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Clinical pathology startup Techcyte lands $21M for company growth and more digital health fundings
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SWORD Health closes on $85 million Series C for virtual MSK care – TechCrunch
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Editor s note: This story is part of a series on the trends that will shape the industry in 2021. You can find all the articles on our trendline. For a look at the business trends affecting other industries, see the Dive Outlook on 2021.
The coronavirus pandemic set in motion a cascade of changes in healthcare, and no sector was impacted more than digital health. The fledgling industry rapidly accelerated as COVID-19 changed technology helping patients receive care outside of the hospital or doctor s office into a necessity, instead of a luxury.
That acceleration has continued into 2021, and could even increase this year, experts say, creating a sea change in healthcare delivery and operations. Global healthcare industry revenues are expected to exceed $2.6 trillion by 2025, up from $2 trillion last year, with the majority of that growth propelled by artificial intelligence and telehealth, according to consultancy Frost & Sullivan.
Krishnan writes (I’ve condensed for clarity):
I didn’t want my very first issue to be about this, but here we are. As per usual, instead of listening to actual experts, my friends keep asking if they should be worried about Covid-19. To remind everyone, to the sadness of my parents I am not a doctor or public health person, just a thinkboi. But I figured I would just put this down in a newsletter.
Things I know:
I am not an expert on this.
You should listen to actual experts on this and not vigilante epidemiologists on Twitter. Spreading misinformation is exactly how sh t is going to hit the fan and makes it difficult to organize a coordinated response. In fact I would say it’s a history of fear mongering and misinformation around public health issues that’s made the public extremely confused about when they should be very seriously preparing. A true “boy who cried wolf” scenario taking place.
Haven, Amazon s health venture with JPMorgan and Berkshire Hathaway, is disbanding.
Details about Haven have been few and far between ever since it was announced in 2018. It started without a clear mandate from the founding companies and never landed on one.
Haven s first big bet on primary care was shut down when the coronavirus pandemic started. Dozens of employees left the venture in the spring and summer, including Dr. Atul Gawande, its CEO.
The venture s failure is coming at a shock to an industry that thought it could be transformational.
Business Insider tracked Haven s three-year struggle to find a voice in healthcare before it disbanded.
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