The Great Consolidation, Part 1: The Employer Health Platform Wars
Fueled by COVID-related demand for virtual care technologies, the growth in digital health funding has been nothing short of spectacular. According to sources, total funding for “digital health” venture capital, debt, and public market financing reached $21.6 billion in 2020, an increase of an amazing 103% from the $10.6 billion raised in 2019. This has
There is [NOT] an app for that
Ten years ago, raising money for healthcare ventures was difficult. “The ROI is too hard to determine,” said some. “There isn’t the data to support new practices,” said others. And Larry Page of Google famously noted in 2014 that, “[Healthcare is] just a painful business to be in. It’s just not necessarily how I want […]
Series D – Rocketfuel for next stage
Today, Crossover Health is announcing a $168M Series D financing led by Deerfield Management with participation from an amazing syndicate which included Perceptive Advisors, OrbiMed, Foresite Capital, Avidity Partners, Liberty Advisors Group, Irving Investors, and Partner Fund. I could not be more thrilled to welcome our new investor partners and am grateful
Ad Infinitum: Playing the Long Game
Most employers make vendor related purchase decisions after a lengthy Request for Proposal (RFP) process. The RFP is a great revenue generator for consultants, provides a safe cover for decision makers, and seeks to “spreadsheet” all the competition. While perhaps increasing the efficiency of “side by side comparison”, it has the unin
Interview: David Sunderland (Part 2) – Going all Out
In Part 1 of our interview, David spoke about the diverse career path he took prior to joining Crossover as the VP of Finance. In this post, he delves into his role, how people should effectively use their finance teams, and the importance of a strong culture in building an effective team. Your title is […]
Interview: David Sunderland (Part 1) – Sports’ Loss is Finance’s Gain
David Sunderland recently joined Crossover as Vice President of Finance, after a multifaceted career with companies in varied industries and through an eventful IPO process. The world of finance, and now Crossover, are fortunate that he decided against a career in pro football, and instead, chose to bring a professional intensity along with his love [&hellip
The Fourth Pivot: Lifestyle as the ultimate Health Model
This will be my 100th post since emerging from radio silence on April 5, 2019. I have always used my blog as the means to sharpen my own thinking, communicate my perspective, and educate the market on how I believe healthcare should be. I also write a monthly newsletter to the company, which we call […]
Interview: Christine Wessel (Part 2) – Law as a Creative Discipline
Christine Wessel is Crossover’s in-house legal counsel, and her views on the role and value of legal practice are probably not what most people expect—or receive—from their lawyer. As we saw in Part 1, when you have to be both sword and shield, you also have to be a creative problem solver, quick to adapt, […]
Interview: Christine Wessel (Part 1) – Both Sword and Shield
Christine Wessel joined Crossover in late 2019 as our first in-house legal counsel,. As she tells us, she has spent her entire life in SoCal, and is clearly comfortable building her life in familiar surroundings. That said, she is less satisfied with routine, and relishes the many opportunities and challenges that life at Crossover can […]
Interview – Dan Oftedahl (Part 2) – Coming in from the Dark Side
In Part 2 of our interview, Dan talks about his interest in playing a role of creating unique provider solutions and ultimately, how he got to Crossover. Working from a Provider-centric focus, seeing the opportunities to engage directly with members, eliminating friction inside the ecosystem, and creating a more connected system of health were key […]