Startup UPDATES: New developments for healthcare startups - MedCity News

National health policy expert Seema Verma joins the Carrum Health Corporate Advisory Board. Verma will offer his expertise as the company expands its national network of COE providers and partners with self-insured employers to adopt value-based care programs to reduce healthcare costs.

“The fee-for-service payment model fails to drive quality and comprehensive care coordination and has led to inefficiencies in care delivery and unsustainable health care costs for employers and their employees,” Verma said. “Carrum Health has developed a true value-based model of care, delivered through high-quality centers of excellence across the country, to offer self-insured organizations a surgical benefit that will not only reduce healthcare costs, but also provide higher quality of care. I look forward to working with the Carrum team as they crack the code for value-based care through an innovative model, starting with surgical procedures, which represent the majority of an employer’s healthcare spend.

“During Seema’s tenure at CMS, she has played a critical role in advocating for value-based care and the role of technology in healthcare,” said Sach Jain, CEO and founder of Carrum Health. “Carrum’s focused investment in technology, including the industry’s only patient-centric surgery app, delivers an enhanced patient experience that drives engagement and better health outcomes. Seema is another incredible asset to our advisory board and she will bring tremendous value to both our partners and clients. With his added expertise and experience, Caram can accelerate our growth potential and bring our solution to even more employees across the country.”

Jonathan Bush, founder of Zus Health and, previously, Athenahealth, shared some advice for health tech startup founders in an interview with Fast Company recently. Here are some of the highlights:

  • “Start with simple tools – don’t reinvent the wheel. Rent the wheels and then build something unique on them.”
  • “Demonstrating long-term value.”
  • “Get to the thing quickly that no one else has, and spend all your R&D, design, product time on that, and outsource everything else, at least until you break even or reach some kind of operational stability.”
  • “It might be obvious advice, but during this latest orgy of almost free capital, people forgot it and a lot of young people started businesses without even knowing it was a thing, and they’re going to get a huge bucket of water on their head explaining it to them.’

To read more, Press here.

Bessemer Venture Partners closed $3.85 billion in new capital for its twelfth flagship fund, BVP XII. The fund seeks to strengthen the firm’s focus on seed and early-stage investments in companies in several areas, including healthcare. The fund will invest in companies worldwide through the firm’s teams in Silicon Valley, San Francisco, New York, Boston, London, Tel Aviv, Beijing and Bangalore.

The firm also expanded into private equity with its $780 million BVP Forge fund.

“We pride ourselves on partnering with entrepreneurs to help them scale from their earliest days through IPO and beyond. BVP Forge allows us to expand our ability to support management teams looking for liquidity and wanting a hands-on partner to navigate their next stage of growth,” said Bessemer partner Brian Feinstein, who supported the firm’s expansion into growth buyouts.

To read more, Press here.

Springboard Enterprises announced eight companies that will participate in its 2022 Digital Health Cohort. The program includes an intensive boot camp, a series of workshops, with the goal of connecting entrepreneurs with teams of relevant, strategic advisors. They include:

  • AllergenIQ is a virtual allergy care platform focused on prevention and providing an integrative care model for the management of chronic allergic conditions.
  • Lasa Hello (formerly Amie Health) is aimed at complex chronic diseases such as endometriosis.
  • Flourish Fund b2b platform for pregnant women.
  • Healthcare originals helps people with asthma and COPD live full, enriched lives.
  • LunaJoy is a digital mental health clinic targeting women in adolescence, pregnancy, postpartum and infertility to miscarriage, menopause and aging.
  • Oral Genome focuses on dental prevention by developing a science-based on-site dental health card.
  • SoShe focuses on digital health and wellness for new and expectant parents.
  • Waveform diagnostics has smartphone-based medical diagnostics supporting virtual pediatric care.

To read more, Press here.

picture: chivesPixabay

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