Portfolio News

Mission to Serve ‘Poor and Vulnerable’ Guides This Health Care Impact Investment Fund

Nonprofit Providence St. Joseph Health is the third largest healthcare system in the United States. In addition to operating healthcare facilities, the organization has launched Providence Ventures, a $150 million healthcare impact investment fund. “We’re working to bring healthcare into the digital and consumer age to better serve patients and consumers—with a focus on the poor and vulnerable—delivering care on their terms: where, when, and how they want it,” said Aaron Martin, executive vice president and chief digital officer at Providence. Martin identified six areas of focus...

App Annie Names American Well the #1 Downloaded Telehealth Platform in the US for iOS and Android Combined

App Annie, the mobile performance standard, ranked telehealth apps by the number of iOS and Google Play downloads combined, and has determined that by that metric, American Well is the #1 telehealth platform in the U.S. This isn’t the first year American Well’s consumer app, Amwell, has been named the most popular telehealth app in the U.S. The company earned this accolade in 2014, 2015, and 2016 as well. The Amwell app allows people in the U.S. to see a U.S. board-certified doctor or therapist of...

Augmedix’s EHR Documentation Platform Enters Innovative Pilot with Award-Winning iKnowMed Oncology EHR

McKesson Corporation and Augmedix announced the expansion of an innovative pilot between the Augmedix electronic health record (EHR) documentation platform and the McKesson oncology EHR iKnowMed. Augmedix outfits physicians with Glass eyewear from Alphabet’s moonshot factory. This wearable technology is then used during patient exams to stream audio/visual information from the clinic visit to an off-site team of tech-enabled scribes in a HIPAA-secure location. The trained scribes assist the doctor and perform EHR documentation in real time. The physician then reviews and approves notes for the...

ResMed to Acquire Propeller Health, a Leader in COPD and Asthma Connected Health Solutions, for $225 Million

ResMed, a company that creates cloud-connected medical devices and out-of-hospital software-as-a-service (SaaS), today announced that it has entered a definitive agreement to acquire Propeller Health, a digital therapeutics company providing connected health solutions for people living with chronic obstructive pulmonary disease (COPD) and asthma. Propeller Health was named a “2017 Most Innovative Company” by Fast Company. The company helps people and their doctors better manage their respiratory diseases by means of a small sensor that easily attaches to customers’ inhalers and pairs with a mobile app...

Digital Innovation & the First Mover Advantage for Health Systems

“It’s no secret that healthcare has long lagged other industries when it comes to the adoption of digital technology,” wrote Kyruus CEO Graham Gardner in a recent essay. However, he warned, “healthcare industry trends—particularly the rise of consumerism—are driving a clear urgency around digital competence.” Hospitals and health systems know about this urgency; yet, less than 25 percent of these organizations have strong capabilities to do so. But since consumers are used to being able to access robust information and online, self-service capabilities, they are demanding...