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Red-hot virtual care market propels New York City health startups to record year
Bloomberg
Last year venture capital firms put a record $3.6 billion into health-related local startups, a 40% annual increase led by young companies specializing in virtual medicine.
Investment reached a high mark between October and the end of the year, with just more than $1 billion spent in three months, according to a recent report from the New York City Health Business Leaders, a trade group focused on health care and technology. There were already a lot of challenges in the health care delivery system before Covid, so the idea of embracing innovation was already happening, said Bunny Ellerin, president of the group. But Covid completely accelerated both the funding and adoption of technology.
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NEW YORK, Feb. 18, 2021 /PRNewswire/ Stellar Health ( Stellar ), a healthcare technology company leading the way in value-based care delivery, recently announced the appointment of Dr. Catherine Gaffigan, Dr. David Carmouche, Bunny Ellerin, Michael Akinyele, and Dr. John Fitzgerald to its Board of Advisors.
Stellar saw tremendous growth in 2020 with both payors and providers. Through partnerships with over 45 collaborations across 18 states, Stellar manages outcomes for 300,000+ lives. The company looks to their Board of Advisors to guide strategic decisions, inform the evolution of their point-of-care platform, and broaden client relationships across the United States. Each new appointee to Stellar s Board of Advisors, brings a unique perspective and experience that contributes to Stellar s success in advancing value-based care through the use of behavioral economics and user-friendly technology. In addition, the Board of Advisors activel