Faro Health, Fort Health, Tuned
ShiftMed clinches $200M in fresh funding as investors bet big on healthcare staffing companies
ShiftMed, a mobile app that connects healthcare workers and providers, clinched $200 million in fresh funding to fuel its growth as investors continue to pour money into healthcare staffing companies.
The latest hefty funding round was led by healthcare investors including Panoramic Ventures among others. ShiftMed executives declined to disclose the company's current valuation.
ShiftMed intends to use the fresh capital its national footprint across all segments of the healthcare market.
ShiftMed, which launched in 2016 in the home healthcare space, reports that it experienced 8x revenue growth in the past two years. The company built an on-demand workforce marketplace that connects more than 350,000 credentialed nurses and aides looking for flexible work with healthcare providers needing additional nursing staff. ShiftMed contracts with healthcare providers to link them with workers on demand, including home-based care workers, via their mobile app.
https://www.fiercehealthcare.com/health-tech/shiftmed-clinches-200m-fresh-funding-investors-bet-big-healthcare-staffing-companiesFaro Health Secures $20M to Streamline Smart Clinical Trials
Faro Health, a cloud-computing company that is developing digital infrastructure for smart clinical trials raises $20M in Series A funding led by General Catalyst to help scale the digital transformation of clinical trials––essentially making it easier and quicker for drug developers to greatly reduce the cost and time of trials.
The round also included participation from previous investors Section 32, Polaris Partners, Zetta Ventures, and Northpond Ventures. General CatalystPartner Elena Viboch will join Faro’s Board of Directors.
Faro’s software platform, powered by multifaceted data, provides teams that design and author clinical studies with real-time intuitive insights into the protocol design. This helps teams in a handful of ways, for example
– Collaboratively designing and authoring studies that answer key scientific questions in the least burdensome way for patients, sites, payers, and regulators
– Automating the elimination of inconsistencies and errors through standardization and transformation of protocol content.
The Faro platform helps teams understand and mitigate the risks involved in modern protocols with enormous savings in direct costs and time.
Faro Health Secures $20M to Streamline Smart Clinical Trials
Faro Health, a cloud-computing company that is developing digital infrastructure for smart clinical trials raises $20M in Series A funding
Simple HealthKit Raises $8M in Series A Funding
Simple HealthKit, a Fremont, CA-based healthcare platform that builds and delivers diagnostics, treatment and follow-up care, raised $8m in Series A funding.
The round, which brings total funding to date to $12M, was led by Initialized Capital with participation from Kleiner Perkins, Kapor Capital and Quest Venture Partners.
The company intends to use the funds to expand its testing portfolio and fulfill its mission to bring health equity to underserved markets.
Led by CEO Dr. Sheena Menezes, Simple HealthKit is a provider of a human-centric, end-to-end healthcare platform that builds and delivers diagnostics, treatment and follow-up care for all. The company offers solutions for at-home or in-clinic diagnostics for sexual wellness, respiratory health, and chronic conditions. Simple HealthKit is working with leading retailers, pharmacies, educational institutions, employers, and public health organizations to bring health equity and care to communities and empower people with the information they need to lead healthier lives.
Simple HealthKit Raises $8M in Series A Funding
Simple HealthKit, a Fremont, CA-based healthcare platform that builds and delivers diagnostics, treatment and follow-up care, raised $8m in Series A funding
Fort Health – a New Model to Tackle the Youth Mental Health Crisis in Partnership with Pediatricians
Fort Health, Inc., built in partnership with the Child Mind Institute, the leading independent nonprofit in children’s mental health, announces a new virtual mental health clinic for kids covered by insurance. Built at Redesign Health, Fort Health aims to bridge the gap between behavioral health and primary care. Approximately 1 in 5 children in the United States has a mental health condition, but only about half of those who need mental health care are currently receiving it.
Caregivers typically face many obstacles as they seek mental health care solutions for their children. Long wait times for appointments are commonplace, and behavioral health providers are four times more likely to be out-of-network compared with other medical specialists, putting pediatric mental health care out of reach for many.
Led by distinguished clinical experts, Fort Health’s approach to addressing this urgent systemic issue is to partner directly with pediatricians to increase access to quality care. Fort Health is currently accepting Aetna Optum/United Healthcare and Geisinger Health Plan commercial insurance in New Jersey, with plans to expand into New York and additional states later in 2023. Fort Health recently secured a $4.5 M investment from Blue Venture Fund to expand access to evidence-based treatment across the country.
Fort Health – a New Model to Tackle the Youth Mental Health Crisis in Partnership with Pediatricians | Business Wire
Fort Health, Inc., built in partnership with the Child Mind Institute, announces a new virtual mental health clinic for kids covered by insurance.
Tuned Receives $3.5 Million in Funding to Shape the Future of Hearing Wellness
Tuned, a digital hearing health company focused on providing hearing care for all, today announced that it raised $3.5 million in funding led by Distributed Ventures with participation from Idealab NY, and Elements Health Ventures.
The funding will support Tuned’s mission to make comprehensive hearing care as affordable and accessible as possible while enabling the platform to be offered as a key employee benefit from 2023 onward.
Tuned is a new approach to hearing health, designed by leading audiologists and focused on rethinking how to deliver hearing care to more people, more easily. Tuned serves patients of all ages by connecting qualified and credentialed audiologists to patients via an easy-to-use clinically validated platform. Equipped with over 200 leading audiologists on its platform that is focused on providing holistic hearing care, Tuned is the largest audiology online platform in the U.S., and its virtual user experience increases access and convenience for health consumers. Tuned continues to rapidly evolve as it plans the launch of its pediatric service offerings in the third quarter.
Tuned is the first company to offer hearing care benefits that leverage a key macro policy development initiated by The Food and Drug Administration (FDA) to establish a new regulatory category for over-the-counter (OTC) hearing aids, which are 65% - 95% cheaper than traditional hearing aids. By utilizing OTC solutions, Tuned is able to offer comprehensive hearing care at a much lower rate than traditionally discounted hearing aid programs, reaching a much larger and unrepresented population.
