Portfolio News

How Will COVID-19 Impact 2020 Digital Health Venture Funding?

Digital health venture funding got off to a record-breaking start in 2020, with $3.1 billion invested across Q1, according to a new report from Rock Health. That $3.1 billion was across 107 deals—more than 1.5 times the total Q1 funding in any previous year. The firm’s researchers noted that although coronavirus has created “twin crises of a global pandemic and massive economic shifts that will rapidly impact all market sectors, including digital health,” but digital health solutions can “immediately combat the pandemic.” Rock Health surveyed 12 health...

Providence St. Joseph using Twistle remote monitoring technology for 700 COVID patients

Washington-based Providence St. Joseph Health is currently treating some of the largest numbers of patients diagnosed with or at risk of contracting the COVID-19 virus. This is largely due to its presence in Seattle, which is one of the epicenters of the coronavirus outbreak. To manage the 700-plus COVID-19-positive or presumptive positive patients, Providence St. Joseph enlisted the aid of remote patient monitoring service Twistle and digital prescribing platform Xealth. Xealth provides the underlying platform for automation and integration into electronic health records and medical record...

UPS to Get New Fleet of Package Delivery Drones from Wingcopter

UPS has been making its way into the drone industry for years. A key example of this is a partnership between Matternet and UPS Flight Forward, the shipping company’s commercial drone airline, to make drone deliveries to hospitals. Matternet began in 2019 by making deliveries to Wake Medical Center in North Carolina, and recently the companies partnered to do medical drone deliveries to facilities in a San Diego health system. UPS recently announced a new partnership. It has selected Wingcopter as the creator of its “next...

McKnight’s 40 for 40: Lynne Katzmann, Ph.D

As part of its 40th anniversary celebration, McKnight’s, publisher of McKnight’s Long-Term Care News and McKnight’s Senior Living, recognized 40 notable newsmakers in the senior care field. One of these newsmakers is Juniper Communities Founder, President, and CEO Lynn Katzmann, Ph.D. Dr. Katzmann began her career in senior living 32 years ago, when she started Juniper as a skilled nursing company. “That’s all there was” at that time when it came to residential aging services, she told McKnight’s. But a few years later, Juniper expanded into...

Coronavirus: Apps to help the elderly

Health apps are big business. Millions of health apps are being downloaded every day, and there are more than 325,000 to choose from. With all those apps, it’s hard to know which one to choose, especially when it comes to helping the elderly and vulnerable. ORCHA, an award-winning health app advisor and organization that helps organizations choose the best and safest health apps to recommend to their patients, recently put together a list of the best apps for the elderly to use during the COVID-19...