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Hinge CEO on automating care
Digital bodily remedy firm Hinge Well being went public final week, elevating $437 million and ending an IPO drought for digital well being corporations. To the aid of different companies that could be contemplating going public, the inventory didn’t instantly implode. It closed Friday at $37.56, above its $32 IPO worth.
Simply earlier than the inventory began buying and selling, I caught up with CEO Dan Perez, who confused Hinge’s ambition to make use of know-how to automate all the pieces doable in care, saying the corporate has eradicated 95% of the human clinician hours required for bodily remedy. He hinted on the firm’s plans for growth and instructed me how he feels about going public at lower than half of Hinge’s 2021 valuation.
Novo turns to telehealth for an edge
Within the push to get compounded GLP-1 customers on branded variations of the medicine, huge pharma corporations are beginning to embrace sure telehealth suppliers as advertising companions. On the finish of April, Novo Nordisk introduced it will collaborate with three telehealth corporations to supply Wegovy by its personal mail-order pharmacy at a decrease cash-pay worth. And on Thursday, it doubled down with a limited-time coupon — concurrently promoted by two of the telehealth corporations, Ro and LifeMD — to seize extra of these sufferers.
Learn extra from STAT’s Katie Palmer right here
funding
VC Survey: The largest impacts of AI on well being care?
Enterprise capital agency Venrock launched its annual Healthcare Prognosis survey, which this 12 months included 278 respondents from well being tech startups, giant non-public corporations, payers, and extra. Questions in regards to the potential impacts of synthetic intelligence had been the highest of the query checklist. The numbers within the graphic above counsel respondents consider AI may have an even bigger impression on slicing prices than bettering care. Requested in one other query in regards to the largest advantage of integrating AI for present companies, 44% of respondents selected improved profitability. The identical quantity stated it will result in higher merchandise and expertise.
Trade information
- Salvia BioElectrics, which is creating a neuromodulation implant to deal with migraines, raised $60 million from Innovation Industries and different traders.
- Livestrong has a new chatbot referred to as Ellis that solutions questions for most cancers survivors. It’s billed as “ChatGPT meets Livestrong’s deep properly of most cancers assist sources.”
- Recent off a optimistic evaluation of the financial worth of its prescription digital therapeutic for despair, Otsuka Precision Well being is hiring a “Digital Well being Engagement Accomplice.”
What we’re studying
