What were the biggest trends in Health IT fundraising in Q2?

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Top Story Generative AI, RPM Were Among the Biggest Trends In Health IT Fundraising During Q2 Healthcare IT companies raised $1 billion in venture capital in Q2 — down slightly from the $1.3 billion raised in Q1 but up significantly from the $451.3 million raised in Q4 2022. Unsurprisingly, a lot of these investments were made in companies offering generative AI products. Another key trend was increasing cash flow to remote patient monitoring startups, likely caused by expanded reimbursement for these services. Sponsored Content Join Healthcare's #1 Innovation Event Presented by HLTH HLTH is the premier event for healthcare innovation that convenes from October 8-11, 2023 in Las Vegas. Join 10,000+ of healthcare's brightest minds to discuss the future of healthcare and life sciences. Register now. How Is MedTech Leveraging Data? Learn how large medtechs and smaller startups are leveraging data to transform the medical device industry, and how they are adopting AI. Panel of experts include: Shantanu Gaur, MD, Founder & CEO, Allurion Technologies; Audrey Howell, Ph.D., VP of Product, Butterfly; Ryan Lakin, Divisional Vice President, Digital Solutions, Medical Devices, Abbott; and Shawn LaRocco, Vice President & Global Head of Customer Solutions, Olympus. Moderated by Katie Adams, Senior Reporter, MedCity News. Get Your Ticket Now and Save $100

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What CVS Stands to Gain by Setting Up Biosimilar Subsidiary Cordavis Pharmaceutical industry observers say CVS Health's creation of Cordavis, a new biosimilar drugs company, is part of a strategy to make its move into this market as profitable as possible. Solera Health Launches Weight Management Solution for Payers and Employers Solera Health recently launched a program that aims to help patients who are interested in GLP-1s gain access to lifestyle change support. It also provides educational materials on GLP-1s. The Gigification of Healthcare By leveraging technology and strategies used within the gig economy—and even tapping into the talent pool of gig workers themselves—healthcare organizations can address staffing shortages, retain and motivate more workers, and ultimately deliver better patient care. Medicare Startup Prioritizing 'Movement As Medicine' Snags $17M Bold, a Los Angeles-based company offering a healthy aging platform for older adults, closed a $17 million Series A funding round. The startup seeks to improve the health of Medicare Advantage beneficiaries through personalized exercise programs designed to prevent falls, decrease musculoskeletal pain and boost physical activity levels.

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MedCity Moves Podcast: Recent Hires, Layoffs & an Interview with Andrew Trister, Chief Scientific Officer at Verily In this episode of MedCity Moves Podcast we were joined by Andrew Trister, who just became Verily's chief scientific officer. In this role, he will lead the company's population health initiatives and help advance its precision health strategies. Listen Now

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