Portfolio News

Inside the new world of healthcare data

In a recent episode of the PharmaPhorum podcast, Evidation co-CEO and Executive Chair of the Board Deborah Kilpatrick discussed healthcare data collection in 2023 and how it intersects with stakeholders across the ecosystem, from tech and pharma companies to research participants. The discussion began with data gathering, and Kilpatrick said that Evidation works with PGHD—patient-generated health data that comes from smart watches, mobile phones, patient-reported data, and other tools that capture information relevant to health. “It’s about characterization of health status using these types of new real-world...

Through reverse auctions, Minnesota pushes for PBM savings and price transparency

Truveris has helped the State of Minnesota save more than $28 million in pharmacy benefits expenses over the next two years. Using the company’s technology, the state was able to evaluate bids from competing pharmacy benefit managers (PBMs). Truveris’ technology allows health plan sponsors to conduct reverse auctions, in which PBMs must reply to detailed requests for proposals and make multiple bids if they wish to win contracts with large insurers. Minnesota’s State Employee Group Insurance Program (SEGIP) and Public Employers Insurance Program (PEIP) together held...

Matternet Set to Produce M2 Delivery Drones in the US After Receiving FAA Greenlight

Matternet’s groundbreaking FAA Type Certification for its M2 drone in September of 2022 was followed quickly by being granted a Production Certificate for the craft by the US Federal Aviation Administration. With the Production Certificate, Matternet can now begin mass production of its M2 drone at its factory in Mountain View, California. The Production Certificate will eventually allow Matternet to produce, test, and grant airworthiness certificates for M2 drones. To date, no other drone manufacturers have received the trio of certifications—Type, Production, and Airworthiness—that the FAA requires...

Running Through Walls: Thinking Long Term is the Greatest Gift

In a recent Venrock podcast, Aledade Founder and CEO Farzad Mostashari spoke about how to heighten the efficiency and effectiveness of patient care, specifically preventative care. He discusses how Aledade is working to help patients when average primary care practices can’t and the new launch of Aledade Care Solutions. He also shares his perspective on the strongest way to create a value-based care incentive structure. He starts the interview by discussing Aledade’s view of value-based care, which he defines as helping primary care practices make money...

Carrum Health, GRAIL strike up partnership to offer cancer test to employers

Cancer has managed to be the most expensive condition increasing employers’ costs. Seeing this issue as an opportunity to collaborate Carrum Health and GRAIL have teamed up to create a solution. Carrum Health is a value-based platform that helps employers and employees find easy access to Centers of Excellence. The collaboration will allow GRAIL’s Galleri early-detection cancer test to be offered as a benefit option to Carrum’s self-insured employers. Though musculoskeletal conditions were once the leading factor increasing employers’ healthcare costs, a recent survey by Business...