H|T: The Healthtech Times – Changing how doctors get paid

Plus: Teladoc Health faces class action lawsuit alleging it misled investors.

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IntelliSports raises $2.5 million for gamified fitness app PlayFitt (BETAKIT)

IntelliSports develops gaming technology using artificial intelligence (AI) and sports analytics. The company currently has two offerings: PlayFitt, as well as Klutch Curling, a software-based platform that can track curling stones through its mobile app.

A startup that's changing how doctors get paid just nabbed fresh funding at a $3.1 billion valuation (BUSINESS INSIDER)

Aledade plans to use the fresh funds to work with more primary-care practices serving patients in the private-health plan market for seniors, known as Medicare Advantage, and potentially deliver more healthcare services directly to patients through a new business arm unveiled in January.

Able Innovations announces $7.5 million to take the pain out of patient transfer (BETAKIT)

In an interview with BetaKit, Puri described the typical patient transfer process as “pretty crude,” adding that it can cause pain to patients and result in hospital staff experiencing injuries. Amid an already short-staffed healthcare system during COVID-19, the issues associated with this routine task have become magnified.

Medtech firm BD dives into growing pharmacy automation market with $1.5B acquisition (FIERCE HEALTHCARE)

“Parata has a highly attractive financial profile and compelling value proposition that meets all of our rigorous investment criteria on growth, profitability and returns,” Tom Polen, chairman, CEO and president of BD, said in a statement. “With the addition of Parata, BD further advances our 2025 growth strategy around smart, connected care and enabling new care settings. We look forward to welcoming the talented Parata team to BD.”

Teladoc Health faces class action lawsuit alleging it misled investors (MOBIHEALTH NEWS)

The suit, filed yesterday in the Southern District of New York on behalf of defendants who purchased Teladoc shares between October and April, names the company as well as CEO Jason Gorevic and CFO Mala Murthy.

Think Research sees 142 percent rise in Q1 revenue fuelled by acquisitions, “major contract wins” (BETAKIT)

Think Research’s Q1 revenue growth was fuelled by its acquisitions and a rise in the company’s software and data revenue, which Think Research chalked up to “recent major contract wins.” It also came despite a decline in revenue across the company’s other segments, which Think Research attributed to “delays in clinical research and clinical service operations associated with the Omicron outbreak.”

With whopping $100M investment, UnitedHealth Group seeks to tackle workforce crisis and lack of diversity (MEDCITY NEWS)

The U.S. could see a deficit of 200,000 to 450,000 registered nurses available to provide direct patient care by 2025, according to a McKinsey report released last month. Mercer research shows that the country also faces an estimated shortage of more than 3.2 million lower-wage healthcare workers, such as nursing assistants and home health aides, within the next five years.

Doctor-founded Cherry Health closes $1.23 million to expand job-matching platform for physicians (BETAKIT)

According to Dr. Jordan Vollrath, Cherry Health’s co-founder and CEO and a practicing family physician, everyone in the medical space “relies on this steady flux of locums.” Vollrath likened this process to how classrooms operate by using substitute teachers. “If you just shut down the doors, people start getting sick, things fall apart quickly, so you’ve got to have this constant relief support to take care of things in your absence,” Vollrath told BetaKit in an interview.

Virtual addiction startup Bicycle Health rides Series B to $83M (AXIOS)

New data suggest a 15% rise in opioid overdose deaths during the pandemic, and research shows the drugs meant to treat it aren't reaching those most in need. Enter Boston-based Bicycle Health, whose purely virtual offering affords patients a key benefit that in-person options can't: Anonymity.

Startup Cerebral Soared on Easy Adderall Prescriptions. That Was Its Undoing. (THE WALL STREET JOURNAL)

The company was focused on treating people experiencing depression and anxiety, charging a monthly fee to see a nurse practitioner online for prescription antidepressants. But patients tended to cancel their subscriptions after only a few months, making it more difficult for the company to recoup advertising and other costs, according to documents reviewed by The Wall Street Journal and people familiar with the matter.

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Michael Edgar

Michael Edgar

Michael is a multimedia journalist working out of the U.K. and a staff writer for BetaKit.

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