter, a startup that helps people enroll in Medicare, just raised $17 million in new funding.The Series A round was led by venture firm Narya Capital, and Peter Thiel is joining the board.The startup plans to use the funding to hire more advisors and engineers to build better technology.
More stories we’re reading:
The rules to help you think about our (second) pandemic winter (The Atlantic) Fauci says Americans should stay away from COVID-19 booster shots until they’re eligible (Insider)COVID-19 has killed about as many people in the US as the 1918 flu did (AP)Period changes after COVID-19 vaccines were reported 27,000 times in 9 months, but experts say you should still get a shot (Insider)